Carroll gov pledges foreign investor property tax review

Key points

• The Victorian Labor government has pledged to review the state’s Absentee Owner Surcharge and Foreign Purchaser Additional Duty if re-elected in November.
• Treasurer Colin Brooks said the review would examine how revenue is collected, its impact on foreign investment in construction, and its effect on first-home buyers.
• The government also plans to exempt developers building affordable housing from the surcharge during construction if they meet certain criteria.