Daniel Andrews

Victorian Budget Formula

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Read our Victorian budget submission for further detail on the following issues. A first glance at the Victorian State Budget sees an election year budget, light on reform, big on expenditure. The billowing Victorian land market underpinned most of the spending, with $7.1 bn in stamp duties alone. Some say that the property sector was […]

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Payback for marginal seat

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The Andrews Government infrastructure jewel – the removal of level crossings – is already creating positives.  Local agents say the removals, which will set the rail line below road level, will increase the desirability of properties in the immediate area and have a positive flow-on effect for the suburb. … Frank Ruffo, director at Hodges Bentleigh, said he expected property […]

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Foreign investment curbs benefit Australian investors

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Over the weekend the Andrews Government announced a tax on foreign investment in Victorian real estate. This includes a 3% Stamp Duty surcharge and a 0.5% Land Tax premium for absentee owners. On top of the $5,000 foreign investment fee announced by the Federal government, this will add some much needed balance between those looking […]

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Value Capture for Victoria

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  Debate over the new Melbourne Metro Tunnel and the funding needed is expected to heat up now that PM Abbott has said the $1.5 for the E-W Link is ‘locked in a box’. An interesting article in The Age highlighted the need for value capture: One idea floated this week, including by one of […]

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Victoria considers ‘Value Capture’

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Victorian Labor in its November 2014 election transport manifesto Project 10,000 boldly announced it would “Remove our 50 worst level crossings” at a cost of  $5-6 billion.  They are now the government. Grade separation of rail – elevating the track or, preferably, putting it underground in cut and cover trenches – removes congestion for both […]

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