Understanding Victoria’s CIPT: What Investors Need to Know

Victoria’s property landscape is undergoing a seismic shift with the introduction of Commercial and Industrial Property Tax (CIPT). If you own or are thinking of buying commercial property, it’s essential to understand how this reform works, what it means for your cash flow, and how it compares to the traditional stamp duty model. Below, I’ll break down the essentials, including examples to help make sense of it.

Crane numbers reflect changing housing demand

Crane numbers reflect changing housing demand

The number of cranes across Australian city skylines rose to 691 in Rider Levett Bucknall’s latest count, the first increase in two years, as education and infrastructure projects pushed the number of cranes on non-residential work to its highest level since counting began in 2013.