I live across 2 continents (work in Australia, but call NYC home).

Between stamp duty and capital gains tax here in Australia it destroys property liquidity and that makes it actually harder for people to get into the housing market - be they young (first home), upsizing (growing families) or down sizing (elderly).You need to not impede volume and liquidity, we’re living the other side.

When I graduated college, I traveled to Australia and Thailand for a year and may wished I would have traveled before going to school.

@Lorin K.Although Vancouver is ranked third least affordable in this year's Demographia report; yielding second place to Sidney, Australia, its median multiple {housing price to income ratio} rose from 10.6 to 10.8 meaning things became even less affordable.While foreign investment is a big driver in the frothy Vancouver housing market, it's not the only factor at play.On a national level , Canada held onto the dubious honour of being second on the list of countries where housing is least affordable - the median market remained flat nationally, but improved slightly when just the major metropolitan centres are considered.Toronto - Canada's second most foamy market - saw its median multiple rise from 6.5 to 6.7 - ranking it 330th out of 367 cities in order of decreasing affordability.

Hi I am a new member and late beginner from the Sunshine Coast in Queensland Australia with no real estate experience but keen to learn.

I do know that capital is flowing out of China and bidding up markets like Australia, so there might be a reason.Would be interested to know what you see happening there.

When it closed, I won salesperson of the year, getting a “big” bonus and a trip to Australia.