Government & Taxes

Federal Government performance index

Australian Federal Government performance index. The index only encompasses the sentiment of Australian property industry professionals. For further details or more information, click here

State Government performance index

State Government performance index. The index only encompasses the sentiment of Australian property industry professionals.

Source: ANZ/Property Council Survey
Sentiment where 0 is neutral

For further details or more information, click here

Government income from land taxes

Total annual Government income from land taxes, taken from individual State budgets.ource: NSW, VIC, QLD, WA, SA, TAS, ACT & NT State Governments

NSW Budget
VIC Budget
QLD Budget
WA Budget
SA Budget
TAS Budget
ACT Budget
NT Budget

Government income from stamp duty taxes

Total annual Government income from stamp duty taxes, taken from individual State budgets. Source: NSW, VIC, QLD, WA, SA, TAS, ACT & NT State Governments NSW Budget VIC Budget QLD Budget WA Budget SA Budget TAS Budget ACT Budget NT Budget

Committed infrastructure funding from Government

Total level of general government sector investment in infrastructure committed to in each budget year. Source: Infrastructure Partnerships Australia; Australian Infrastructure Budget Monitor For further details or more information, click here

Foreign investment rules for Australian real estate

Summary of the main characteristics of the foreign investment rules for acquisitions of residential and commercial real estate in Australia.

Source: ACIL Allen / FIRB; Benefits of Foreign Investment in Real Estate May 2017

*Only some exemptions are included in this table; for details of all exempt persons and actions, please refer to FIRB’s Guidance Note 4 (Residential Real Estate – Exemptions)
*As defined under subsection 35(1) of the Foreign Acquisitions and Takeovers Regulation 2015
*Except for infrastructure as defined under subsection 31(2) of the Foreign Acquisitions and Takeovers Regulation 2015

For further details or more information, click here

Commercial land tax rates

New South Wales LAND TAX RATES

Aggregate taxable unimproved value of the land	Tax rates
$0 - $1,075,000	Nil
$1,075,000 - $6,571,000	$100 plus 1.6 per cent of land value above $1,075,000, up to $6,571,000
$6,571,000 and over	$88,036 plus 2 per cent of land value above $6,571,000

Aggregate taxable unimproved value of the land	Tax rates
0 - $50,000	Nil
$50,000 - $100,000	$500
$100,000 - $300,000	$975
$300,000 - $600,000	$1,350 plus 0.3% of amount over $300,000
$600,000 - $1,000,000	$2,250 plus 0.6% of amount over $600,000
$1,000,000 - $1,800,000	$4,650 plus 0.9% of amount over $1,000,000
$1,800,000 - $3,000,000	$11,850 plus 1.65% of amount over $1,800,000
$3,000,000 and over	$31,650 plus 2.65% of amount over $3,000,000

Aggregate taxable unimproved value of the land	Tax rates
0 - $599,999	Nil
$600,000 - $999,999	$500 plus 1 cents for each $1 more than $600,000
$1,000,000 - $2,999,999	$4,500 plus 1.65 cents for each $1 more than $1,000,000
$3,000,000-$4,999,999	$37,500 plus 1.25 cents for each $1 more than $3,000,000
$5,000,000-$9,999,999	$62,500 plus 1.75 cents for each $1 more than $5,000,000
$10,000,000 and more	$150,000 plus 2.25 cents for each $1 more than $10,000,000

Aggregate taxable unimproved value of the land	Tax rates
$0 - $732,000	Nil
$732,000 - $1,176,000	$0.5 for every $100 or part of $100 above $732,000
$1,176,000 - $1,711,000	$2,200 plus $1 for every $100 or part of $100 above $1,176,000
$1,711,000 - $2,738,000	$7,570 plus $2 for every $100 or part of $100 above $1,711,000
Exceeds $2,738,000	$28,110 plus $2.40 for every $100 or part of $100 above $2,738,000

Aggregate taxable unimproved value of the land	Tax rates
0 - $300, 000	Nil
$300,000 - $420,000	$300
$420,000 - $1,000,000	$300 plus 0.25 cents for every $1 over $420,000
$1,000,000 - $1,800,000	$1,750 plus 0.9 cents for every $1 over $1,000,000
$1,800,000 - $5,000,000	$8,950 plus 1.8 cents for every $1 over $1,800,000
$5,000,000 - $11,000,000	$66,550 plus 2.0 cents for every $1 over $5,000,000
$11,000,000 and over	$186,550 plus 2.67 cents for every $1 over $11,000,000

Aggregate taxable unimproved value of the land	Tax rates
$0 - $124,999.99	Nil
$125,000 - $499,999.99	$50 plus 0.45% of value above $125,000
$500,000 and above	$1,737.50 plus 1.% of value above $500,000

Source: Office of State Revenue (NSW) / State Revenue Office (VIC) / WA Department of Finance / QLD Government / Revenue SA / State Revenue Office (TAS) / ACT Revenue Office Land Tax 2021

New South Wales LAND TAX RATES

VICTORIA LAND TAX RATES

QUEENSLAND LAND TAX RATES

SOUTH AUSTRALIA LAND TAX RATES

WESTERN AUSTRALIA LAND TAX RATES

TASMANIA LAND TAX RATES

NORTHERN TERRITORY DOES NOT HAVE LAND TAX

AUSTRALIAN CAPITAL Territory DOES NOT HAVE LAND TAX

Subscribe now

Membership

Advocacy

Events & Learning

News & Research

Our Divisions

About Us

Property Council of Australia

Get in touch

Make your voice heard