As the new financial year starts today, Victorians have woken up to a string of higher taxes and charges to pay for Daniel Andrews’ wasteful spending.
Homebuyers face paying up to $2,234 more in fees when they purchase a home under massive increases to land transfer fees commencing today.
Under the changes, the previous fee cap set at properties valued at $500,000 has tripled to $1.5 million, meaning that purchasers will see transfer fees jump by up to 163 per cent.
These higher fees will see property buyers pay an extra $140 million to the Andrews Labor Government over four years.
Amongst other fee changes from 1 July:
- The Fire Services Property Levy will increase by $46.1 million; a 7.3% increase;
- The stamp duty surcharge payable on property purchased by international investors rises from 3% to 7%, flowing on to increased rents paid by Victorian tenants;
- General government fees and charges have increased across the board by 2.5%; and
- 28 day recreational fishing licences jump from $12 to $20.