Developer Levies drive up land prices

10 November 2011 MELBOURNE:- The Growth Corridor Plan announced by the Baillieu Government presents Melbourne with big challenges. How to pay for the massive infrastructure needed is front and centre – and unmentioned in the Plan. “Demand for new and better...

127th Annual Henry George Dinner Address

Cameron Murray gave the 127th annual dinner speech last night. Check his work at Fresh Economic Thinking Introductory remarks 1. To make health care affordable we broke this monopolistic market. We now spend over $100 billion to give everyone who needs it high-quality...
Value Capture – Selected Resources

Value Capture – Selected Resources

Studies quantifying the land value benefits of infrastructure provision: There is a wealth of studies that attempt to measure the uplift in land values due to public investment in infrastructure. These studies usually employ statistical methods, such as hedonic price...

Senator Day calls out land bankers

Finally a Senator has said it, on the front page of the Australian Financial Review: Senator Day described sections of the property industry as “carpet-bagging, rent-seeking bootleggers” who used political donations to wield ­influence to restrict land supply and...

Saul Eslake: 50 Years of Housing Failure

Address to the 122nd Annual Henry George Commemorative Dinner The Royal Society of Victoria, Melbourne 2nd, September 2013 by Saul Eslake An edited audio recording of the presentation was broadcast on this week’s Renegade Economists radio show. Note: The...

Land Value Capture

Land Value Capture Infrastructure vastly improves our quality of life and environment. It is one of the hallmarks of economic progress, and we all want more of it. Yet many governments have fallen short on their promises to deliver. Infrastructure funding in Australia...

Housing Industry Ploy

photo credit: Daquella manera The housing industry is attempting to re-write economic laws by pushing ‘as fact’ that a GST on food is more efficient than making wealthy property owners share the windfall gains that flow to land. The HIA has last week...

Privatisation and Public Finance

photo credit: Peter Blanchard The failure of both sides of politics to understand the role of effective public finance is undermining Australia’s future. Stamp duties in Victoria are plummeting, undermining the Baillieu government’s determination to...