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Australia FIRB fee likely to weigh on home prices and property investment

Analysts said the investment fee hike by Australia for foreigners may be untimely considering the heightened risks of inflation,  global recession and declining home prices in the country. Canberra doubled the Foreign Investment Review Board (FIRB) application fees on Friday last week, with the maximum set at A$1.045 million (US$730,000) for deals worth more than A$2…

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Migration is part of a complex chess game in construction, housing

Juwai IQI’s Group Managing Director, Daniel Ho, pointed to the observation of Infrastructure Australia, which says the demand for builders is 48 per cent higher than supply. “Australia needs more training programs to develop workers locally and it needs more migrants to fill the gaps,” Mr Ho told Australian Property Investor Magazine. “When it comes to the…

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Hong Kong peak exodus

Hong Kong hitting ‘peak exodus’. Experts say UK, Canada, and Australia winners of Hong Kong’s loss

Hong Kong's "peak exodus' has led to an influx of Hong Kong citizens flooding real-estate markets across the UK, Canada, and Australia. Besides, according to Knight Frank's The Wealth Report 2022, the top three locations Hong Kongers are hoping to purchase homes are the UK, Canada, and Australia. Derek Tse, business development manager of the…

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