This photo taken on June 17, 2016 shows a man walking past signs advertising apartments for sale in Sydney. Sydney is imposing new taxes on foreigners buying homes amid growing concerns that a flood of mostly Chinese investors is crowding out locals and killing the "Great Australian Dream" of owning property. / AFP PHOTO / WILLIAM WEST / TO GO WITH Australia-China-property-tax,FOCUS by Glenda KWEKThis photo taken on June 17, 2016 shows a man walking past signs advertising apartments for sale in Sydney. Sydney is imposing new taxes on foreigners buying homes amid growing concerns that a flood of mostly Chinese investors is crowding out locals and killing the "Great Australian Dream" of owning property. / AFP PHOTO / WILLIAM WEST / TO GO WITH Australia-China-property-tax,FOCUS by Glenda KWEK
This photo taken on June 17, 2016 shows a man walking past signs advertising apartments for sale in Sydney. Sydney is imposing new taxes on foreigners buying homes amid growing concerns that a flood of mostly Chinese investors is crowding out locals and killing the "Great Australian Dream" of owning property. / AFP PHOTO / WILLIAM WEST / TO GO WITH Australia-China-property-tax,FOCUS by Glenda KWEK

‘The Chinese buyers are already disappearing’: Australia taxes foreigners as home affordability bites

Three state governments slap new property and land taxes on foreign buyers, sparking an outcry from developers

Topic |   Property investment
This photo taken on June 17, 2016 shows a man walking past signs advertising apartments for sale in Sydney. Sydney is imposing new taxes on foreigners buying homes amid growing concerns that a flood of mostly Chinese investors is crowding out locals and killing the "Great Australian Dream" of owning property. / AFP PHOTO / WILLIAM WEST / TO GO WITH Australia-China-property-tax,FOCUS by Glenda KWEKThis photo taken on June 17, 2016 shows a man walking past signs advertising apartments for sale in Sydney. Sydney is imposing new taxes on foreigners buying homes amid growing concerns that a flood of mostly Chinese investors is crowding out locals and killing the "Great Australian Dream" of owning property. / AFP PHOTO / WILLIAM WEST / TO GO WITH Australia-China-property-tax,FOCUS by Glenda KWEK
This photo taken on June 17, 2016 shows a man walking past signs advertising apartments for sale in Sydney. Sydney is imposing new taxes on foreigners buying homes amid growing concerns that a flood of mostly Chinese investors is crowding out locals and killing the "Great Australian Dream" of owning property. / AFP PHOTO / WILLIAM WEST / TO GO WITH Australia-China-property-tax,FOCUS by Glenda KWEK
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