Libs Won’t Triple Your Rates

  • Repeal ACT Labor’s plan to triple rates
  • Save Canberrans thousands

ACT Opposition Leader Zed Seselja and ACT Shadow Treasurer Brendan Smyth announced today that if elected, a Canberra Liberals Government will repeal ACT Labor’s plan to triple rates for Canberra homeowners. Mr Seselja said this is an integral part of the Canberra Liberals’ plan to address the cost of living pressures created over 11 years of the ACT Labor Government.

“The Canberra Liberals strongly believe that cost of living pressures are a problem that must be tackled now,” Mr Seselja said.

“That’s why if elected, we’ll repeal ACT Labor’s plan to triple residential rates, saving Canberrans thousands a year.

“Since ACT Labor came to power, rates have already doubled in some suburbs, the average first home now costs over $400,000, water costs have tripled, and electricity has risen by 85 per cent.

“This year alone, some residential rates have risen by 40 per cent.

“Today’s commitment is an important part of the Canberra Liberals’ plan to tackle housing affordability and reduce the cost of living. It’s backed up by stamp duty cuts, expanding the Home Buyer Concession Scheme, a land bank, and taxation reform,” Mr Seselja concluded.

Mr Smyth said ACT Labor has not been upfront with Canberrans about their plan to eventually triple rates.

“When the Canberra Liberals asked how much rates would increase by under ACT Labor’s plan, Andrew Barr referred us to the Quinlan Tax Review,” Mr Smyth said.

“This review states that current average annual rates will triple to $3,867. This is what we know for certain.

“The Canberra Liberals won’t triple residential rates, and today’s announcement delivers on our commitment to address the cost of living pressures, and to give residents better basic services at a lower cost,” Mr Smyth concluded.