With the growing pressure to find affordable accommodation and our excitement at the Canberra Land rent proposal, we thought it high time we showed you a growing trend through the northern hemisphere – Community Land Trusts by Prosper Tasmania’s Leo Foley (Based on material from the Institute of Community Economics, Massachusetts) A Community Land Trust [...]
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Today’s Sydney Morning Herald article on Empty Dwellings in a City Desperate for Places to Live has exposed the raft of vacancies prevalent when land banking trumps housing affordability. It quotes how 122,211 sites were vacant in the 2006 census, reminding us of the findings from the I Want to Live Here report. Negative gearing [...]
Our Policy Position on the hotch potch of property taxes is now online. With affordability reaching epic proportions, it is time governments of all levels looked into the eyes of the problem – inaccurate council rates and land taxes. With council rates going out at present, we have seen headlines promoting all the usual scaremongering. [...]
The day after the 2008 Federal Budget, Gavin Putland (our Research Officer) sent three letters to newspapers. This one was sent to THE AGE, which exercised its editorial discretion not to publish: Cop-out On Inflation And Rents If a Budget is to be anti-inflationary, it must stimulate supply more than demand. Most importantly, it must [...]
Saturday’s Age article on Melbourne’s rental growth outstripping all other states is reflective of current government policy at all levels – local, State and Federal. When combined with record immigration levels, property flipping will continue unabated. Prosper Australia spokesman Karl Fitzgerald was quoted in another Age article on Home Buyers Lose out in Tax Change. [...]
By Bryan Kavanagh Treasury’s mission is “to improve the wellbeing of the Australian people by providing sound and timely advice to the Government, based on objective and thorough analysis of options, and by assisting Treasury Ministers in the administration of their responsibilities and the implementation of Government decisions.” It aims to assist: 1. A sound [...]
Yesterday’s Federal budget surplus of $21.7 billion raises the spectre of a global trend tied to the principles represented on this website. Take the foreign reserves of Singapore (US$176bn), Hong Kong (US$160bn) and Russia (US$563 bn). Singapore and Hong Kong have raised a significant proportion of their revenue via the capturing of economic rent from [...]
The Swan Federal budget was limited in its’ vision, giving with one hand in the old welfare game but taking away with the other by providing further subsidy to propertied interests. Whilst it is widely reported that the wealthy were hit by means testing, fellow Georgists were busy joining the dots between the $40billion worth [...]
March 08 figures reveal that loans for first home owners dropped to just 16.4% of owner-occupied approvals. Yes 16.4%! The Great Australian Dream is being dominated by baby boomers and/ or speculators. Those that most need a roof over their heads are the last in the queue. Why is this so? Loans for new dwellings [...]