Blackstone’s McCarthy Sees Australia Taxes Crimping Housing Bets

Blackstone Inc. would love to do more in Australia’s housing market, but factors like high taxes are holding the investment giant back.

“You want capital to be able to flow freely in,” Kathleen McCarthy, co-head of the global real estate business, said at the Asia Pacific Financial and Innovation Symposium in Melbourne on Tuesday. “Government I think has a role in taking a look at and saying what are we doing to make it harder to build and attract capital to the sector.”