Just done the numbers and was really surprised at the tax generated on new property.

By Brisbane standards these are quite "affordable" apartments.

For our typical purchaser every dollar counts and its a regular occurrence for people to pull out over a $5-10k shortfall.

Gross Purchase Price - $490,000
Total Tax incl. in GPP -$95,000

The numbers sit behind and make up the GPP started as only just bankable and finished 25% short of bankable. In other words if I knew what it was going to cost before I started and showed the bank then they wouldn't have lent me the money. The land cost was a bit high in this also. In other words there is NO massive developer profit sitting within the GPP.

Im showing these numbers to demonstrate how much tax the 3 tiers of government add to the cost of a home. The govt makes a **** load more $ than I do per apartment and they don't share in the downside so I think its a lot !