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{{propApi.successMessage}} {{region}} Change locationSuburban Rail Loop taxes will stop new home developments
Suburban Rail Loop taxes will stop new home developments
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“These so-called value capture mechanisms to fund the Suburban Rail Loop project – will only achieve one thing – lock more young families out of housing.
“It is already too difficult for many multi-unit building projects to be financially feasible in Melbourne and increasing taxes only adds to this problem. This does nothing to help address concerns that it is too risky to invest in Victoria.
“The decision to expect taxes on home building to pay for a third of the cost of the Suburban Rail Loop is even more concerning. In Victoria infrastructure projects are increasingly expensive and often subject to delay. The government’s unwillingness to challenge industrial relations problems only aggravate this problem.
“If the one third principle holds, those who wish to build more homes near the Suburban Rail Loop can only expect to be asked to pay additional taxes as the cost of these project increases.
“The Victorian government cannot build more homes by increasing taxes and it must reconsider its approach of expecting the home building industry to pay for infrastructure when the government cannot control the costs,” concluded Mr Ryan.
NSW takes first step toward unwinding housing's worst own goal
“The NSW Government has taken an important step toward improving housing supply. Other states should now follow its lead and remove foreign investor taxes that discourage the construction of new homes,” said HIA Chief Economist Tim Reardon.
Infrastructure and housing key to unlocking Hunter and Central Coast growth
Housing Industry Association (HIA) Industry Outlook Breakfast in Newcastle and Gosford have highlighted the critical role of infrastructure, planning reform and industry support in addressing housing supply challenges across the Hunter and Central Coast regions.
Regional housing must be a priority in the 2026 Victorian election
The Housing Industry Association (HIA) is calling on all political parties contesting the November State election to make regional housing a priority, placing regional communities and their growing populations front and centre of their pre-election policy commitments.
The NSW Budget builds on existing housing supply reforms
“HIA welcomes the initiatives to support new housing announced by the Treasurer as part of today’s NSW State Budget,” said Brad Armitage HIA NSW Executive Director.