Brightline test reform ‘worse than doing nothing’: Treasury

Brightline test reform ‘worse than doing nothing’: Treasury
Treasury unimpressed by govt's housing plans.
Pattrick Smellie
The Treasury rated the government’s bright-line test reforms to dampen house price inflation as “worse than doing nothing”.The regulatory impact statement published with the tax changes rushed through Parliament under urgency on Tuesday evening and Wednesday morning finds the policy “better than doing nothing/the status quo” on just one of eight criteria.It suggests the policy is likely to increase rents.In the same document, the Inland Revenue Department worries the exemption from the test for newly constructed ho...

More Property

Property, rentals and hiring attract greatest IRD scrutiny
Economy

Property, rentals and hiring attract greatest IRD scrutiny

Blitz has reaped more than $600m in undeclared tax from taxpayers.

Denise McNabb 15 Apr 2025
Vital Healthcare selling $50m worth of Melbourne property
Property

Vital Healthcare selling $50m worth of Melbourne property

The properties are in Box Hill, a highly regarded Australian healthcare precinct.

John Anthony 11 Apr 2025
Seascape developer yet to cough up $36m
Property

Seascape developer yet to cough up $36m

Builder China Construction’s just-filed statements indicate the row isn’t over.

Maria Slade 11 Apr 2025
Fast-track panels not out of blocks yet
Policy

Fast-track panels not out of blocks yet

The first three projects to go through the process are still waiting on panels.

Oliver Lewis 10 Apr 2025