The Jacinta Allan government’s message to property investors couldn’t be clearer; you’re not welcome in Victoria
Victoria’s debt-riddled state government is hooked on property taxes and it is simply unsustainable for many suffering land tax stress to hold on to property.
Rita Panahi
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Victoria’s debt-riddled state government is hooked on property taxes and that spells bad news for landlords – and even worse news for renters.
Soaring land tax rates, together with a raft of regulations that diminish the rights of landlords, has seen investors exit the market, reducing the pool of available rental properties.
Meanwhile, we have mad Marxist activists in senior roles within the state Labor government who have never held a job outside of politics and the union movement making the sort of decisions that has seen Victoria plunged into record debt.
The likes of Minister for Jobs and Industry, Women, and Treaty and First Peoples, Natalie Hutchins who refused to rule out paying reparations or giving compulsorily acquired private property to Indigenous groups.
“After 200 years of colonisation, where this state took away lands in the settlement, murdered people and took away culture and language we are not going to be ruling anything in or out as we go to the negotiation table in regards to treaty,” she said.
This is the sort of undergraduate neo-Marxist rhetoric one would expect to hear at a student protest, not coming from a senior minister.
Hutchins can’t even run her own government-funded website, which still has her listed as the minister for education.
It’s little wonder property investors have no confidence in Victoria and are opting to invest elsewhere.
One of the country’s leading buyer’s advocacy groups, Propertyology, has told its clients not to invest in Victoria due to the state government’s anti-landlord policies.
And the Herald Sun reported in late 2023 that one in four landlords had sold an investment property in the last year.
The Jacinta Allan government’s message to property investors couldn’t be clearer; you’re not welcome in Victoria.
The skyrocketing land tax burden is also crushing the dreams of families who have worked and sacrificed to afford a holiday property, or have inherited one, with many having to sell after seeing their bills double and triple in the space of a few years. It’s sadly an all-too- common experience for property owners across the state.
It is simply unsustainable for many suffering land tax stress to hold on to property in Victoria.
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