As a Victorian resident, worker, and property investor, I am increasingly concerned about the impact of the additional land tax levy. While it is officially a 10 year temporary measure, its effects are already being felt across the property market and the broader economy.

The rising land tax burden is discouraging investment, with many investors choosing to redirect their capital to other states with more stable and competitive conditions. This shift not only impacts investors but also means Victoria could be missing out on significant stamp duty revenue as property transactions decline.

Reduced investment leads to fewer housing developments, which directly affects jobs across construction, trades, real estate, finance, and small businesses. Less investment ultimately means fewer homes, fewer jobs, and slower economic activity.

At a time when housing supply and affordability are critical challenges, policies that discourage development are counterproductive. Victoria risks losing its position as an attractive place to invest and grow.

We urge the Victorian Government to remove the additional land tax levy to restore confidence, support housing supply, and strengthen the economy.

👉 Please sign this petition to support a stronger future for Victoria.