@timcullen_tspec: This report suggests 15 years of a 30 year mortgage is spent paying the tax and regulatory costs of a house and land package build. On a $1.18M house and land package in Sydney (the exact scenario in the 2025 CIE study commissioned by the HIA): • $228k in direct taxes (13 separate taxes, 3 levels of government) • $64k in infrastructure charges • $284k in zoning premium (caused by planning rules, captured by landowners) • $644k in interest on those costs over a 30-year mortgage Interesting deep dive #tradiesoftiktok #tradies #mining #plumbing #housingmarket
You are correct and it's much worse in Lower cost rural towns, the taxes turn a cheap plot of land into an unaffordable price for those that live there.
2026-06-01 15:02:01
14
Perth Brick Repair :
The interest on $229000 in taxes on a house over 30 years is $270000
.
A person on $100000 will pay $80500 income tax over 30 years on that $270000 tax you mentioned
#housing #tax
2026-06-06 11:16:17
0
o.n.stefan :
the price of a new block of land in a development half the price goes in taxes. lower the tax and the block is cheaper
2026-06-02 03:17:55
6
P.P. :
This again shows how poorly we are governed.
2026-06-02 06:59:10
6
Paul Evans323 :
that's the problem
2026-06-01 23:31:15
6
Marette V :
Wonder when they will tax our air. 😳
2026-06-02 07:00:14
4
Lion Heart :
Nice break down mate, ive been trying to explain to people exactly what you just said., and what does this mean..
our Government is BROKE, & they are using Housing as the actual Economy
2026-06-04 01:07:16
2
Damien :
the land costs are the problem. 700-900k for 300-400m2 in the middle of nowhere. 20 min drive to a train. that's ridiculous
2026-06-02 07:23:23
1
user1044469406514 :
this is why the government is pushing for new home builds
2026-07-22 13:15:15
1
Unkie-J :
It’s exactly why it’s hard to build in this country. Shouldn’t be taxed for what is needed
2026-06-02 10:24:06
2
user1571951787990 :
So in other words the lands itself is only worth about 400 k.
2026-07-04 04:39:47
1
Ttwph :
What a joke!
2026-06-02 07:52:50
2
Robin D Parker - Author :
so the big winners are Government, Developer and No1, Banks
2026-07-18 03:33:47
0
Steve :
What about GST on the building?
2026-07-12 00:55:00
0
nofiltercharlie :
and for all that you're getting a defective house made of styrofoam.
2026-06-02 11:48:46
2
Callsign Barney :
Vote One Nation
2026-07-26 06:24:03
0
Mary :
So forcing investors to buy new, feeding government. How much is the current budget going to raise??
2026-06-02 05:40:06
0
john :
try kingscliff
2026-06-02 04:52:13
1
Geo :
Uplift value of the land to the owner=capital gain? Re. Council charges, did you quote the min? not the avg or max. Excavation and cost of trades are reasonable by comparison, albeit they've practically doubled. Local governments charge criminally, as if by extortion, for multi-residential developments. Smaller cluster residential developments can't break even due to them. Agreed about deliberate delay which causes cost pressure. High barriers to entry, does Monopoly sound familiar?
2026-07-11 01:52:20
0
Coffee_Chaser :
Unbelievable
2026-06-27 09:29:38
0
MaxinePageOfficial :
We Aussies are overtaxed. Sucking the life out of us.
2026-08-02 04:10:25
0
Tobz :
This was very well put bro
2026-07-29 01:13:37
0
gregm1378 :
Nearly half of a new build is tax 47%
2026-07-25 20:32:12
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user429379467788 :
About time someone pointed out how the greedy levels of government are responsibility for large fixed costs that the buyer eventually has to pay.
2026-06-28 16:32:55
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Dom :
The council contribution is $61,000 per block for The Hills District of Sydney. The rest seems about right.
2026-06-06 13:40:44
0
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