Canberra Times The ACT Opposition would have us believe that land tax reduces the supply of rental housing. How so? The tax is on the land, not the housing. The land can’t run away to escape the tax. The owners can’t escape the tax except by selling the land, and the resulting pressure to sell [...]
The real issue forcing land prices up are the huge economic rents available to land speculators. With Jeff Kennett’s move away from Site Value rating to Capital Improved Value (CIV) rating, land speculators can purchase land, sit on it and wait for the property to grow in value. The constant attack on State Land Taxes [...]
Land Supply and Housing Affordability: Where do the Homeless fit in? Prosper Australia forum, Fri 13 October 2006 Ken Fernandes (Stop Evictions) & Bryan Kavanagh (Land Values Research Group) provided a cosy audience with a number of insights. Amongst many interesting facts, Ken gave us some startling evidence from Karachi, Pakistan: Since Jan 2006, 3,490 [...]