Higher rates for VACANT residential, commercial and industrial property?

Some Victorian Councils charge a higher general rate to owners of vacant residential, commercial and industrial land as a means of encouraging the development of the land. Not surprisingly, the owners of vacant land dislike the practice, but it is quite common across Victoria. The reasons owners of vacant land often hold onto their properties for long periods can vary. Some hold the land in the hope that prices will increase at some time in the future and they can make a profit. Others hold the land in the hope that one of their children or a relative may build read more

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