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Foreign investment in Victoria fell, with overseas investors now holding nearly 25% of state debt, prompting calls to cut surcharges.
Foreign investment in Victoria has dropped sharply, with overseas investors now holding nearly a quarter of the state’s debt, according to recent data.
Property Council Victoria’s Cath Evans urged the government to cut foreign investor surcharges, citing high taxes as a barrier to housing supply and business attraction.
Despite the decline, a state spokesman emphasized Victoria’s strong business investment growth, pointing to progress in energy, defence, digital tech, and advanced manufacturing projects as evidence of ongoing success in drawing targeted foreign investment and creating jobs.
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La inversión extranjera en Victoria cayó, con inversionistas extranjeros que ahora poseen casi el 25% de la deuda estatal, lo que provocó llamadas para reducir los recargos.