Foreign buyers pay for 40% of new Melbourne apartments

By Ben Schneiders and Royce Millar
Updated August 16 2017 - 1:08pm, first published August 15 2017 - 12:35pm
Building under cunstruction at Swanston Central, address 168 Victoria St, Carlton, Melbourne. August 14th 2017. Photo: Daniel Pockett
Building under cunstruction at Swanston Central, address 168 Victoria St, Carlton, Melbourne. August 14th 2017. Photo: Daniel Pockett
Building under cunstruction at Swanston Central, address 168 Victoria St, Carlton, Melbourne. August 14th 2017. Photo: Daniel Pockett
Building under cunstruction at Swanston Central, address 168 Victoria St, Carlton, Melbourne. August 14th 2017. Photo: Daniel Pockett
Building under cunstruction at Aurora Melbourne Central, address 224 La Trobe St, Melbourne. August 14th 2017. Photo: Daniel Pockett
Building under cunstruction at Aurora Melbourne Central, address 224 La Trobe St, Melbourne. August 14th 2017. Photo: Daniel Pockett

Foreign purchasers are buying as much as 40 per cent of all new apartments in Melbourne, with new figures showing a surge in a tax raised from offshore investment.

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