In just one year, an extra 24,000 properties in Queensland have become liable for land tax, taking the total number of affected properties to nearly 195,000.

This is due to soaring land valuations and the fact that the land tax threshold hasn’t budged since 2007.

REIQ CEO Antonia Mercorella told Dean Miller on 4BC Breakfast, “We want to make sure that here in Queensland, we’re actually promoting investment.”

“We’re simply saying that that threshold of $600,000 is no longer aligned with market conditions.”

“We’d like to see that becoming a priority in perhaps in the next budget,” Mrs Mercorella said.

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