Housing becomes more and more of a shitcoin as time passes…unbelievable.

So, currently in Australia here are all the people wetting their beaks on a property sale life cycle:

- Australian Tax Office (ATO) [Capital Gains Tax]

- The Bank (Home loans + interest + fees)

- Conveyancers

- Lawyers / Solicitors

- Buyers Agents

- State Government (Stamp Duty + Land Tax)

- Real Estate Agent listing fee and sales commission + advertising fees

- Property Valuers

- Local Council (Property Rates)

- Builders (Building inspection)

- Pest inspectors

- Utility providers and ISP’s

There’s no easy to find data on how big of a problem foreign residents not paying CGT is. There’s lots wrong with the Aus property market, but this is a minor annoyance with possible benefit for govt revenue. I know your opinions on tax in general though 😉. I do think of all taxes, one on foreign speculation in the Aussie property market is pretty reasonable.