Australia officially implements a property vacancy tax policy. The Australian Federal Parliament has adopted a vacant tax policy for overseas buyers. The New Deal stipulates that Australian homes owned by overseas buyers will be subject to a vacant tax on their homes if they have been unoccupied for more than six months in a year and have not been rented out. The purpose is to further improve the difficulty of renting houses and higher rents for Australians, and to encourage overseas owners to rent out their properties to ease the tight supply of the current property market.