Prices tumbling by up to 50%, courts drowning in litigation, inheritances decimated and mortgage markets in turmoil;

The Australian government's new crackdown on "illegal" overseas investors has already started snaring some pretty big fish. Owners of residences in Sydney's exclusive Elizabeth Bay are under scrutiny

To continue to attract investors to our country, we need to offer the prospect of stronger returns than our European counterparts and that’s not going to be achieved by hiking up tax bills, says David…