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Victoria's windfall gains tax: What does it mean for property development?


Melbourne CBD. Source: Unsplash/Simona Sergi.
The battle for the future of Sandown Racecourse may be the clearest example yet of why Victoria’s proposed windfall gains tax is bad for housing affordability. 
But for those not intimately engaged in horse racing in Victoria, it is possible the turf war has passed them by. 
So what is at stake at Sandown, and what might it mean for other developers looking to meet the demand for housing land in the state? 
The 112-hectare Sandown Racecourse (better known as Ladbroke Park) is one of Melbourne’s four horse racing venues, 25km south-east of the CBD in Springvale.  ....

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Ride the lightining in Porsche's all-electric Taycan Turbo S


Ride the lightning in Porsche’s all-electric Taycan Turbo S
Capable of going from 0-100 in 2.488 seconds, the newest all-electric car on the market beats petrol-powered models at their own game.
Freefalling: the acceleration on the Porsche Taycan Turbo S allows you to pick up speed faster than if you jumped out of a plane. 
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I know exactly how fast the Porsche Taycan Turbo S is. The read-out on the little motor-sport computer suction-cupped to the inside of the windscreen produced the remarkable number 2.488.
That’s how many seconds it took the newest all-electric car on the market – in its fastest and rather confusingly named Turbo S form – to go from a standstill to 100 km/h. With all-wheel drive and clever electronics, the launch control mode sent it off the line with scarcely a tyre chirp to interrupt the ....

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Supercars shortens Symmons Plains race distances

Supercars shortens Symmons Plains race distances
touringcartimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from touringcartimes.com Daily Mail and Mail on Sunday newspapers.

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