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{{propApi.successMessage}} {{region}} Change locationPeak body backs dumping of social housing tax
Peak body backs dumping of social housing tax
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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.”
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Detached house approvals picking up
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State Budget is a missed opportunity to stimulate housing
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
HIA supports bipartisan approach to planning reform NSW
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.