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An $800m housing tax on property developments intended to fund social housing for vulnerable Victorians has been dumped by the Andrews government.
VICTORIA
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The industry body representing residential property developers says it was “utterly offensive” for Premier Daniel Andrews to suggest the property sector support…
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Secret sale prices are in the spotlight after the Victorian government’s property market review raised the issue of uneven access to price information.
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Buyers are still flocking to popular beachside holiday spots across Victoria to buy a permanent home, even as house prices continue to soar.
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Residential building approvals in Victoria surpassed 70,000 in 2021 – proving the construction industry is leading the state’s economic recovery.
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The cost of building a home in Victoria is rising faster than in any other state, forcing a growing number of business failures.
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Auction volumes have remained high, but clearance rates have steadily declined in recent weeks.
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Sales volumes in Victoria rose 60 per cent last week.
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The Victorian government is launching a $500 million fund to help about 3000 people buy their own home.
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Infrastructure Victoria’s 30-year blueprint says the state’s population will be 10.8 million by 2051.
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Stamp duty discounts were introduced by the Victorian government last year to help stimulate the property market.
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A premium stamp duty will also be introduced, with property transactions above $2 million attracting a $110,000 duty plus 6.5 per cent of the dutiable value in …
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