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Land tax hikes as the absentee surcharge rises in Queensland

Following the recent announcement by the Palaszczuk government that the absentee surcharge in Queensland will rise to 2.0% from 1.5%, experts consider the potential impact on the local property market.

Land tax hikes as the absentee surcharge rises in Queensland

As of July 1st, 2019, land taxes for foreign investors in Queensland has risen.   The absentee surcharge has been lifted to 2.0% from the previous level of 1.5% by the State Government.

When the Queensland State Treasurer handed down their latest budget, of particular note for property investors was a change to the absentee surcharge.

The absentee surcharge is effectively a tax on any investors not holding Australian Citizenship or a Permanent …