RENT CHARGES – VICTORIA

Land tax changes won’t drive up rents: Andrews

roymorgansocial Leave a comment

Original article by Broede Carmody, Rachel Eddie, Jim Malo
The Age – Page: Online : 25-May-23

The Victorian government continues to attract scrutiny over the Covid debt reduction measures in its 23 May budget, which include a land tax on residential investment properties. Premier Daniel Andrews contends that landlords will not seek to recoup the cost of the new tax by increasing their rent charges, although the Centre for Independent Studies’ chief economist Peter Tulip argues that many landlords have relatively thin margins and will need to increase their rents. Treasurer Tim Pallas has indicated that the state government may consider options such as capping rent increases, although he has ruled out a rent freeze. Family homes will be exempt from the land tax.

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET, VICTORIA. DEPT OF TREASURY AND FINANCE, THE CENTRE FOR INDEPENDENT STUDIES LIMITED

Mall refits maintain low Melbourne retail vacancies

roymorgansocial Leave a comment

Original article by Larry Schlesinger
The Australian Financial Review – Page: 34 : 13-Jun-14

Data from CBRE indicates that the vacancy rate for prime and super prime retail properties in the Melbourne CBD was 1.45 per cent in June 2014. Net rents were steady in the year to June, while outlets such as clothing and shoe stores comprised about 26 per cent of tenants

CORPORATES
CBRE PTY LTD, HERRON TODD WHITE AUSTRALIA PTY LTD, HENNES OCH MAURITZ AB, LASALLE INVESTMENT MANAGEMENT INCORPORATED, DEXUS PROPERTY GROUP – ASX DXS