NSW Government taxes and charges on new housing remain at record levels and the highest in the country notwithstanding today\u2019s Government announcement. The Opposition welcomes giving developers a choice to do works in kind to partially meet those taxes and charges, but the total amount they have to meet remains the same.
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Nearly two years after slapping homebuyers with the Housing and Productivity Contribution, Labor now wants credit for releasing a draft guideline that gives developers a way to do the Government\u2019s job for it \u2014 building basic infrastructure. But the tax still stands.
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Opposition Leader Mark Speakman said Labor is always quick to blame others but slow to deliver.
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\u201cThis announcement is an admission that Labor can\u2019t build the infrastructure needed to support housing \u2014 so now they\u2019re begging the private sector to do it instead.
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But the $12,000 tax per home still exists, driving up costs and driving down supply,\u201d Mr Speakman said.
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Shadow Treasurer Damien Tudehope said Labor\u2019s move is too little, too late.
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\u201cThe $12,000-a-home tax is still there, it\u2019s still pushing up prices, and it\u2019s still holding up supply.
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While the Government tries to distract with this announcement, the real sting in the tail is that all HPC concessions come to an end on 30 June.\u00a0
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Today\u2019s announcement is an attempt to soften a policy that\u2019s done nothing but make the housing crisis worse,\u201d Mr Tudehope said.
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Shadow Planning and Housing Minister Scott Farlow said Labor was pretending to fix a problem it created.
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\u201cDevelopers have been asking for this. The Government promised it two years ago and they have been sitting on their hands ever since.
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This isn\u2019t reform \u2014 it\u2019s a panic patch job, and the tax hasn\u2019t gone anywhere. Housing is still less affordable because of Labor,\u201d Mr Farlow said.
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The Housing and Productivity Contribution, introduced by Labor in October 2023, adds up to $12,000 per new home in charges. That cost still applies. The only change today is a draft guideline letting developers pay the tax by delivering infrastructure such as roads or schools, or land themselves.
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NSW Government taxes and charges on new housing remain at record levels and the highest in the country notwithstanding today\u2019s Government announcement. The Opposition welcomes giving developers a choice to do works in kind to partially meet those taxes and charges, but the total amount they have to meet remains the same.\u00a0Nearly two years after … Continue reading “Chris Minns talks housing reform but keeps the tax”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33275","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/33275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=33275"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/33275\/revisions"}],"predecessor-version":[{"id":33276,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/33275\/revisions\/33276"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=33275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=33275"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=33275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}