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{{propApi.successMessage}} {{region}} Change locationMore taxes equals less homes
More taxes equals less homes
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“The reduction in the threshold for payroll tax will see more businesses pay this tax, which is a disincentive to expand and employ more people,” said HIA Executive Director for ACT & Southern NSW, Greg Weller.
“The 8% duty on all vehicles over $80,000 will be a real blow to builders and tradies, with typical work vehicles costing more than this threshold.
“Fees that are going up include commercial waste, the building levy, traffic management fees, construction licence fees and vehicle registration. Along with an increase in commercial rates, all of these will add to the cost of housing.
“The Health Services Levy will also be applied to any business that has an office or other premises in Canberra.
“We have concerns that these imposts combined will further encourage builders to relocate across the border.
“Earlier this year HIA released an independent report from the Centre for International Economics (CIE) that demonstrated almost half the cost of a house and land package is taxes, fees and regulatory costs.
“In the ACT the figure is 47%. These changes will not help that equation.
“We would have liked to see more support for business in the 2025/26 budget than this. You will never tax your way to a stronger economy,” concluded Mr Weller.
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