Victorian owners and buyers were told to expect an unusually demanding 2024 as land tax changes, a gas connection ban, new construction code requirements and short stay levies all took effect. Industry figures warned the combined cost increases would push more investors out of the state, with PIPA noting that roughly a quarter of the state’s landlords had offloaded a Melbourne rental over the year to August.
Reported by
Nathan Mawby, The Courier Mail, 14 January 2023
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