As home loan arrears worsen due to the housing slowdown, people will end up defaulting and losing their properties. Even worse impacted are those deemed absentees who may be working overseas on contracts or other assignments, or eking out an existence overseas so as to afford to repay their mortgages as well. There are multiple scenarios.
But the bottom line is: The QLD State Budget 2017 imposed the Land tax & Absentee Surcharge amendments at one of the worst times possible - in the middle of a housing contraction. QLD property values may be holding above water at the moment but that could easily turn.
QLD Labor has created too many disincentives as well for property investments by both foreign investors and Australian expat/&absentee investors
This has the potential to financially ruin many property owners holding mortgages who previous to the budget made significant financial commitments to be posted offshore in employment or otherwise.
The surreptitious unexpected announcement of the changes by Labor gave nobody any forewarning. The timing of QLD Labor was not only extremely short sighted, but rather a greedy cash grab based on lies that their baseless justifications add no merit towards.
As we know the taxes charged well and truly exceed any amount of apparent taxes one would pay if they were not an absentee. 
Link to news articles relating to home loan arrears worsening:
😡xxxdddd
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