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Tax rise ‘last nail in the coffin’: agent

Press coverage 4 March 2024 Summary of published coverage
Tax rise ‘last nail in the coffin’: agent

A Werribee property manager said she had lost 52 investor clients since Victoria’s 2023 budget levies, which cut the land tax threshold to $50,000 and were forecast to raise $4.74 billion. CoreLogic’s Tim Lawless said investors took 31.7 per cent of new Victorian mortgages in December, below the national average, and PIPA director Richard Crabb cited survey findings ranking Victoria least attractive for investors.

Reported by

Gus McGubbing, Australian Financial Review, 4 Marc

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