Suffer in your jocks! Australian class action with shades of 'The Castle' targets NZ property buyers

This is going straight to the courtroom, Kiwis, according to litigation funder CASL. (Image: NMZE)

Tue, 08 Oct 2024

Buyers from New Zealand charged tens of thousands of dollars in Queensland property taxes may have a claim to repayment as lawyers explore a class action against the Australian state's government.Litigation funder CASL is challenging Queensland’s additional foreign acquirer duty (AFAD), which slaps an extra 7% stamp duty on property purchases by foreign buyers.Brisbane’s median house price of more than A$880,000 (NZ$970,000) suggests a recent buyer could be due more than A$60,000 in over-taxation, with more if the action also su...

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