Taxes delay Victorian home building recovery
Victoria's housing construction recovery will be delayed by at least a year due to recent federal tax and investment policy changes, according to the HIA.
The fallout from recent federal changes to housing taxation and investment settings will see Victoria's home building recovery delayed at least another year - Keith Ryan, HIA Executive Director
How will federal tax changes delay Victoria's home building recovery and affect my workload?
Builders and related trades in Victoria face a longer downturn in new home construction work, directly reducing job pipelines for builders, plumbers, and electricians.
Key takeaways
- Victoria's home building recovery is now pushed back by at least one more year.
- Federal tax and investment policy changes are blamed for the continued slowdown.
- Trades reliant on new home construction in VIC face a prolonged period of reduced work.
- HIA Executive Director Keith Ryan flagged the delay as a direct result of federal policy.
Related
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Why it matters: Builders and other trade businesses with outstanding tax debts may face firmer ATO collection action, which could strain cash flow. Details are not in the source text, so check the ATO or Master Builders directly.
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