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Australia FIRB fee likely to weigh on home prices and property investment

Analysts said the investment fee hike by Australia for foreigners may be untimely considering the heightened risks of inflation,  global recession and declining home prices in the country. Canberra doubled the Foreign Investment Review Board (FIRB) application fees on Friday last week, with the maximum set at A$1.045 million (US$730,000) for deals worth more than A$2…

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