08/10/2026
This week, Labor announced it will match the Liberal Party policy to restore Victoria’s land tax threshold from $50,000 to $300,000, framing the change as a cost-of-living measure.
There’s just one problem with that idea: land tax helps keep land prices in check by reducing the incentive to speculate and hoard land.
Making it cheaper to hold land does nothing to help renters or people struggling to pay the mortgage on the home they live in.
Tax reform is a great idea. But if we want to reduce the tax burden on Victorians, let’s start with the taxes that get in the way of the things we want more of:
- Stamp duty makes it harder to move.
- Payroll tax makes it harder to create jobs.
We need a tax shift.
Less tax on work, enterprise and moving house, and more on land and other economic rents.
Read more: https://www.prosper.org.au/2026/10/land-tax-retreat-is-a-betrayal-of-working-victorians/