By Mark Peters New stamp duty will be imposed on a change in beneficial ownership or a trust acknowledgement, plus a welcome change to refund foreign purchaser duty for non-residential land. Read more

The Victorian Government has continued with its intention to introduce a new windfall gains tax (WGT) in respect of gains made by landowners arising from increases in land value following rezoning of land. Following consultation with stakeholders, further details about the value mechanism and rezoning and transaction exemptions have been announced. Read more

As part of the Victorian Budget 2021/22, the Victorian Government announced a new windfall gains tax as a ‘value capture mechanism’ in respect of gains made by landowners arising from increases in land value following rezoning of the land. Few details have been announced to date and legislation has not been introduced to parliament. Read more

On 3 August 2021, the Victorian Government introduced into Parliament the Commercial Tenancy Relief Scheme Bill 2021 (Vic). The Bill reintroduces the Commercial Tenancy Relief Scheme (Scheme), which had previously expired on 28 March 2021. Read more

‘Build-to-Rent’ (BTR) is an alternative residential tenancy model, where units in a complex are purpose built for long-term leases, held cumulatively and continuously by one owner and managed by a single manager. This post provides a brief overview as well as highlighting the emergence of BTR developments in Australia. Read more

The Victorian Government (Government) is progressing on its 2018 election commitment to ban embedded networks in new residential apartment buildings, by releasing an Issues Paper to commence formal stakeholder consultation into this issue. What is an embedded network? Embedded networks are private electricity networks, where electricity is supplied to an area or building through a … Read more

The Victorian Government has announced as part of the Victorian budget for 2020/21, the Big Housing Build, the largest ever investment in public and community housing in Victoria. The Big Housing Build will involve a $5.3b investment in social housing, creating: 9,300 new social housing dwellings; and 2,900 new affordable and market homes for first … Read more

In a welcome move to the real estate sector, the Victorian Budget 2020/21 includes numerous measures to stimulate construction and increase the housing supply. Read more