Find a QPIA® adviser Join PIPA

Home › Newsroom › Press coverage

Victoria property tax could hurt both investors and renters

Press coverage 25 May 2023 Summary of published coverage
Victoria property tax could hurt both investors and renters

Victoria’s 2023 budget introduced temporary land tax increases on investment properties and second homes to help repay $31.5 billion in pandemic borrowing, with the threshold dropping to $50,000 from January 2024. PICA chair Ben Kingsley said ordinary owners were being asked to cover government mismanagement, and PIPA chair Nicola McDougall predicted an investor exodus. Premier Daniel Andrews rejected suggestions the measure would further reduce rental supply.

Reported by

Harry O’Sullivan, Savings.com.au, 24 May 2023

Read the original article

PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.

From the association

Our digital PIPA Adviser Magazine

PIPA runs its own annual survey of property investors and publishes the results in full. It is the evidence behind most of what you have just read.

Tell us where to send it and you will have the Investor Sentiment Survey now, and the next one when it is published. Unsubscribe in one click.

Send me the Investor Sentiment Survey

More from the newsroom

Browse the full newsroom

Raise the standard, or find someone who already has.

Join PIPA to be held to a professional standard your clients can verify. Or tell the PIPA team what you need and be matched with an accredited adviser.

Join PIPA Find a QPIA® adviser