New tax for home buyers

AMID affordability concerns, underquoting at auctions, off-the-plan sales, and agent conduct will be part of a review by the State Government into the real estate industry. However, at the same time it has proposed a new social and affordable housing contribution, that the opposition said, is another new tax. Photo: SPEC FILE.

By Lizzie Hallam

February 22, 2022 | 7:00 AM

ON the same day that the State Government launched a new consultation paper on the real estate industry, on Friday it introduced a new affordable housing tax.

Victorians are being urged to have their say on the paper which will review current consumer laws to ensure fair and easy access to the housing market.