Land Bubble, Tax Bubble

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  by Bryan Kavanagh reposted from On-line Opinion I’m constantly told Australia’s land prices are astronomically high because of our high rate of immigration and the shortage of supply of residential allotments So, it seems the price of a block of land has simply been reduced to an issue of supply and demand. However, in […]

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Canberra Land Lease reform

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Canberra Times March 17, 2013 Christopher Erskine (Time for a new lease on life, March 9, p7) is correct that it was the writings of American political economist Henry George that inspired Canberra’s founders to put in place a leasehold system of land tenure. It was envisaged by many, including Walter Burley Griffin, that land […]

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Stamp Duty: Inefficient, Unreliable, Inequitable

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  Victoria’s new Treasurer Michael O’Brien has called for a discussion on ending Stamp Duty on property conveyances.  Prosper welcomes this opportunity to consider the quality of Victoria’s tax bases and the costs they impose on citizens. Stamp Duty is a very bad tax and highly inefficient.  It discourages buying and selling property.  It excludes […]

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Englobo II: The Money Sleeps

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  A fact-free defence of urban planners in The Conversation yesterday has left me fuming about how this group is immersed in process and blind to The Game being played around them. The Game boosts land prices, creates serviced land shortages and impoverishes all who need shelter. Planners are proud to quickly turn around conforming applications.  […]

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Listed Developer Englobo Holdings

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  7 March 2013 Prosper Australia today issues its update of ‘Englobo’ holdings of listed property developers (attached), as revealed in their audited half year accounts recently released to the Australian Stock Exchange. Based on last year’s sales – the current pulse of activity – listed developers hold an average 20.4 years supply, up from […]

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Hot Speculative Money & Asia

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Governments in China, Hong Kong and Singapore are acting to curb property speculation. Zero Hedge comments: The reason for this “hot money” phenomenon is the easy money policy adopted by all the world’s central banks (except for the PBOC of course, which is forced to stick with reverse repo-based ultra short-term money injections), coupled with […]

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https://prosper.org.au/2013/03/