Andrews government dumps $800m housing tax

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Andrews government dumps $800m housing tax
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The Andrews government will dump its public housing reforms, announced less than two weeks ago, which would have taxed property developers $800 million to pay for thousands of affordable homes for vulnerable Victorians. | paulsakkal

The Andrews government will dump its public housing reforms, announced less than two weeks ago, which would have taxed property developers $800 million to pay for thousands of affordable homes for vulnerable Victorians.

Two sources, speaking anonymously because an announcement had not yet been made, said Treasurer Tim Pallas would scrap the housing tax at a press conference just before 11am. The major tax and housing policy reform would have provided a long-term funding solution for Victoria’s nation-leading public housing shortage.

In a meeting with interest groups on Monday, Treasurer Tim Pallas, said the government was prepared to bin its entire package if property industry bodies continue to run a scare campaign on housing affordability and oppose the plan toOn February 18, the government announced a 1.

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