Victorians set to sell properties as land tax bills come in

Victorian property owners may end up having to sell properties or increase rent to foot land tax bills.

Economic policy and program director at the Grattan Institute, Brendan Coates, says increasing land tax will make it harder to hold onto properties.

“But it’s a better tax to raise than anything else you could do,” he told Ross and Russ.

Press PLAY to hear what impact land tax will have on renters

Image: iStock.