Carroll gov pledges foreign investor property tax review

A re-elected Carroll government is planning to reopen the state’s door to foreign investors wanting to buy Victorian homes after a decade-long crackdown.Although property and building groups welcomed the Wednesday announcement as a step in the right direction to help address the state’s housing crisis, they said it wouldn’t do much to deliver more affordable homes and called for broader reforms.The Victorian Labour government has promised to review state’s Absentee Owner Surcharge and Foreign Purchaser Additional Duty if it is re-elected in November.Treasurer Colin Brooks said if the Labor government was re-elected in November, it would review the state’s Absentee Owner Surcharge and Foreign Purchaser Additional Duty.RELATED: Japanese investors surge into Australian property as Chinese sellVictorian landlords face mandatory licences and three-strike bansOne in 10 Victorian auctions in doubt as tough new laws start This would include looking at how revenue is collected, how it impacted foreign investment in construction and the impact on first-home buyers.Mr Brooks added the government was updating guidelines so developers who build affordable housing would be exempt from the Surcha...