The unfolding ICAC investigation in NSW is set to reveal the tight network between property developers and the political process. Neil Chenoweth, lead investigative journalist at the Fin Review has written this extraordinary piece, outlining just how effective counsel Geoffrey Watson has been in unveiling the corruptive process on both the left and right. Chenoweth […]
There’s only one reason we have devastating house price booms and busts – the pre marker to any recession and economic disaster, and that is speculation induced in this case, through the privatisation of unearned gains.
WA Treasurer Mike Nathan has heard the call from REIWA President David Airey to end Stamp Duty and fund this by removing exemptions from State Land Tax
Each day passes with policy enhancing the never ending Great Australian land bubble. Three of note include: the recent sale of $500m in Australian sub-prime loans by non-bank lender Pepper (AFR, paywalled), bundled together as Residential Mortgage Backed Securities. Moody’s gave the thumbs up to the sale, despite 44.5% of loans being of sub-prime nature. […]
Yesterday REIWA president David Airey issued a call in the West Australian newspaper for the WA government to abandon Stamp Duty and fund this by removing the many wheezes from the tattered State Land Tax. Hooray! Airey says: “It’s time to recognise that stamp duty on property as a means to raise revenue is clumsy, […]
If the Grattan thimkers wanted to reignite prosperity and national competitiveness, they would look at the cost of land – for Rural, Manufacturing and Services, for business and for workers alike. Inexpensive land de-risks all economic activity. We have been bloody fools to abandon this vital natural advantage to the ticket –clippers.
An interview on Lateline Business with Harley Dale (HIA) and Saul Eslake makes for interesting viewing on whether Negative Gearing will be grandfathered and quarantined to new housing only in the upcoming May budget. At about the 10 minute mark Harley Dale makes an extraordinary statement that if this was to occur, there would be […]
The continual reinforcement that new infrastructure can only financed by privatising the last remaining public assets is worth challenging. According to Infrastructure Australia and Joe Hockey, a fire sale here or there is all that is required for a mere $220 billion. Then we can have all the infrastructure we need. But what if the […]