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AAP
AAP
Callum Godde

House sales fall cancels out Victoria's COVID tax take

Victoria Interest Rates
A slump in housing sales and prices has offset revenue from Victoria's new COVID-19 debt levy. (Diego Fedele/AAP PHOTOS)

Interest rate hikes have contributed to a half-billion-dollar fall in Victorian stamp duty revenue and neutralised the first three months of a controversial tax.

A quarterly budget update, tabled in state parliament on Friday, shows Victoria pulled in $164 million from its COVID-19 debt levy from the start of July to the end of September.

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