With more Australian states jumping on the higher taxes for foreign purchasers bandwagon, it is interesting to compare some of the conditions imposed by other countries to curtail foreign investors. 

We are seeing the increased transaction costs are starting to take effect and the pipeline of foreign purchasers has slowed. But this may be as much to do with current lending practices for offshore investors and the currency restrictions in China than the additional taxes being collected by the States. 

It's still a risk that some States Governments are prepared to take - throwing their competitive advantage out the window to capture what could be a dwindling additional amount of stamp duty from Foreign Buyers at this stage of the cycle.