Victorian Government to Review Foreign Investor Property Taxes
Victoria's government plans to reassess foreign investor property taxes, including the Absentee Owner Surcharge and Foreign Purchaser Additional Duty. This review acknowledges that current tax settings may deter foreign investment, hindering the state's housing targets.
A potential reduction or reform of these taxes could encourage foreign investment in Melbourne's western growth corridor, particularly in new developments. This could help boost housing supply and contribute to the area's planned growth.
Summarised by Ravs Realtors from reporting by realestate.com.au.



