Tag: windfalltax
Victoria on Cusp of Approving Windfall Property Tax
The Victorian government looks set this week to pass its controversial Windfall Gains Tax—a 50 per cent levy on the extra value created from rezoning a piece of land. The...
Windfall Tax and the Melbourne Property Pipeline
The proposed Victorian windfall gains property tax has the potential to completely change land prices across the state. Meanwhile, developers have never been more hungry for land in an increasingly...