Proposed levy on Queensland’s vacant homes backed by advocates

Greens bill will see investors pay 5% levy on all residential property left vacant for more than six months

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The Queensland Greens say their proposal to tax investors for vacant homes could see tens of thousands of properties returned to the rental market during a nationwide housing crisis.

The bill, introduced into parliament on Thursday, proposes charging investors a 5% levy of the capital improved value" of all residential property and land that has been vacant for six months or more in a year.

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