Housing affordability tax updateOn Monday 11 May the Property Council, the RDC and the UDIA met with the Victorian Treasurer to discuss the recently announced changes to Victorian stamp duty and land tax (The State Taxation Acts Amendment Bill).　The meeting was fruitful with the Treasurer leaving the door open for ‘carve outs’ for developers unfairly caught up in the Bill’s unintentional side effects.　A follow up meeting has been secured which will focus on amendments to the Bill and it’s relevant guidance notes. Additional information will also be provided to illustrate the domestic implications for housing affordability and supply.　The Property Council is presently seeking meetings with Victoria’s non-government parties to highlight our position as well.
Home Property Australia Housing affordability tax update