‘Cowering before wealthy investors’: Queensland scraps tax changes targeting interstate landlords

Experts say there is no evidence the proposal would have a detrimental effect on the housing market or result in rent increases. Photograph: Jono Searle/AAP

The Queensland government has scrapped a proposal to alter land tax arrangements for interstate property investors, in a move described as bowing to industry pressure and wealthy landlords.

The proposal – which met fierce resistance from the real estate sector and other states – would have seen interstate property holdings taken into account when determining whether an investor meets the threshold for land tax concessions.