High Taxes Turning Property Investors Away from Australia’s Most Liveable City: Report

‘These include the new windfall gains tax, an expansion of the vacant residential land tax, increases in land tax and stamp duty, and increases in payroll tax.’

A 'For Lease' sign is seen at the front of a new house in Sydney, Australia, on Jan. 11, 2024. Jenny Evans/Getty Images

Victoria has continued to underperform as a housing market despite the significant size of its economy and population, a new report by Australia’s peak body for the residential building industry has shown.

The Housing Industry Association (HIA) has released its latest Housing Scorecard Report, which provided an update on the residential building conditions of all states and territories in Australia.