Foreigners could pay more for housing in NSW

Foreigners could be made to pay more if they want to purchase property in New South Wales. The NSW government is considering charging foreign investors more tax to buy property in a bid to tackle the ongoing housing crisis. Treasurer Daniel Mookhey said the plan could help add to the state's housing supply. Mr Mookhey declared that money from overseas investors should be directed to assisting in the construction of new homes. NSW currently charges an extra eight per cent to foreigners looking to buy property across the state.