A report from Victoria's Parliamentary Budget Office, commissioned by the state opposition, shows Victorians will pay around $450 more property tax than people in New South Wales next financial year.
Research shows Victorians will pay the highest rate of property tax in the country
I think land tax is better than stamp duty. It encourages people to not have more land than they need. Whereas stamp duty discourages people from moving/downsizing.
I think land tax is better than stamp duty. It encourages people to not have more land than they need. Whereas stamp duty discourages people from moving/downsizing.