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Infrastructure wins in SA budget, but at what cost to supply?


Infrastructure wins in SA budget, but at what cost to supply?
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With its promise to focus on social infrastructure, the South Australian government’s budget announcement has garnered a mixed reception from the property sector.
The budget announcement on Tuesday (22 June) from South Australian Treasurer Rob Lucas will deliver a massive $17.9 billion in infrastructure spending over the next four years, particularly on health, education, sporting, cultural and recreational facilities.
With a strong focus on health, education and economic recovery, the state budget could ultimately serve “as an economic blueprint that will put hard hats and steel caps on workers now and into the future, helping to transform South Australia’s skyline”, according to Property Council SA executive director Daniel Gannon. ....

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SA spends big on infrastructure and land tax reform


SA spends big on infrastructure and land tax reform
By Maja Garaca Djurdjevic
23 June 2021
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1 minute read
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South Australia has rolled out its own state budget, promising “the most comprehensive land tax reform” in the state’s history and a massive $17.9 billion infrastructure spend as it looks to turn Adelaide into the nation’s “most attractive” place to invest.
Promising to back the state’s economic growth strategy while “rejecting” the alternative approach adopted by the Victorian government, South Australia has pledged to discount land tax by 50 per cent for eligible new build to rent housing projects.
Moreover, the state’s Treasurer, Rob Lucas, has promised a $10.7 million injection in land tax relief in 2021-22 through the land tax transition for those taxpayers negatively impacted by changes to land tax aggregation rules. ....

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