Subsidised tenancies in Council portfolios
Across Victorian local government, community occupancy portfolios sometimes run to hundreds of tenancies per municipality: sporting pavilions, community halls, kindergartens, club rooms, and offices occupied by service providers. A large share sit on peppercorn, or heavily discounted rents. Almost none carry a visible price tag.
Why Victoria’s Tax Settings Are Exposing a Missing Layer of Property Strategy
For decades, holding real estate was a forgiving strategy. Capital growth often masked inefficiencies, allowing underutilised assets to remain in portfolios without immediate consequence.
That is no longer the case.