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New land tax threatens Victoria’s rental market, network CEO warns

Press coverage 11 July 2023 Summary of published coverage
New land tax threatens Victoria’s rental market, network CEO warns

Stockdale and Leggo chief executive Charlotte Pascoe warned that Victoria’s new land tax was pushing rental property owners to sell, with her agents reporting a sharp lift in enquiries from small-scale investors wanting to exit. She said the loss of rental stock would leave more tenants without housing, and criticised the state’s reliance on build to rent. Victoria had recently been named the country’s worst jurisdiction for renters by PIPA and PICA.

Reported by

Zarah Torrazo, Real Estate Business, 11 July 2023

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