New laws boost hous­ing

Port Douglas & Mossman Gazette - - REAL ESTATE -

‘NEW laws in Aus­tralia fast track­ing mi­grant visas if they spend over $5 mil­lion on lo­cal in­vest­ments, com­bined with the Chi­nese government step­ping up en­force­ment of the cap­i­tal gains tax on home sale prof­its and in­crease de­posit sizes for sec­ond prop­er­ties could po­ten­tially boost the lo­cal hous­ing mar­ket with Chi­nese in­vestors look­ing down un­der for their next prop­erty.

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