How VIC’s New Commercial Property Tax Laws Could CHANGE The Market

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As of 1 July 2024, Victoria’s new Commercial and Industrial Property Tax (CIPT) has replaced the old stamp duty system, making it the BIGGEST change to its commercial property landscape in decades.

But what does this mean for commercial property investors, developers and the broader economy in Victoria?

In this video, Anita Yau from Palise Property breaks down what CIPT is, how it works, and the larger impact it will have on the commercial property market.

CHAPTERS:
00:00 - Intro
00:39 - How CIPT Works
01:12 - Why Victoria Decided to Change Its System
02:28 - The 10-Year Transition Period
03:10 - Impact on Short-Term and Long-Term Investors
04:27 - Changes in Buying & Selling Behaviours
03:52 - Other Consequences of CIPT
05:51 - Closing Remarks

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#commercialproperty #industrialproperty #propertyinvestment #victoria

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Steve Palise is a buyer’s agent experienced in sourcing quality commercial property investments. He has helped thousands of clients secure and purchase properties. Steve Palise has worked for Australia’s leading buyers’ agencies and is passionate about helping others to achieve their goals and financial freedom. His philosophy: Investments should increase your wealth and passive income with as little risk as possible.

Contact us:
https://www.paliseproperty.com/contact

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Connect
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Video produced by Social Wave
https://www.socialwave.com.au

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