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State Government milks the property cash cow yet again

The Queensland State Government is dipping into the piggy bank of property owners yet again with a new land tax regime which the Real Estate Institute of Queensland (REIQ) says is a slap in the face to the very sector that is propping up the economy.

Queensland government house with property cash cow
Queensland property cash cow gets milked again

The Queensland State Government is dipping into the piggy bank of property owners yet again with a new land tax regime which the Real Estate Institute of Queensland (REIQ) says is a slap in the face to the very sector that is propping up the economy.

The shock announcement comes off the back of the State Government pocketing soaring stamp duty revenue with $5.38bn in transfer revenue this financial year, and it will increase overall from $16.53b…