Monday 3 March 2025
Everyone agrees we need more housing in regional Victoria.
Premier Jacinta Allan promised 80,000 new homes a year statewide, but the Bureau of Statistics highlights the Premier has fallen well short of her target with only 60,606 homes completed in 2024.
Part of the problem is Labor’s reckless spending – set to saddle Victorians with $188 billion of debt by 2028.
Instead of reining in spending, Labor continues to tax Victorians.
Since taking office in 2014, Labor has introduced 60 new or increased taxes, fees, and excessive charges, around half of which have hit the property sector.
The Urban Development Institute of Australia (UDIA) calculates property taxes now account for more than 40 per cent of total government revenue – up from 18 per cent in 2014.
The UDIA also states that 42 per cent of a new home and land package is government taxes and charges – so for an average $650,000 home – $273,000 is tax.
The reality is the Premier could address housing affordability overnight by lowering the eyewatering amount of tax Victorians pay when purchasing a home.
Labor can’t manage money, can’t manage housing and regional Victorians are paying the price.
Danny O’Brien MP
Leader of The Nationals
