Crippling tax must go to allow a better chance at home ownership
THE Property Council of Victoria is calling on the State Government to abolish a “punitive” tax to give Victorians a better chance to buy a home. The push comes as new research shows that removing the Windfall Gains Tax (WGT) could see almost $1.4 billion in additional private investment each year by 2030. The report was conducted by Mandala Partners and will form part of the Property Council’s 2026 Victorian election pitch. It shows that axing the WGT – which raised just $15 million in revenue in 2024-25 – would al