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Victoria's Policies Cost Melbourne Homeowners $100K
Description
Victorias homeowners shortchanged by government policies, according to Property Investors Council of Australia report
The Property Investors Council of Australias latest report reveals that Victorias government policies have cost Melbourne homeowners an average of $100,000 since early 2022. While median home prices in Melbourne only increased by $28,000 through the end of 2025, other cities like Sydney, Brisbane, Adelaide, and Perth saw significant gains. The report blames various state moves, including tax hikes, vacant land taxes, and rental reforms, as well as massive state debt and lingering Covid work-from-home shifts. Property expert Ben Kingsley warns that without increasing new builds, prices could spike wildly later, impacting homeowners and retirement plans. The government stands firm on their affordability reforms, but Kingsley argues that their approach is like burning the village to save it. PICA and real estate groups are pushing for policy reviews to boost confidence and investment in Melbournes market.
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