32-33% of Queensland new home costs are attributed to government taxes, according to the Property Council of Australia report.
The Queensland Government's housing pledge is challenged by the current tax model, with over one-third of new home and apartment costs being made up of taxes, fees, and charges. The Property Council of Australia report reveals that government taxes account for 32% of total new home costs and 33.3% of new apartment costs. The government, however, claims that the housing tax windfall is being reinvested to make housing more affordable.
May 25, 2024
13 Articles