THE AGE ‘Letters’ 26 April 2025

Land tax rise works
Your correspondent (Letters, “Land tax increases will reduce rental supply”, 25/4) who has in the past, as a good citizen, provided our renting population with at least four properties has had enough and is selling up his rental stock. He tells us that 24,726 properties in Victoria were lost last year from rental stock, putting a huge additional demand on the rental market. But then he tells us that virtually all of those properties were purchased by owner occupiers.
My limited knowledge of economics and supply and demand principals suggests that no upward or downward pressure has been the result. Fewer rental properties and fewer renters. Everyone should have the opportunity to own their own home. So landlords, please keep selling.
We are tired of supporting your investment portfolios with generous tax benefits and I think the strategy of increased land tax is having the desired effect.
Judy Kevill, Ringwood