You had to pay tax on vacant property
WHY SHOULD YOU DO THAT?
A vacant property tax is often seen as a way to address housing availability and affordability. By taxing the inefficient use of property – that is, simply stockpiling it for future capital gains – these taxes are meant to encourage owners to make housing available for people to live in. This adds to the overall supply of housing, taking pressure off both rents and property prices.
With housing affordability an ongoing issue in Australia, there
