Brisbane Times
·general
·3 hours ago
Melbourne’s falling house prices threaten to blow billion-dollar hole in state budget
Falling house prices in Melbourne could significantly impact Victoria's budget as Premier Jacinta Allan prepares for a bid for a fourth term. Economists predict house prices may decline by 1 to 4 percent this year, threatening an estimated $1.8 billion in state revenue. This reliance on property taxes raises concerns for future financial stability amid rising.
Summary by Glance · Brisbane Times
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