Navigating Victoria's Budget Reforms

Welcome to Episode 110 of The Numbers Game. In this episode, we delve into the newly released Victorian State Budget. We examine how the transition from upfront stamp duty to a ten-year land tax could shape commercial property investment and potentially drive up rental costs for small businesses. On a positive note, we explore the new opportunities arising from lenders reducing buffer rates. We also shed light on the projected rise in work cover premiums.On this episode, we discuss:Impact of stamp duty reform - pros and cons for commercial property investment and tenantsShift from upfront stamp duty to annual land tax - potential increase in rental costs affecting small businessesAnnual property tax - potential effects on small businesses and investorsBuffer rates reduction - its role in enhancing borrowing capacity in the property marketCommercial property ownership - addressing challenges in the wake of Victoria's new tax regulationsIncrease in work cover premiums - understanding its potential repercussions for business ownersCheck out the free resources from Inovayt here.Send us an email: [email protected] Numbers Game is brought to you by Future Advisory & Inovayt.Hosts:Nick ReillyJason RobinsonMartin VidakovicThis podcast is produced by VIDPOD. Check out our new website thenumbersgamepodcast.com.au. Browse the full show catalogue, jump straight to specific moments on the topics you love, or leave us a voice note. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.