THE state debt will rise to over $177 billion by 2027, and Labor’s solution is to drive up taxes and charges, placing more stress on your home budget.
Premier Allan tries to sell her poor financial management with spin.
The Premier comes up with snappy names for her taxes and charges – but the reality is, it is you who will need to pay.
It also impacts your ability to pay rent or pay your mortgage.
Since coming to government, Labor has introduced 53 new or increased taxes.
One of these is a tax on second properties, the other is on land utilised for new homes.
Both of these taxes make it harder to rent or purchase a home.
Victoria currently has a rental vacancy rate of approximately 2 per cent.
Labor’s tax on second properties has forced the owners of those homes to pass the cost onto the tenant, plunging them further into a cost-of-living crisis.
As the rental market is so tight, tenants can’t simply move, because they are lucky to have the home they have.
As for the tax on new home developments, this has two impacts. It is either uneconomical for the homes to be built, or the if the homes are built, there is so much tax payable, it prices most Victorians out of the market.
Jacinta Allan has jacked up housing tax so much that up to 34 per cent of your total home purchase price is simply tax.
With Victoria in a housing crisis, Labor must commit to no new taxes and charges this budget because their inability to manage money is leaving you to pay the price.
Peter Walsh
Member for Murray Plains
Leader of The Nationals
