Wangaratta Chronicle 220622

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Wednesday, June 22, 2022 Wed

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Sport

COLOUR CHANGE FOR AFL LEGEND AFL Hall of Famer Michael Tuck may have spent his 426 games in the gold and brown for Hawthorn, but on Sunday in Wangaratta he was wrapped in yellow and black to help coach the under 17 Tigers in their match against Mansfield. Tuck, pictured with Angus and Billy McClen, was called in by relative and Tigers’ vice president Brett McClen, to help pass on some wisdom to the next class of country footy stars. Tuck was in the rooms to give some last minutes pointers, and as a ruck-rover and half back, had a lot of knowledge to impart. “I wish I could play under 17s but I’m a little bit too old,” he joked.  Full junior football results and pictures on page 16. PHOTO: Bree McClen

Someone will pay TENANTS could see rents increase if stamp duty on property sales was scrapped in favour of annual land taxes, with investors or rental providers likely to pass on the expense. Housing affordability and property tax is likely to be a key agenda item at a July 22 forum for state and federal treasurers, and an outcome could have Victoria follow

Agentt warns that Ag th t stamp t pd duty ty could ld b be replaced pl d with ith another th ttax BY STEVE KELLY skelly@ nemedia.com.au

NSW’s lead in replacing stamp duty for a broadbased property tax system. Wangaratta Nutrien Harcourt Real Estate

director/principal, Joe McKenzie, said it was great the government was looking at stamp duty, but it could be a double edged sword. “We all need to be aware that when they alter tax in one sector, it will usually be replaced with a tax somewhere else,” he said. “Land tax changes

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will also impact many investors who invest in housing that provide rental accommodation currently for many Victorians.” Mr McKenzie believes the first home buyer exemption on stamp duty seemed to work well as it stimulated the market which was sought at the time.

He said it allows stamp duty to be a one-off impact on buyers as opposed to annual land tax. “We all seek good governance to allow affordable housing, which in the past has been achieved with incentives to investors that assist in providing enough housing

for the rental demand,” Mr McKenzie said. “First home buyer building incentives in the past three years have certainly driven market growth and land prices to spike, and realistically have not helped affordability.” ■ Continued page 2

72 SISELY AVENUE WANGARATTA

FOR SALE VACANT POSSESSION $490,000


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