ALP Backflips on Controversial Growth Areas Tax

Plus there is the matter that many people who purchased and live in defined “growth areas”, including areas around Craigieburn, Werribee and Cranbourne, do not want their backyards developed into housing estates.

Under new draft legislation released yesterday, a tax will now be charged to developers, and not landowners.

The backflip comes as the Herald Sun reports the ALP is facing opposition by major voting groups, including farmers and community groups, unless it revisits the policy.

Mr Madden said in the Herald Sun “The onus has shifted from the seller to the buyer.”

 

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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