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House price growth in Australia is set to slow in the second half of the year; however, it’s unlikely to bring about the long-dreaded housing crash, according to National Australia Bank’s (NAB) economics team.
Foreign owners of investment property in Queensland will be slammed with a 1.5% land tax surcharge on assets with a value of $350,000 or more. The state government is seeking additional revenue in order to maintain a wafer-thin operating fiscal surplus.
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