The third and final part of this series discusses the Vacant Residential Property Tax (VRPT), a new proposal by the Victorian government to address lack of rental supply. Specific details are still under consideration as the Victorian government consults property groups for further insight. Who does this effect? The Vacant Residential Property Tax will [...]
The issue of rising housing prices has been a growing concern for economists and policy makers, as first home buyers are increasingly being pushed out of the market. This article will discuss planned changes to Stamp Duty exemptions and concessions and is the second segment in a three part series covering the Victorian government’s [...]
The issue of rising housing prices has been a growing concern for economists and policy makers, as first home buyers are increasingly being pushed out of the market. This article will discuss planned changes to the First Home Owner Grant and will be the first segment in a three part series covering the Victorian [...]
Following an eighteen-month political tussle, the Income Tax Rates Amendment (Working Holiday Maker Reform) Bill 2016 was passed in early December last year, with settlement being reached on what is more widely known as the Backpacker Tax. What has been changed? The Backpacker Tax is a tax on the income of workers employed in [...]