The Age
·general
·2 hours ago
Victoria cuts property tax revenue forecast by $900 million amid housing downturn
Victoria's budget faces a nearly $2 billion hit over three years from declining property prices, with Treasurer Jaclyn Symes cutting property tax revenue expectations by $900 million for next financial year. Melbourne house prices are forecast to fall between 1.7 and 4 percent in 2026 amid rising interest rates.
Summary by Glance · The Age
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