Property experts are calling on the Victorian government to reduce its tax burden on housing, warning that federal budget changes could otherwise lead to fewer new homes. Across reports, the experts link Victoria’s state-level property settings to the impact of the federal government’s proposed reforms to negative gearing and capital gains tax for investors. The articles state that if state taxes remain high relative to other jurisdictions, the combined effect of the federal measures and Victoria’s own charges could further reduce investor demand and dampen new housing construction. The reporting notes that the federal budget changes are expected to alter investment incentives in rental and property markets, and that these shifts may flow through to building activity. The experts’ central argument is that Victoria has an opportunity to mitigate potential negative effects by adjusting its property tax approach. While the outlets differ only in wording and emphasis, they all present the same concern: without changes at the state level, the federal reforms may compound pressures on housing supply.