‘Messy’ Queensland land tax rule to hit landlords hard

Queenslanders who own an investment property in the state and a holiday home elsewhere in the country are also facing a massive tax hit.

Demand for Queensland property could plummet as a result of the land tax reform according to experts. The new law will have no impact on investors who own land in Queensland only, however, those who own investment properties elsewhere in Australia will pay more tax in the state. “If you’re currently under the threshold in Queensland and you hold another property outside the state, which is also exempted from land tax, the aggregated value would easily tip you above the Queensland threshold.”

Up goes rents. 🤦🏼‍♀️

Land tax plus costly disaster insurance up 300% Why would you buy properties in QLD

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House prices in this small Queensland town are defying the national trend of falling property marketsContinued interest from investors and people looking for a lifestyle change is helping keep property prices buoyant in this regional Queensland town.
Source: abcbrisbane - 🏆 22. / 51 Read more »