Research shows Victorians will pay the highest rate of property tax in the country
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I think land tax is better than stamp duty. It encourages people to not have more land than they need. Whereas stamp duty discourages people from moving/downsizing.
The article sounds as if it’s just reporting the facts to me. There’s one comment from the opposition and one response from the Labor govt. The rest of the article is explaining what’s going on and why Vic rates are the way they are.
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The annual charge will apply to investment properties and holiday homes, not the family home.
So for me owning one home (family home) this won’t apply.
Or am I missing something in there?
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Which sort of throws the opposition argument of ‘higher housing costs for families’ out the window.
Thanks for clearing it up.
I’m not a fan of more taxes, but this seems reasonable.
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I think what you’re missing is the ability to be clickbaited into panicked outrage
ABC really buried the lede on this one:
“Using the latest ABS data on overall tax, Victoria remains the second-lowest revenue state in the nation.”
High levels of infrastructure spending = eventually, high levels of tax. A “big build” is not a “free build”.
And infrastructure spending is almost certainly needed, so that isn’t much of a point to argue on either. What the opposition should be asking is whether the right infrastructure is being built, as that will ultimately determine whether we get an improved standard of living out of it rather than just a big tax bill.
