The Tax Take: Encouraging Global Investment in Australia

Talking Property with CBRE

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19d ago 22:32

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In this episode of Talking Property, we delve into the Mandala Report, a pivotal study examining the impact of taxation on global investment into the Australian property market.

Joined by Torie Brown, Capital Markets Executive Director at the Property Council of Australia, and Pete Menegazzo, CEO and President of the Property Council's Capital Markets Divisional Council, the discussion highlights the significant effects of foreign investor surcharges in Victoria and Queensland.

Key takeaways include:

Foreign investment in Melbourne fell 53% after Victoria doubled its surcharge.
Queensland’s investment has flatlined despite strong fundamentals.
Frequent tax changes create sovereign risk, eroding investor confidence and liquidity.
Removing surcharges could unlock $8.1B in new investment, $3.6B GDP growth, and 8,400 jobs nationally.
Brisbane could become Australia’s second property gateway market if it reforms taxes before Victoria.

Tune in to understand the broader implications for Australia's property sector and the role of international capital in shaping the nation's economic future.

You can read more about the Mandala report here (this is available only to Property Council of Australia members until November 25 and will then be available to everyone).

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