The HIA believes that the consequence of these new fees will see investors withdraw from the Australian market
It looks like the industry is not swallowing the federal government’s pill that foreign investment is contributing to the housing crisis.
The Housing Industry Association (HIA) is one of many industry peak bodies and commentators to jump on the announcement made by Treasurer Jim Chalmers regarding the government’s plan to hit up foreign investors as a measure to improve housing supply for Australians.
In response to this proposed new impediment to housing investment, HIA chief economist Tim Reardon said more foreign investors would increase housing supply, not more taxes.
