Fears over new state tax

Real estate industry figures say a planned State Government property tax hike will discourage housing development and hamstring efforts to fix Colac’s supply shortage.

Billy HIGGINS

BUILDING BLOCK: Colac real estate agent Troy Kincaid says planned property tax rises could restrict desperately-needed residential development on empty Colac land. The State Government has proposed the tax hike.

Real estate industry figures say a planned State Government property tax hike will discourage housing development and hamstring efforts to fix Colac’s supply shortage.

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