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Victorian property investors face yet another new property tax as council tests levy

Press coverage 17 April 2024 Summary of published coverage
Victorian property investors face yet another new property tax as council tests levy

Mornington Peninsula Shire proposed a levy on new developments, set at 3.3 per cent and directed to social housing, estimated to add about $35,000 to the average new home and would require Victorian government approval. PIPA director Cate Bakos criticised the proposal as unexpected and lacking consultation, arguing that social housing should not be funded by a narrow group of property owners.

Reported by

James Kirby, Cairns Post, 17 April 2024

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