Labor’s Absentee Owner Surcharge ‘cut’ won’t deliver affordable housing
The HIA says the Victorian Labor government's announced cut to the Absentee Owner Surcharge, limited to its preferred projects, won't deliver affordable housing. The article gives only the HIA's initial acknowledgement of the announcement.
Will the Victorian Absentee Owner Surcharge cut make housing more affordable?
Victorian builders and developers may see the surcharge relief apply only to selected projects. That could affect which developments get investor backing and how much work is available.
Key takeaways
- The Victorian Labor government has announced a cut to the Absentee Owner Surcharge.
- The cut applies only to the government's preferred projects, not all developments.
- The HIA says the change won't deliver affordable housing.
- The Absentee Owner Surcharge is a Victorian tax on foreign and absentee property owners.
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