‘Develop or sell’: Labor widens vacant land tax in Victoria
Victoria’s Allan government will expand its tax on vacant land to include areas outside Melbourne and long-abandoned plots in the city to try to ease the housing supply crisis while raking in an estimated $37 million in extra funds.
“We can’t afford to have vacant land in metropolitan Melbourne sitting idle year on year. Our clear message to the landowners is to either develop the land or sell it to someone who will,” Treasurer Tim Pallas said on Tuesday.
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