news

Land tax hindering current supply

By webmaster

New housing in South Australia is being limited by the highest national land tax rates, according to a new report.

Median lot prices in metropolitan areas rose from $90,513 in 2002/2003 to $182,613 in 2010/2011 according to the Urban Development Institute of Australia (UDIA) report, due to insufficient levels of land supply.

UDIA president Julie Katz said releasing land to the market was of significant importance in overcoming supply issues.

"The continued increase in SA's population, albeit slower than most other states, will result in additional demand for residential land,” Ms Katz said.

The provision of adequate land should be achieved under the rezoning in the 30-Year Plan for greater Adelaide, she said.

Land tax hindering current supply
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%