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Property taxes jump in Victoria's 2023-24 Budget
Victoria's 2023-24 budget tackles the state's mounting debt caused by COVID-19, resulting in winners and losers. Big businesses and landlords bear the burden of repaying the debt, while small businesses and certain sectors receive support. Let's explore the key aspects of the budget that impact the property sector and big business taxes. Winners: Small Businesses: · ...
Impact of Treasurer Jim Chalmers' Budget on Australian Real Estate Markets
Treasurer Jim Chalmers recently unveiled a budget centered on cost-of-living relief. With a $14.6 billion package, it aims to alleviate power bills, reduce health costs, and support vulnerable Australians. Additionally, the budget focuses on creating affordable housing and increasing wages. However, not all Australians will benefit from this package. Key budget measures include: Cos...
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