"Property tax hurting regional areas, Brogden says"

ABC News web site, 4 April 2005

New South Wales Opposition Leader John Brogden wants the State Government to change its property tax regime, which he says is hurting regional areas.

Mr Brogden addressed real estate agents in Queanbeyan this morning, who are concerned about the abolition of the land tax threshold and introduction of vendor duty, which people have to pay when they sell their home.

"Investors are being slugged and indeed as a consequence the rent market is also tightening so this is having an affect across the board, but for the Queanbeyan area it means that the property market is in the doldrums and investors are hurting," he said.

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