As seen in the REIV newsletter last week, The Queensland government has recently passed a significant change to the way land tax is calculated on eligible real estate in Queensland.
From 30 June 2023, the Queensland Government will use the total value of your Australian land. This includes your taxable land in Queensland and your relevant interstate land.
REIV supports the REIA in opposing this legislation which is likely to put further pressure on an already tight rental market as investors are hit with another cost increase that will lead to many exiting the market. Property taxes are firmly on the REIV’s advocacy agenda.
Looking to buy in Melbourne? Talk to Chamberlain Property Advocates about how we can help you find your dream home.
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