"take Victoria for example, the base Land Tax base of $300,000 hasn't changed in 13 years, the property values increase and the Victorian Government reaps a fortune in Land Tax every year. An investor with say 2 x investment properties in Melbourne with the latest valuations could be paying $20,000/year in Land Tax.'
Think your 20K is far in excess of what the land tax would be .
Land tax is only o.2% of the total value less 300k and something like $375 on the first 300K
two houses would be around $1.8M so taxed on $1.5K at 0.2% = 3000 + 375 = $3375
ZIP Price at posting:
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