Page 8 - Danni Hunter News Today

Nick Johnston appointed Victorian Deputy Executive Director The Property Council of Australia has appointed Nick Johnston as the Deputy Executive...

The Real Estate Institute of Victoria (REIV) has welcomed the Liberal Nationals’ commitment to removing a planned stamp duty tax increase, should it win government at the state’s next election in 2022.

Acting Premier James Merlino has announced Victoria will be entering a seven-day lockdown from 11.59pm tonight, Thursday 27 May, until 11.59pm, Thursday...

Mortgage Business Industry groups slam Victoria’s ‘budget repair’ plans By Malavika Santhebennur 24 May 2021 Industry bodies said the Victorian government’s moves to reduce its deficit is “premature”, and warned of the adverse effects of the new taxes on individuals and businesses. CPA Australia has labelled the Victorian governmen...

The Victorian Government has given itself a massive 13 per cent pay rise this year thanks to increased property taxes and new taxes on families, jobs and...

Victoria’s build to rent investment at risk: Greystar Save Share US build-to-rent investor Greystar has warned that land tax increases in Victoria’s budget undo last year’s halving of the tax rate and could drive more than a quarter of its planned $4 billion pipeline north to NSW. Greystar, which earlier this year raised $1.3 billion for a build-to-rent (BTR) fund – the country’s largest to date – that could eventually house more than 5000 dwellings, said the high...

Real estate tax is easy pickings for lazy politicians Property: it’s an easy target for increased taxation at a time when governments face insatiable demand for services but slower growth in the traditional tax bases. Share One of the curious aspects of the Victorian government’s latest property tax proposals is the amount of money Treasurer Tim Pallas estimates the new windfall gains tax will actually raise. The estimation – $40 million a year, according to the government’s release –...

Developers Threaten to Stop Building Over New Victorian Land Taxes A major Melbourne-based property developer is warning it will stop looking for new construction opportunities until the Victorian government releases the details of its plans to raise land and property taxes for the ninth time. Sam Tarascio, managing director at one of Australia’s largest developers, Salta Properties, told The Australian that the company would put the assessment of future developments that involve rezoning on...

Victoria to Become the ‘Most Highly Taxed’ State in Australia: Property Council The Victorian state government is planning to hit homeowners, homebuyers, and investors with additional taxes to tackle its debt in the 2021-22 state budget. The Andrews Labor government said the budget would protect the state’s revenue base with $2.7 billion in austerity measures and a $3.6 billion program to reprioritise government spending. These measures involve raising land tax on properties valued betwee...

Property hit by $2.7b tax austerity plan in Victoria May 16, 2021 – 11.00pm Save Share The property sector is locked in last-minute crisis talks with key Victorian cross-benchers in an effort to block or revise a $2.7 billion property tax slug to be unveiled in Thursday’s state budget. Economists have blasted the Andrews government for doubling down on stamp duty, the country’s worst tax, even after the NSW and Victorian treasurers agreed last year to look at ways to scrap the le...