A Victorian plan to raise $800 million a year from new housing developments to fund the creation of much-needed social housing stock will hit first-time buyers and not the wealthier wider population who could more easily afford the crucial infrastructure, developers say.
“It is a straight tax on new home buyers,” said UDIA Victorian president Tom Trevaskis, who estimated it would add $10,000-$11,000 to the cost of a $500,000-$600,000 house-and-land package. “It will be passed through to the home buyer.” “We hear a lot from the government on their concerns in relation to affordability of housing but what we’ve seen recently – and this is yet another one – is consistently increasing taxes on housing, making them less affordable,” Mr Tarascio said.
just a baseless gripe $800 on a land costing $400k is peanut
The govt should sell public housing in waterfront properties ie Manly Milsons Point etc and reinvest the sale proceeds into more homes in less expensive suburbs This would increase the amount of public housing considerably by better managing their existing properties
Have a sook (and yes it is BS)