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While all states have recorded dramatic increases in stamp duty, Victoria, in particular Melbourne, is an outlier with an increase of over 6 times.
Australian house prices surged by 10 percent across combined capitals as of Jan. 31.
According to experts, a range of factors including government policies, mortgages rates, and leasehold may have weakened the flats market in recent years.
After spending US$23 million to purchase an American landholding, Alibaba chairman Jack Ma is reported to have spent US$193 million last week, on a luxury house at 22 Barker Road, Hong Kong’s exclusive Victoria Peak area, this is Ma’s 2nd house in Hong Kong.
