{{ propApi.searchIcon }}
{{ propApi.closeIcon }}
Our industry
Our industry $vuetify.icons.faArrowRight
Housing industry insights Economics Insights Data & forecasts Tailored research & analysis Advocacy & policy Advocacy Policy priorities Position statements Submissions News & inspiration Industry news Member alerts Media releases HOUSING Online
Business support
Business support $vuetify.icons.faArrowRight
For your business Contracts Online Safety systems & solutions Advertise jobs HIA SafeScan Member perks Toyota vehicles The Good Guys Commercial Ampol fuel savings See all Industry insurance HIA Insurance Services Construction works insurance Home warranty insurance Tradies & tool insurance Apprentices Why host a HIA apprentice? Hire an apprentice Support & guidance Contracts & compliance support Building & planning services
Resources & advice
Resources & advice $vuetify.icons.faArrowRight
Building it right Building codes National Construction Code Australian standards Getting it right on site See all Building materials & products Concrete, bricks & walls Getting products approved Use the right products for the job See all Managing your business Dealing with contracts Handling disputes Managing your employees See all Managing your safety Safety rules Working with silica See all Building your business Growing your business Communication for your business See all Other subjects Getting approval to build Sustainable homes See all
Careers & learning
Careers & learning $vuetify.icons.faArrowRight
A rewarding career Become an apprentice Apprenticeships on offer How do I apply? Frequently asked questions Study with us Find a course to suit you Qualification courses Learning on demand Professional development courses A job in the industry Get your builder's licence Continuing Professional Development (CPD) Further your career
HIA community
HIA community $vuetify.icons.faArrowRight
Join HIA Sign me up How do I become a member? What's in it for me? Mates rates Our podcasts Made To Build Built Different HIA Building Australia Building the Hunter Our initiatives HIA Building Women GreenSmart Kitchen, bathroom & design hub Get involved Become an award judge Join a committee Partner with us Support for you Charitable Foundation Mental health program Get to know us Our members Our people
Awards & events
Awards & events $vuetify.icons.faArrowRight
Awards Awards program People & Business Awards GreenSmart Australian Housing Awards Awards winners Regional Award winners Australian Housing Award winners 2025 Australian Home of the Year Enter online Industry events Events in the next month Economic outlook National Conference Events calendar
HIA shop
HIA shop $vuetify.icons.faArrowRight
Most popular products National Construction Code Vol 1 & 2 Waterproofing wet areas AS 3740:2021 HIA Guide to Waterproofing HIA Guide to NCC Livable Housing Provisions Top categories Building codes & standards Contracts & documents Guides & manuals Safety products Signage For your business Contracts Online Digital Australian Standards Digital Resource Library Forecasts & data
About Contact Newsroom
$vuetify.icons.faTimes
$vuetify.icons.faMapMarker Set my location Use the field below to update your location
Address
Change location
{{propApi.title}}
{{propApi.text}} {{region}} Change location
{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location

$vuetify.icons.faPhone1300 650 620

Residential property taxes need overhaul to unlock housing supply (ACT)

Media release

Residential property taxes need overhaul to unlock housing supply (ACT)

Media release
“The 2024/25 ACT budget has continued the phase out of stamp duty that HIA has long called for, however, the budget papers show that this is happening nowhere near quick enough considering the additional land tax and rates being collected.

“The housing industry has been a strong supporter of the ACT Government’s plan to phase out stamp duty and replace with more predictable and efficient taxes,” said Greg Weller, HIA Executive Director ACT/Sthn NSW.

“Stamp duty discourages people from moving for employment, is a disincentive to downsize and make better use of existing housing stock and is an impediment to home ownership.

“However, the increases in general rates and land tax over the forward estimates far outstrip the corresponding reduction in stamp duty.

“The ACT Government forecasts to collect $258 million more in 2027/28 in revenue from general rates and land tax compared to 2023/24. However, stamp duty is only forecast to fall by $30 million over this period.

“The other tax that must go is the new dwelling killer, the Lease Variation Charge (LVC) tax.

“This housing tax is the most commonly cited reason that the feasibility of projects won’t stack up – particularly for the failing dual occupancy reform in RZ1 and for ‘missing middle’ low rise multi-residential dwellings. 

“But in aggregate, it actually doesn’t bring a lot to the table at budget time.

“It is an incredibly inefficient tax, as it puts upwards of $50,000 on new homes yet it only brings in around 3.2% of total property taxes. If the ACT Government really wanted to kickstart housing, it could wipe out both these taxes in the next four years and still be revenue neutral as it has promised this reform would be.

“Ahead of this year’s ACT election, parties and candidates need to put these taxes under the microscope if they are serious on addressing housing affordability and increasing housing supply in the Territory,” concluded Mr Weller. 

For more information please contact:

Greg Weller

Executive Director – Corporate Affairs
Latest articles
View all news $vuetify.icons.faArrowRight
17 Apr
Housing Industry Association National Policy Congress Communique

The Housing Industry Association’s (HIA) National Policy Congress (NPC) met on the Gold Coast on 16 April 2026 for its annual meeting. The NPC comprises elected representatives from regions across Australia, together with the Chairs of HIA’s eight specialist committees.

16 Apr
HIA recognises long standing member with prestigious industry award

The Housing Industry Association (HIA) has honoured one of its most respected and long‑standing members, Graham Walker, as the 2026 recipient of the Sir Phillip Lynch Award of Excellence – acknowledging decades of outstanding service to both HIA and the broader residential building industry.

15 Apr
Victorian government announces new Cabinet

The Victorian Premier, Jacinta Allan, has today announced a new Cabinet following the announcement earlier this week that several long-time MPs will retire from the Ministry and the Parliament at the end of the year.

15 Apr
New Victorian Building Minister must delay building code changes

The Housing Industry Association (HIA) congratulates Nick Staikos on his appointment as the new Victorian Minister for Housing and Building and suggests he gets an early win on the board by immediately announcing a delay to the implementation of National Construction Code (NCC) changes due to commence on 1 May 2026.