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How Queensland’s ‘ridiculous’ new housing tax plan imploded

Press coverage 30 September 2022 Summary of published coverage
How Queensland’s ‘ridiculous’ new housing tax plan imploded

Queensland shelved its plan to calculate land tax using investors’ nationwide property holdings after other states refused to share landholding data. Researchers and industry groups had warned the change would drive landlords away and worsen the rental shortage, with PIPA survey findings naming the tax the leading reason investors might sell in the year ahead. PIPA welcomed the reversal and said renters were the main beneficiaries.

Reported by

Shannon Molloy, realestate.com.au, 30 September 2022

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