Melbourne Council Addresses Disparity in Property Rates

Thursday, 13 June 2024, 04:07
A radical proposal by the Merri-bek City Council in Melbourne could potentially double rates for property investors while offering significant cuts for owner-occupiers. This move aims to address the imbalance in the current rate structure and encourage more residents to live in the properties they own, revolutionizing the local property tax system.
https://store.livarava.com/8631e58b-293b-11ef-ab75-0d95d4a28fb2.jpg
Melbourne Council Addresses Disparity in Property Rates

Melbourne Council's Radical Rate Proposal

An inner-city council in a hipster part of Melbourne has voted to investigate charging far higher rates to landlords than to those who own and live in a unit or house.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe