{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationVictorian Windfall Gains Tax to drive up regional house prices
Victorian Windfall Gains Tax to drive up regional house prices
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
It is expected to add as much as $53,000 to the price of a housing lot in some areas of regional Victoria.
HIA is calling on both sides of politics to repeal the Windfall Gains Tax ahead of the state election.
Land prices in regional Victoria already surged by almost $50,000 in the 12 months to March 2022, and around $120,000 over the course of the pandemic. Regional home buyers have also been dealt another blow by the state government after they axed the $10,000 first home buyer bonus for regional buyers.
The Windfall Gains Tax will add further pain for regional home buyers, which will see 50 per cent of any increase in the value of land above $500,000 as a result of rezoning going straight into the government’s coffers.
The timing of this new tax couldn’t be worse. It will come into force as homes built using the recent Federal Government home buyer grants have been completed, and new home construction is declining. Home builders in regional Victoria are already bracing for the slow-down next year but this tax will make it harder to find affordable land to build on.
New home buyers, some of whom have been waiting patiently for more than two years for the market to settle to buy and build their own home, will be faced with rising land costs because of the new tax.
HIA’s Executive Director Victoria, Fiona Nield, said “the Windfall Gains Tax was counter to state government’s aim of growing regions and delivering improved affordability for home buyers.
“The new Windfall Gains Tax will place further upward pressure on the cost of land for new housing in regional Victoria which continues to be in acute short supply,” said Ms Nield.
“Rising land and housing costs will make it much harder for regional areas to attract and retain residents.
“The Windfall Gains Tax is only a windfall for the Victorian Government. For everyday Victorians, it’s a slowing of the state’s economy and a tax on Victorian jobs at the worst possible time.
“The Windfall Gains Tax is simply the wrong tax at the wrong time for Victoria.”
HIA calls for this unfair tax to be repealed.
HIA’s Victorian State Election Policy Imperatives
For more information please contact:
What’s new for workplaces in 2026?
Workplace laws are set for more changes in 2026.
Small business confidence falters in residential building sector
Australia’s residential building industry has entered the new year with confidence still on shaky ground for small businesses as rising costs and policy uncertainty continue to cloud the outlook.
Tasmania’s Building Approvals Dip in November – But Quarterly Growth Shows Signs of Recovery
Tasmania’s housing market slowed in November, with building approvals falling sharply compared to October. Approvals for new homes dropped almost 20 per cent, and even after seasonal adjustment, the decline was 5.8 per cent.
Home building to lift in 2026, but interest rates will determine how far and how fast
Australia’s home building industry is expected to strengthen through 2026, supported by gradually improving building approvals and a recovery in demand, but the pace of growth will ultimately depend on how quickly interest rates can fall further, according to the Housing Industry Association.