Prosper Australia

Land Hoarding the Real Threat to Housing Affordability It is govt fiscal policy at all levels rather than land supply issues that are leading to the housing crisis. “The reductions in Land Tax at a State level and moves away from Site Rental to Capital Improved Value rates by local governments (Victoria) have been the [...]

So the State government is now facing a shortfall of $600 million dollars for schools in needy areas following the decision not to sell the Snowy Hydro (The Age, June 3, “Howard’s Snowy Meltdown”). But from where is the State government going to get the money from? One obvious avenue is to renege on the [...]