Interested to hear people thoughts on the few things been released from the state budget in Victoria so far
https://www.news.com.au/finance/economy/australian-economy/n…
Obviously not the most reliable news source but:
- new tax of minimum of $500 per investment property and up to $975 + 0.1% value of the land over $300k
- payroll tax increases by 0.5% for over $10M in payroll and 1% for over $100M
Now not saying landlords don't have a spare $500 per property per year but this will all but certainly be passed on.
Same goes with payroll tax, the 0.5% or 1% will just come off employee salaries in some way or another.
The government blamed this somewhat on their surprise on interest rate rises (which the everyday person is coping too) and their solution is to add to the fire of rising cost of living by just taking more.
Do you think this is going to become the new normal where government screw up and the people pay for it?
anyone who didnt see this coming is blind you have voted for argueably the worst premier the nation has ever seen - you get what you deserve
billions of blow outs in projects for his CMFEU mates and he has the stones to 'blame the RBA' who are trying to control inflation
clueless Victorian Government for the clueless voters that support them - id dare say the 'red' seats of Melbourne are where the bulk of investment property owners are so im kind of laughing becuz this tax is not only lazy but unfair considering the steep cost of stampy duty investors paid at price of purchase - but these voters have NO ONE to blame but themselves