They have been spending recklessly and are trying to find ways to pay off their ballooning debt.
This is why they have introduced new land taxes in Victoria and New South Wales.

You have the power to change the country. See how you can with Australians for Prosperity.
Your story will be sent to your local Federal MP, forcing them to listen. As the debate around the cost of living crisis grows, we are building a campaign where stories are very powerful. We might contact you about your story and how we can use it, with your consent.
Your land tax story will be automatically sent to your local State MP, forcing them to listen. As the debate around land tax grows, we are building a campaign where stories are very powerful. We might contact you about your story and how we can use it, with your consent.
No one is listening to the human consequences of higher land tax bills. State governments don't care; they just want your money. They treat us like a piggy bank to be raided, ignoring the fact that we have gone without, saved, and sacrificed. Higher bills mean we pay more just to keep what we have earned.