Key Highlights

  • One Nation would lift Victoria's foreign purchaser duty from 8%.
  • It would scrap the 10% duty on home, contents and car insurance.
  • It would repeal Labor's land tax increases.
  • The party has published no costings or rates for these changes.

One Nation is taking a property tax platform to the Victorian election on 28 November that would make foreign buyers pay more and remove stamp duty from household insurance. The party also promises to repeal Labor's land tax increases and review every fee and charge on new homes. None of the measures has been costed in the election policy tracker, but with caretaker mode under way and voters weighing tax promises, here is what is on the table.

The promises, and how rivals compare

The Victorian election policy tracker, updated on 4 November, lists these One Nation promises on property and related taxes:

  • Raise the foreign purchaser duty on residential property.
  • Abolish the 10% stamp duty on home, contents and car insurance.
  • Repeal Labor's land tax increases.
  • Review every government fee, tax and charge tied to the cost of new homes, and cut those no longer justified.
  • Free up granny flats and spare-room rentals from state interference.
  • Offer incentives to private and community groups to build low-cost housing, and release under-used government land.

The party also promises to remove stamp duty on establishing new businesses, and to require community consultation before high-rise development in established suburbs.

These are election promises. They are not legislation, and the tracker gives no costings, rates or start dates.

The other parties' platforms set the context. The Coalition has pledged no new or increased taxes and a cash surplus by 2032, and promises to scrap the tax on short-stay accommodation and the emergency services levy on family homes, according to the tracker.

The Greens want to abolish stamp duty on homes under $1.1 million and to try to introduce an ultra-wealth tax on investors owning more than $5 million in residential property.

Labor's land tax rollback is outlined below. Its housing pitch centres on building homes reserved for first-home buyers.

Foreign buyer duty: how much higher?

Victoria already charges foreign purchasers of residential property an additional duty on top of ordinary stamp duty. The State Revenue Office sets the foreign purchaser additional duty at 8% of the dutiable value.

A foreign purchaser generally includes individuals who are not Australian citizens or permanent residents, as well as some foreign-controlled companies and trusts.

One Nation has not said, in the tracker, how high it would lift that rate. That leaves the size of the change, and how much revenue it might raise, unknown.

Policy tracker does not list a foreign purchaser duty commitment from the Coalition.

Insurance duty: the tax on your premium

Insurance duty is a state tax charged on general insurance premiums. The policy tracker describes it as a 10% stamp duty on home, contents and car insurance. Insurers collect it and pass it on to customers through the premium.

Abolishing it for home, contents and car cover would directly lower premiums, assuming insurers pass the saving through. It would also cut into a revenue stream the state relies on, and One Nation has not said how that gap would be filled.

Hypothetical example: what the changes could mean

Hypothetical example: a Victorian household pays a base premium of $1,800 a year for home and contents insurance and $1,200 for car insurance, a total of $3,000.

At a 10% duty rate, that adds $300 a year. Removing the duty would save that $300, if insurers passed it on in full. The figures are simplified and ignore GST and other charges that also appear on bills.

Now consider a foreign buyer purchasing an $800,000 established home. At Victoria's general rates, ordinary duty is $2,870 plus 6% of the amount above $130,000. That is $2,870 plus $40,200, or $43,070.

The current 8% foreign purchaser additional duty adds $64,000, taking the total to $107,070. Every additional percentage point on the foreign duty would add another $8,000 on this purchase.

That means this foreign buyer already pays about two and a half times the ordinary duty a local investor would pay on the same home. The two promises would affect very different groups: insurance duty touches almost every insured household, while the foreign Surcharge applies to a narrow pool of buyers.

Land tax, new home charges and the federal picture

One Nation's promise to repeal Labor's land tax increases puts it alongside the major parties on the direction, if not the detail.

According to reports, Labor promises to roll back its own land tax increases, returning rates to previous levels progressively over six years. The Coalition says it will reverse Labor's increases, with the aim to "reverse the threshold for land tax to 2023 levels".

The tracker does not say how quickly One Nation's repeal would happen or what it would cost.

The review of fees, taxes and charges on new homes is broader. It could reach into developer contributions and other charges that feed into the cost of new housing, but the tracker gives no detail on which charges would be cut.

The promise to free up granny flats and spare-room rentals is framed as removing state interference. The tracker does not say which planning or tenancy rules would change.

The state platform sits beside One Nation's federal pledge to restore the 50% CGT discount and negative gearing on up to two properties.

At the federal level, the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 is enacted law. It replaces the 50% CGT discount with cost-base indexation and a 30% minimum tax for gains accruing from 1 July 2027. It also limits negative gearing for residential property bought after 7:30pm AEST on 12 May 2026 to new builds, applying from 1 July 2027, with existing holdings grandfathered.

State parties cannot change those federal rules. What a Victorian government can change is stamp duty, land tax, insurance duty and the foreign purchaser surcharge.

What to watch

  • Before 28 November: any costings or detail from One Nation on the foreign duty rate and the cost of abolishing insurance duty.
  • 28 November 2026: Victorian state election.
  • After the election: whether any One Nation measures are taken up in the new parliament.
  • December 2026: the federal Mid-Year Economic and Fiscal Outlook (MYEFO).