Land tax bills landed for the first time with over 300,000 Victorian investors after the tax free threshold was cut from $300,000 to $50,000, prompting warnings of a further exodus from the Melbourne market. Marshall White sales director John Bongiorno predicted sharp rent increases, while advisers said the impost fell hardest on small holders, many of whom owned a single apartment.
Reported by
James Kirby, Weekly Times Now, 13 Marc
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