Australia's federal housing minister Tanya Plibersek has warned that state governments and local councils risk pricing first-home buyers out of the market by milking the property industry for too much tax.
Plibersek told The Australian yesterday big infrastructure levies were strangling land development and, partly as a result, the nation was not producing enough new housing blocks to meet population growth.
The Henry review into taxation was considering reforms to slash costs, she said.
The Australian
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