Senate Select Committee on Productivity in Australia (part 2 of 2)
20 July 2026
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Senate Select Committee on Productivity in Australia Australian Parliament
00:02 - 00:12
Speaker 36
Then I wanted to ask you about the the foreign state taxes on new developments. So any views on the taxes on new houses?
00:13 - 00:29
Speaker 59
Yep. Plenty. I don't know that many of the other submitters have also talked about this one. Has done our groundbreaking report from 2011, from the... We commissioned the Center for International Economics to do a report on the taxes, fees, and regulatory imposts associated with housing.
00:30 - 01:06
Speaker 65
And that report, we've then updated in 2019 and recently did it in 2025, and that shows that 4044% of of a new house and land package in a greenfield estate is met up in taxes, fees, and charges. In New South Wales, for instance, in a new greenfield in New South Wales, it's 49%. So for $1,300,000 home, $576,000 is made up in taxes, fees, and charges before you put a shovel in the ground. And put put that in context, that's the first fifteen years of someone's mortgage is made up in those taxes, fees, and regulatory imposts. That is both at federal, state, and local government level.
01:06 - 01:19
Speaker 59
So it is... You know, when we talk about housing affordability, this is the prime function of that additional cost, and a lot of that goes into development contributions, infrastructure levies, and charges, and the like.
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