Queensland’s controversial land tax regime has been shelved

Queensland's controversial land tax regime has been shelved, due to high opposition to the plan.

The state's investor'd financial commitment for the past 24 months has already shown shaky confidence, with fluctuations of investors coming back, or tapping out of the market.

The new land tax would add further rental stress with Queensland's vacancy rates, which are already at a historical low. Shelving the plan will allow for further widespread and in-depth consultation.