Tag Archives: Future Melbourne

Land tax slug

City of Melbourne property owners pay more to the State Government in land tax than they pay in council rates. In 2013-14, City of Melbourne research shows that locals paid $215 million in land tax, contributing 13 per cent of the total statewide figure of $1.6 billion. The council’s rate incomes was $213 million, equating

Gathering speed

Alastair Taylor In mid-March it was announced that Kuala Lumpur-based developer UEM Sunrise had chosen Probuild as its preferred builder for Aurora Melbourne Central. The development will consist of 940 residential units, about 250 serviced apartments, a direct link to Melbourne Central Station and retail/office components through the podium levels. Speaking from Kuala Lumpur, UEM

Council ire on property tax

The City of Melbourne has warned the Federal Government to keep its fingers out of the property-based taxation pie. The Federal Government has announced an intention to raise $200 million annually from foreign property investors. But the council says such a tax would be counterproductive and would lead to diminished new property supply and, therefore,

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