Peak Real Estate Body Weighs in on Soaring Rates for Higher Floors

Critics urge a reconsideration of the new ‘view tax.’

The Gold Coast, Australia, on Feb. 23, 2024. Steve Xu/The Epoch Times

Gold Coast City Council has introduced a “view tax” on apartment-dwellers on higher levels, sparking a reaction from Queensland’s peak real estate body.

The new scheme increases rates on an ascending scale after the fifth floor. Rates rises of 40 to 50 percent on higher level floors mean some residents could pay $676 (US$442) more every year.