The Andrews Labor Government is taking Victorians for fools with its latest attempt to spin away its latest tax hit on everyday Victorians.
This is not a contribution, it is a tax. It is not a levy, it is a tax.
Ultimately, it will be home buyers who pay this tax, not developers.
Yesterday, Minister for Consumer Affairs Melissa Horne issued a media release that, "Home buyers are finding it increasingly difficult to enter the [property] market with significant demand and rapid rises in property prices providing more barriers than ever before".
Yet, at the same time her government is hitting Victorian home buyers with a great big new housing tax.
Daniel Andrews’ new family homes tax will add a shocking $20,000 to the cost of an average Melbourne home.
Labor’s new family homes tax is the 18th new or increased property-based tax or charge hike imposed by Labor since 2014, including increases to land tax, stamp duty, transfer duties and vacant home and windfall gains tax.
At a time when the cost of building a new home in Victoria is rising faster than any other state, more taxes will only make homes less affordable and put young families saving for a deposit further behind.
Labor is addicted to imposing new taxes on property to pay for its mismanagement and $24 billion dollars of waste.
Victorian families and small businesses will keep falling behind whilst they continue to pick up the bill for the State Government’s budget failures.
Under a Matthew Guy Liberals and Nationals Government, there will be no new taxes to give communities the confidence they need to recover and rebuild.
Ryan Smith MP
Shadow Minister for Housing