Image

Government PAYS Chinese Buyers With Taxpayer Money To Purchase Australian Homes

Wealthy foreign buyers will be gifted $50,000 of taxpayer money to purchase new homes in Australia.


Wealthy foreign buyers will be gifted $50,000 of taxpayer money to purchase new homes in Australia.

Senator Pauline Hanson noted on Facebook last week that there are reports “Chinese buyers are being lured back to the Australian property market by generous government rebates of up to $50,000 on a new home, with calls to extend the incentive schemes past their expiry dates next year.”

The One Nation leader cited a news article that claimed: “Western Australia currently has the most generous incentives available to non-citizens, with a 75 per cent rebate on the foreign buyer duty for off-the-plan purchases, capped at $50,000.”

Senator Hanson went on to say: “In a time when so many Aussies are doing it tough and struggling to rent let alone buy a new home, it beggars belief that our state governments could be so quick to hand over your taxes to wealthy overseas buyers.”

Caldron Pool writer Rod Lampard called the incentive insane, saying: “It might boost rental availability, which is currently low, especially in the COVID economy, but it pushes up housing prices. That means people are stuck renting for longer.

Lampard went on to say governments are “selling out homeownership for Australians in favour of a quick fix for the rental market that will only benefit foreigners, greedy real estates, tycoon socialists, and the bureaucratic caste.

“I feel for those who come from where I came from. For many of them, government-housing will be a lifetime, not a temporary pause in order to step up.”

The Caldron Pool Show

The Caldron Pool Show: #12 – Jordan Schachtel
The Caldron Pool Show: #3 – Andrew Bogut
The Caldron Pool Show: #34 What is Christian Nationalism? (with Doug Wilson)
The Caldron Pool Show: #38 – The Procedure (with Kevin Sorbo and Laura Klassen)
Image

Support

If you value our work and would like to support us, you can do so by visiting our support page. Can’t find what you’re looking for? Visit our search page.

Copyright © 2023, Caldron Pool

Permissions

Everything published at Caldron Pool is protected by copyright and cannot be used and/or duplicated without prior written permission. Links and excerpts with full attribution are permitted. Published articles represent the opinions of the author and may not reflect the views of all contributors at Caldron Pool.