{"id":10942,"date":"2018-01-11T11:48:23","date_gmt":"2018-01-10T22:48:23","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=10942"},"modified":"2018-01-11T11:48:23","modified_gmt":"2018-01-10T22:48:23","slug":"tax-changes-drive-chinese-property-hunters-away-australia","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/tax-changes-drive-chinese-property-hunters-away-australia\/","title":{"rendered":"Tax changes to drive Chinese property hunters away from Australia"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Recently stamp duty in NSW jumped from four to eight percent, while land tax surcharges surged from 0.75 percent to two percent. (AAP)<\/strong><\/p>\n<p data-reactid=\"52\">Chinese demand for Australian residential real estate is expected to take a hit, once new state and federal tax amendments come into effect.<\/p>\n<p data-reactid=\"53\">Investment bank UBS said that while 78 percent of all property transactions by overseas Chinese buyers took place within the past five years, interest has already &#8220;started to fade over the past six months&#8221;,\u00a0<a href=\"http:\/\/www.theaustralian.com.au\/business\/property\/chinese-property-demand-to-ease-ubs\/news-story\/5491e90a58fce2b039ac3800d068befc\" data-tracking-initialized=\"true\"><em>The Australian<\/em>\u00a0reports<\/a>.<\/p>\n<p data-reactid=\"53\">READ MORE VIA <a href=\"https:\/\/www.9news.com.au\/national\/2018\/01\/10\/08\/14\/tax-changes-to-drive-chinese-property-hunters-away-from-australia\">9 NEWS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Recently stamp duty in NSW jumped from four to<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/tax-changes-drive-chinese-property-hunters-away-australia\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":10943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098883,478098726,478098562,478098519,478098535,478098513,478098579,478098510,478098514,478098511,478098509,478098741,478098855,478098882],"class_list":["entry","author-data123nz","post-10942","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-capital-gains-tax-exemptions","tag-chinese-buyers","tag-foreign-buyers","tag-home-ownership","tag-house-prices","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-residential-real-estate","tag-stamp-duty","tag-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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