Overseas investors buying a home here in Australia will have their fees increased three-fold, and their levy for leaving the property empty will be doubled.

The Federal Government hopes the changes will free-up more dwellings for Australians. 

Chief Economist at the Housing Industry Association, Tim Rearden, told Oliver Peterson on 6PR’s Perth Live he didn’t agree with the changes. 

“It is not a good idea to increase fees on foreign investors,” he said.

Press PLAY to hear more about about the governments new changes