{{ 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
Grow with us Sign me up Become a member Member benefits Mates rates Our podcasts Made To Build Built Different HIA Building Australia Building the Hunter Our initiatives HIA Building Women Charitable Foundation GreenSmart Kitchen, bathroom & design hub Get involved Become an award judge Join a committee Meet our members Partner with us
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 2026 Australian Home of the Year 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
22 May
Missing Middle planning reforms progress but tax settings still threaten delivery

The Housing Industry Association (HIA) has welcomed the ACT Government’s decision to progress the Missing Middle Housing reforms. This is a critical step toward increasing housing supply and improving housing choice across Canberra.

22 May
Update The Federal budget and Housing Supply

The Federal Budget 2026 introduces the most significant structural changes to housing taxation in decades. As the implications of the Budget became a little clearer this week, HIA’s Chief Economist, Tim Reardon and I have put together this summary

22 May
Review of Australia's Mutual Recognition Schemes for Workers

HIA responded to the Consultation Paper on the Review of Australia’s Mutual Recognition Schemes for Workers which details the Council’s interim findings on barriers to a single national market for workers supported by the mutual recognition framework and triggers the second round of consultation associated with the review.

21 May
Matter: MS2026/1 – one month review of the Road Transport Contractual Chain Supply Order

HIA provided this further submission to inform the Expert Panel’s first review of the Road Transport Contracting Chain Order made on 28 April 2026.