HIA Victoria welcomes land tax proposals but urges broader action
HIA Victoria has acknowledged proposals from political parties to gradually lift Victoria's land tax threshold after the next election. It says easing land tax would give some relief to homeowners and investors, but wants broader action.
Will Victoria's proposed land tax threshold increase help the housing and building industry?
Builders and carpenters in Victoria may see more housing investment and construction demand if land tax eases. The article gives limited detail, so the effect on work volumes is uncertain.
Key takeaways
- HIA Victoria acknowledges party proposals to lift Victoria's land tax threshold.
- The proposed increases would be gradual and start after the next election.
- Easing land tax would give some relief to homeowners and investors.
- HIA Victoria is urging broader action beyond land tax changes.
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