From the 1st of January 2025, the Victorian Government is expanding its Vacant Residential Land Tax (VRLT). If you own property in Victoria especially one that’s unoccupied or underused – it’s important to understand how this change could affect you.
Holding on to a vacant property could soon come with a hefty price tag.
What’s Changing?
Previously, this tax only applied to homes in Melbourne’s inner suburbs left vacant for six months or more.
From 2025, the scope is much broader:
- Applies statewide – All of Victoria will now fall under the tax.
- Covers vacant land – Not just dwellings. Residential blocks suitable for development will also be taxed.
- Self-reporting required – Owners must declare if a property is vacant and provide evidence to claim any exemption.
- Significant penalties – The tax is 1% of your property’s Capital Improved Value (CIV). That’s $9,000 annually on a $900,000 property.
What Properties Are Affected?
Your property may be liable if it’s:
- A house, unit or flat sitting empty
- A block of land that hasn’t been developed
- A second home or investment left unused
- An inherited property not yet sold or occupied
If the property isn’t rented, sold, or used as a main residence for more than six months in a calendar year, it may now be classed as vacant.
What Are Your Options?
If your property is at risk of being taxed, you have a few options:
- Move in – Not always practical.
- Rent it out – Viable short-term, but only if the home is ready to lease.
- Sell it – A clean way to avoid the tax and unlock your capital.
- Renovate and sell for more – A smart move if the home needs work before going to market.
How Flipro Can Help?
Flipro helps you avoid the tax and sell for a better result.
We provide:
- Renovation finance with no upfront costs
- Upgrades tailored to increase sale value
- End-to-end project management
- A quicker sale — ahead of the 2025 tax deadline
Whether it’s an outdated house, an empty block or a half-finished project, we handle everything – start to finish.
Don’t Let a Vacant Property Cost You
From 2025, leaving your property empty could cost thousands each year. Renovating now gives you the edge and Flipro makes the process simple and stress-free.
Avoid the tax. Maximise your sale.
Visit flipro.com.au to book your free consultation.