Rich Lister and developer Max Beck has talked up Melbourne’s real estate prospects, putting him at odds with his own industry and its concerns that the state’s heavy reliance on property taxes will choke off the supply of new homes.

Beck’s upbeat views came at a property industry forum just two days after the state Labor government handed down a budget that will generate 47 per cent of its total tax take from real estate, making it the nation’s highest-property-taxing jurisdiction.