Queensland’s Property Boom Triggers Calls for Land Tax Reform

The Queensland government has announced it will maintain the current land tax threshold, revealing that it is 12 times higher than Victoria’s.

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The Real Estate Institute of Queensland (REIQ) continues to call for changes to the land tax threshold in Queensland, as soaring land values push additional properties into the red.

It is understood more than 194,500 Queensland properties were subject to land tax across the state in the last financial year, an increase of 14 percent since the year before.