The Property Council of Australia has welcomed the decision from the Queensland Government to set aside plans to implement the land tax adjustment referred to as the ‘Interstate Land Tax Model’.
Acting NSW Executive Director Adina Cirson said there had been mounting pressure on the Queensland Government in both local and national media, particularly as other State Governments had publicly voiced their refusal to share data with Queensland.
“This is a significant win for NSW residents who faced the possibility of facing double land taxes across the border.” Ms Cirson said.
“The Property Council welcomes this announcement as recognition Government has listened to industry’s concerns regarding both the implementation of the tax and its flow on effects on the market.
“Make no mistake NSW residents pay their fair share of land taxes.
“This outcome represents a significant win for both investors and renters and is an acknowledgment of the current housing crisis – and that we all need to be working together to solve this very wicked problem, not making it worse.”
Media contact: Aidan Green | E [email protected]