Vacant Residential Land Tax Expands to Regions

October 5, 2023 10:15 am in by
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A tax on vacant residential blocks in Victoria will be broadened to force Central Victorian landowners to either develop their land or sell it to someone who will.

As parliament resumed on Tuesday, Treasurer Tim Pallas announced the government would introduce legislation to expand the vacant residential land tax to all of Victoria, including regional areas.

Gaelle Broad, Nationals Member for Northern Victoria says she believes the tax will have a massive impact on the region.

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Broad also states this is not the first tax the current Labor Government has dealt Central Victoria and, she believes, won’t be the last.