'Charging those who can pay more:' Merri-bek council considers doubling rates for landlords in landmark move to make room for first home buyers
On average a typical home owner in Merri-bek pays $1,800 per year in rates, with businesses up for about $2,700. If applied, based on the average property value of a home in Merri-bek of $800,000, homeowners could see a rate cut of around $900 a year on average. Mr Conlan based his motion on the concept of redistribution of wealth through taxation and progressive taxation – which Australia employs.
Mr Conlan suggested the severity of the cost-of-living crisis means that a council rates notice could serve as the last straw for a struggling renter, pushing them into financial stress.
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Source: FinancialReview - 🏆 2. / 90 Read more »