Landmark polling has revealed the State Government’s risky land tax changes could cost Premier Steven Marshall the next election, as the Property Council continues its fight for a fair go.
Property Council SA Executive Director Daniel Gannon said the issue now had the potential to affect voting intentions at the next State Election.
“Ahead of the next State Election, almost half of Liberal voters, 64% of Labor voters and 53% of all voters have indicated they are likely to vote against the proposed land tax changes.
“Liberal MPs in the north-eastern electorates of King and Newland should be particularly concerned, with 82% and 72% of voters respectively likely to vote against the changes.
“In the electorates of Adelaide and Hartley, 51% of voters would vote against the land tax changes, with a similar result in Elder, located in Adelaide’s inner-south.
“These results send a damning message to Premier Steven Marshall, highlighting that his risky land tax changes could cost him the next election,” said Mr Gannon.
The poll also revealed high levels of concern about the potential negative impact of higher land taxes on:
- Investor interest in South Australia (84% of voters are concerned)
- ‘Mum and Dad’ investors trying to build an income from their investments (84% concerned)
- Rent increases affecting rental tenants (81% concerned)
- Bankruptcies among property investors (80% concerned)
- Damage to South Australia’s economy (81% concerned)
- A fall in new housing construction (75% concerned)
“Premier Steven Marshall’s proposed changes will trigger a land tax tidal wave across South Australia’s property sector, which will hurt ‘Mum and Dad’ and institutional investors alike.
“We now know that almost six in 10 South Australians agree that these proposed new rules are unfair, which means the Premier should take stock and apply a handbrake to these risky changes.
“The Valuer-General’s statewide revaluation initiative will make a bad situation worse, with risky changes to land tax aggregation conspiring to create a perfect and painful tax storm.”
These insights into public sentiment have been commissioned and released during the Property Council’s campaign against the State Government’s risky land tax changes.
To assist this campaign, affected property owners can share their frustration and feedback at www.fairgolandtax.com.au.
The Property Council-commissioned poll, which took place between 11 and 17 July, canvassed the views of 600 metropolitan homeowners with a maximum margin of error of ±4%. Of these 600 voters, 200 live in the electorates of Adelaide, Elder, Hartley, King and Newland, carrying a 93% confidence level.