The Melbourne City Council wants to impose new high-rise apartments in the city centre, and opinions on who should pay the proposed development tax have been divided.

The Security Council voted unanimously to ask the Minister of Planning this week to approve a charge of 900 yuan per unit for the new Hoddle Grid residential towers before the projected construction surge in the area.

The purpose of the fee is to obtain cash to finance the construction of public infrastructure that will supply 2031 residents by 14300. The facility is expected to cost 2650 million yuan.

Other cities have already started charging larger infrastructure construction taxes.Developers in Brisbane will be charged RMB 19000 for a two-bedroom apartment and RMB 27000 for an apartment with three bedrooms or more.


CapitalNews from: The Age

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