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I am not convinced that the state government is going to make much money from these reforms. Ok, they will gain some money from the Land tax, but they will lose the stamp duty from all the First Home Owners and won't be making much from the investors, because a lot of us simply won't sell.

Jamie/Alpina Its late in the night but to me it seems like they won't be taxing you if you are not having a gain of more than 12% on an IP. cheers

I am not so sure that its all bad news. Investors don't have to sell. The government will probably find that they are not able to raise the 690mil. because investors won't sell. The new measures will probably stop speculators from getting into property. The serious investors will still...