Peter Beattie and Labor’s state property taxes on homes have hurt Queensland families for too long and should be scrapped, Peter Dutton, Minister for Revenue and Assistant Treasurer said today.
“Figures released recently by the Australian Bureau of Statistics show that property taxes are now the largest source of revenue for state governments,” Mr Dutton said.
“Further, Property Council figures show that in Queensland alone, the proportion of the cost of a new home unit that goes to the Labor Government in taxes is 26.9%. On a unit with a sale price of $422,825 that equates to $113,849.” (Property Council of Australia 2005)
“In 2005-06 states across the country collected around $11 billion in stamp duties alone. In 2001 the figure was half that amount.”
“It is disgraceful that first homebuyers in Queensland are being locked out of the housing market through Labor’s exorbitant state government taxes,” Mr Dutton said.
“This blow-out is a blatant grab for cash by state Governments and is an example how out of touch the Labor Party is with ordinary Australians.”
“Most significantly, there is absolute silence coming from Kevin Rudd on this issue. For someone who wants to stand up for Queensland, he has been deathly silent,” Mr Dutton said.
“If as he claims, Mr Rudd is such good friends with Peter Beattie, in the interests of all Queenslanders, especially first home buyers, he should insist that Mr Beattie cut these taxes.”
“Federally, the Howard Government has delivered a strong economy, with the lowest unemployment in 30 years and strong growth in real wages.”
“With Australians enjoying real economic prosperity, Labor must be called to account for their economic mismanagement in driving home ownership out of the reach of so many people through their heinous property tax regimes,” he said.