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“Victorian home buyers already pay a range of taxes when they buy a new home, contributing half of Victoria’s tax revenue now.
“In Melbourne 38% of the cost of building a new home is made up of taxes, fees and charges. This new tax would have seen land and house prices being pushed further out of reach of new home buyers.
“It was bad policy that likely would have seen young Victorians join an ever-growing queue for social housing, rather than helping them.
“The fact this tax was announced and then abandoned within 10 days demonstrates that this Government has no clear strategy or policy on housing affordability.
“The Government is also proposing a Windfall Gains Tax which could see new home buyers in regional Victoria having to pay up to $53,000 extra. This is only a windfall for the Victorian Government and will significantly increase the cost of new homes in Victoria.
“We would urge the State Government to take a deep breath, step back and consult with those Victorians who are most impacted by additional taxes on housing and the higher prices this generates.”
“The Housing Industry Association (HIA) welcomes the Super for Housing Interim report released by the Senate Economics Committee. The report makes important recommendations that could help more young Australians secure a deposit faster and get into home ownership,” HIA Managing Director Jocelyn Martin said today.
“The volume of apartments commencing construction will need to double to achieve the Government’s target of 1.2 million homes over the next five years. Unfortunately, due to ongoing capacity constraints will apartment commencements remain at exceptionally low levels for at least another year,” stated HIA Chief Economist, Tim Reardon.
Construction Site Supervisors have critical responsibilities and duties for Work Health and Safety (WHS). SafeWork NSW is offering free online workshops to help supervisors better understand how to manage WHS in the building and construction industry, particularly in the residential apartment (Class 2) building sector.
This week, Budget announcements from federal and some state and territory governments have taken centre stage.