10 June 2017 (AFR) – “Disastrous” land tax soars 1200 per cent in 12 months – Owners caught out by soaring land tax

(10 June 2017, AFR, p34, by Duncan Hughes)

‘A 73-year-old grandfather may have to sell his retirement property nest egg after a near-1200 per cent increase in land tax in 12 months, or a rise from $5300 to more than $67,900.’ <snipped…>

‘Flawed process – Property specialists claim the state government land tax grab is hitting existing and new property investors, particularly business people and dentists, doctors and lawyers  who have purchased their surgeries and chambers.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)