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Victoria just introduced a shocking $11,000 tax on new homes and it’s triggered developer backlash, halted major housing projects and pushed the state deeper into a worsening affordability crisis. In this video, we break down why this tax is causing outrage, how it adds to Victoria’s already massive property tax burden and what it means for future homebuyers, renters and investors. What you’ll learn: • Why developers are warning this tax could kill new housing supply • How Victoria’s growing tax load is pushing projects to collapse • Why the state government is scrambling for revenue • How this decision could worsen rents, prices, and supply • What this means heading into the 2026 Victorian election Subscribe for fast, clear breakdowns on Australia’s housing market, taxes, and state politics. victoria housing crisis, victoria new home tax, jacinta allan tax, melbourne property tax, homebuilder tax victoria, victoria budget crisis, australian housing market 2025, melbourne rent crisis, property development collapse, victorian politics explained