Victoria urged to follow Canberra’s lead in property tax overhaul

Property experts warn Victoria must follow the federal government's tax overhaul or risk worsening its housing crisis. While Jim Chalmers' changes to negative gearing and capital gains have merit, analysts say Victoria's real problem is the cost of building new homes, not buying them. Unless the state reduces taxes on foreign investors and developers, construction investment will remain constrained.

Summary by Glance · Brisbane Times