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We all love scapegoats. In the 1980s it was the Japanese, the newspapers were full of stories about how they were supposedly driving up gold Coast prices. This wasn't entirely true - the Japanese buyers were mainly into commercial property and this did not harm ordinary Aussie battlers. Now...

We are a developed and mature nation. Foreigners (including Aussies) are allowed to buy property in developed countries like the UK, the USA and Japan. It's childish to refuse good money, be it foreign or otherwise, that wants to come here? That's plain dumb. By all means, tax foreigners...