Victoria's Windfall Gains Tax (WGT) is one of the most controversial property taxes in Australia — and many investors still don't know it exists. 🇦🇺🏠💸 In this episode of Talk Property To Me, hosts Brad East and Aaron Downie break down how the Victorian Windfall Gains Tax works, why it's often called a "hidden property tax", and how it can charge up to 62.5% on rezoning-related land value increases — even on unrealised gains (yes, you can get a tax bill without selling the property). ⚠️📩 If you own property in Victoria, invest in Australian real estate, buy land in growth corridors, or you're watching rezoning changes (low density → medium/high density), this episode is a must-watch. We cover the $100,000 threshold, marginal tax rates, real examples, land tax comparisons (VIC vs NSW), exemptions, deferral options, and why this policy may impact housing supply, developers, and private investors. 📈🧾 🔍 Key Topics Covered: ✔️ What is the Victorian Windfall Gains Tax (WGT)? ✔️ How rezoning triggers a tax bill (even if you don't sell) ✔️ Example: land value doubles → massive tax liability ✔️ The 62.5% marginal rate explained ✔️ Victoria land tax vs NSW thresholds ✔️ Exemptions & deferring payment until sale ✔️ What investors can realistically do