Pallas gives with one hand and takes away with the other

Victorians deserve access to their own home. Under Labor this has become tougher and tougher.

Daniel Andrews and his high-taxing Treasurer, Tim Pallas, have slapped tax after tax after tax on building, construction and property; forcing home prices out of the reach of thousands of families.

Labor promised no new taxes in 2014 and yet they have introduced 39 new and increased taxes. No wonder properties are so much more expensive.

The Urban Development Institute of Australia has recently said that “there was a clear link between taxes and charges and high, surging house prices – and constraining future housing supply by levying further costs on development will only add fuel to this. This includes the introduction of a rezoning tax.”

Labor plans a new property tax on developments piling this on top of massive increases in tax, including a surge in stamp duty.

Labor’s band aid announced today does not go to the root cause of housing unaffordability in Victoria and will still see tens of thousands of Victorians shut out of the housing market.

This year Daniel Andrews will be providing $75 million to accelerate Victorians into home ownership, but will be collecting $6.709 billion in stamp duty.

Comments attributable to Shadow Treasurer, David Davis MP:

“The housing affordability crisis in Victoria is being driven in significant measure by Daniel Andrews’ and Tim Pallas’ building and construction taxes.

“These programs are part of their approach to give with one hand and take away with the other.

“The massive taxes on new homes have been jacked up to pay for Labor’s mismanagement of infrastructure projects and their cost blowouts.

“Daniel Andrews’ waste and mismanagement has forced property taxes up making it harder for young families.”