Housing Tax Bad For Affordability: HIA

HIA statement:

The Housing Industry Association is disappointed to see a new $95,000 per hectare tax on developments in Melbourne’s fringe, which will ultimately drive up the cost of housing.

Despite HIA, Australia’s largest building industry group, continually voicing its opposition to the proposed tax, and the Bill previously being defeated in the Parliament, the contentious Growth Areas Infrastructure Contribution (GAIC) is now set to go ahead.

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