Why Queensland investors shouldn’t sell in protest
There is an issue in Queensland that is gathering more and more momentum in the media, because it has most of the people in the property investment profession scratching their heads in bewilderment. In fact, I myself have spent plenty of time going: What the heck? What I’m talking about is the new Queensland land tax, which was quietly, or should that be sneakily, passed in late June by the State Government. The tax was first proposed late last year, but no one thought it would actually become a reality because it was so, well, ridiculous and potentially not legal …
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