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When does it stop? Land tax 'hopelessly out of date' with revenue expected to exceed $2 billion this year
In just one year, an extra 24,000 properties in Queensland have become liable for land tax, taking the total number of affected properties to nearly 195,000.
This is due to soaring land valuations and the fact that the land tax threshold hasn’t budged since 2007.
REIQ CEO Antonia Mercorella told Dean Miller on 4BC Breakfast, "We want to make sure that here in Queensland, we're actually promoting investment."
See omnystudio.com/listener for privacy information.
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By 4BCIn just one year, an extra 24,000 properties in Queensland have become liable for land tax, taking the total number of affected properties to nearly 195,000.
This is due to soaring land valuations and the fact that the land tax threshold hasn’t budged since 2007.
REIQ CEO Antonia Mercorella told Dean Miller on 4BC Breakfast, "We want to make sure that here in Queensland, we're actually promoting investment."
See omnystudio.com/listener for privacy information.