The Parliamentary Budget Office analysis, obtained by the Herald Sun, reveals the Andrews government is set to collect more in stamp duty and land tax per person than any other state until at least 2024-26.
Opposition Leader John Pesutto argues that property taxes will exacerbate the housing crisis. Picture: Sky News Australia “With Victoria’s rents already rising at the fastest rate in the nation, higher property taxes will only make a bad situation worse and push secure, affordable housing for many Victorians even further out of reach.”
Treasurer Tim Pallas announced a COVID-19 debt levy which will squeeze an extra $8.6 billion in offsets over the next four years alone to pay off the state’s $30 billion “COVID credit card”.
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