Victoria to Review Foreign Investor Property Taxes
The Victorian government has announced a potential review of its foreign purchaser taxes, including the Absentee Owner Surcharge and Foreign Purchaser Additional Duty. This initiative aims to attract more foreign investment to help meet the state's ambitious housing targets.
A potential reduction in foreign purchaser taxes could stimulate investment in new developments across Melbourne's western growth corridor. This could lead to increased housing supply and potentially more diverse property offerings.
Summarised by Ravs Realtors from reporting by realestate.com.au.



