...This initiative even progressed to the preparation of the Land (Zoning Value Sharing) Bill 2024 which proposed a 25% tax on land that is rezoned for housing.
As soon as the new government took office in January 2025 the property industry lobbied hard for them to drop the proposals, which of course they did as they no longer had to answer to the Greens and instead were being supported by a rag tag group of independents who are of the same gene pool as themselves...