Regional Victorian residents continue to wear the real-world cost of the Andrews Labor Government’s financial incompetence as a raft of tax hikes continue to cripple families, businesses and pensioners.
A new report released confirms Victorians are paying the highest property taxes in Australia.
Victorians will pay $2120 in property taxes per person across 2023-24, compared with $1646 in New South Wales and $1343 in Queensland.
The Nationals Member for Mildura, Jade Benham, said households were already under extreme financial pressure due to rising interest rates, skyrocketing electricity costs and increases in daily expenses such as groceries, vehicle registration, rent and rates.
Ms Benham said: “‘We know there’s a very real rental crisis, but this tax along with other rental reforms have made it too hard for a lot of small investors to remain landlords.
“With less landlords and homes being put on the market for sale we see increases to couch surfing and skyrocketing homelessness. That is something we simply can not stand for in Mildura or anywhere for that matter.”
Ryan Tierney of Tierney Real Estate Mildura said: “The week the land tax was announced our office was inundated with calls.
“This is the last straw for those with real estate investments on the long-term rental market. We are losing properties from the rental market weekly.
“People are selling and most often they are sold to owner occupiers. It’s never been so hard to afford and manage a long-term rental.
“We’ve actually seen a real pattern of landlords sell their properties then invest over the river in NSW.”