Investment Property Taxation Can It Solve The Housing Crisis?
Investment property taxation is being suggested as a way of prompting owners to let their properties. The lights are out on a million Australian homes every night.
Taxing empty homes: a step towards affordable housing, but much more can be done
Across Australia on census night, 11.2% of housing was recorded as unoccupied – a total of 1,089,165 dwellings. With housing affordability stress also intensifying, the moment for a push on empty property taxes looks to have arrived. The 2016 Census showed empty property numbers up by 19% in Melbourne and 15% in Sydney over the past five years alone. Taxing empty homes: a step towards affordable housing, but much more can be done