The state government has left the door open to a major housing affordability overhaul that would give home buyers the option of paying an ongoing land tax to avoid the upfront pain inflicted by stamp ...
It comes as industry data shows there are fewer than 7000 unbuilt homes being marketed for sale across Melbourne today, and the absolute maximum it could increase sales by is 32,000. This would leave ...
In short: A parliamentary inquiry has recommended replacing stamp duty with a broad-based land tax to improve housing affordability What's next? The government is not bound by the recommendation, but ...
The Victorian government’s plans to increase stamp duty on properties that sell for more than $2 million are likely to have a “ripple effect” on the rest of the property market because buyers will ...
Melbourne property experts are warning home-buyers against taking advantage of new stamp-duty discounts on unsold inner-city apartments unless the aim is to find a “city bolthole for their own use” ...
Stamp duty is so lucrative to Victoria, scrapping it would blow a hole in the state’s already perilous budget, Treasurer Tim Pallas says. As he gears up to hand down his 10th budget, Tim Pallas has ...
Victorian Premier Jacinta Allan says she will not budge and consider introducing stamp duty reforms despite new findings that the state’s home buyers are being hit hardest by a form of property tax ...
Real Estate Institute of Victoria president Jacob Caine has welcomed flagged changes to the deeply unpopular tax, saying it will help to fix the state’s housing crisis. Senior government sources this ...