James Conlan of Merri-bek council says the change would make investing in the area ‘less attractive’ and free up more homes for first-time buyers
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A councillor in Melbourne’s inner north has proposed doubling rates for landlords and slashing them in half for owner-occupiers and businesses, in a move that has drawn mixed reviews from economists.
Independent councillor James Conlan is set to move a motion on Wednesday night asking Merri-bek council to investigate how it could introduce a new “differential rate” for property investors in an effort to “make more homes available to first-home buyers”.
Continue reading…James Conlan of Merri-bek council says the change would make investing in the area ‘less attractive’ and free up more homes for first-time buyersFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastA councillor in Melbourne’s inner north has proposed doubling rates for landlords and slashing them in half for owner-occupiers and businesses, in a move that has drawn mixed reviews from economists.Independent councillor James Conlan is set to move a motion on Wednesday night asking Merri-bek council to investigate how it could introduce a new “differential rate” for property investors in an effort to “make more homes available to first-home buyers”. Continue reading…