David Collyer

Stamp Duty slugs families $91 a month

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The Housing Industry Association today released their estimate that conveyancing Stamp Duty costs Australian households $91 a month. “By eroding deposits and making homebuyers borrow more, stamp duty is estimated to add $91 per month to household mortgage repayments for a median priced home,” HIA economist Shane Garrett said. “Apart from hurting ordinary households, stamp […]

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Dear Prime Minister, I’m an innovation worker and your ‘Plan’ will drive me away.

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By Matt Ellis reposted from RationalRadical Dear Prime Minister Turnbull, I am writing to belatedly and publicly call your bluff on your so called ‘innovation agenda’, which forms a key plank of your ‘Plan’ for jobs and growth. There are all kinds of reasons to be disappointed with your leadership of this country so far, […]

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The Andrews government underground gift to wealthy landholders

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Victorian taxpayers were kicked in the teeth yesterday by Public Transport Minister Jacinta Allen, who announced city landholders would not have to contribute to the $10.9 billion Metro Rail project, though they will enjoy substantial and certain land prices rises from its construction without lifting a finger. Improving access and speed to the city for […]

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SMH gets thoroughly modern and calls for a land tax

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The Sydney Morning Herald thundered about NSW government finances in a May 25 editorial: $17 b a year hole in NSW future finances. This is mostly the usual stern conservative stuff we have learned to expect from Fairfax. But it does close on an upbeat note: “The Herald has long called for NSW to transition […]

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REINSW: as trustworthy as the agents they represent

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The Real Estate Institute of New South Wales calls for conveyancing Stamp Duty discounts for first home buyers and “property consumers over 65 years of age” in its submission to the NSW government‘s June 2016 budget. They say: “The ultimate goal must be to abolish stamp duty. It is an unjust, inefficient and market-distorting tax.” […]

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Australia’s real lifters and leaners

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by Philip Soos When the infamous duo of Abbott and Hockey came to power in 2013, they embarked upon a polarising rhetoric of “lifters” versus “leaners” separating Australians into one of two camps. The split was a simple one: those who earn and engage in productive activity, indicated by making a revenue or wage and […]

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Whether limiting negative gearing to new homes would raise rents

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by Dr Gavin Putland Land Values Research Group For the first time that this writer can remember, a major political party is going into a federal election with a policy which, on its face, is designed to reduce the rate of increase of residential rents, allowing tenants’ incomes to catch up with rents. The Australian […]

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Perth rents free-fall liberates the tenantry

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, Perth house rents have fallen 8.4 per cent in the last year and units by 9.3 per cent according to SQM Research. High pay in the mining investment boom drew many skilled engineering professionals and trades to Perth. They are now going home, seen in the steep decrease in the rate of increase of […]

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Bad taxes are destroying our jobs and enterprises – here’s proof

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World-class fertiliser producer Incitec Pivot Ltd has painfully written $105m off its Gibson Island plant in Brisbane – squeezed by high gas costs, low Urea prices and bad taxes – just as it enters a major ‘shut’ to refurbish this key national industrial asset. Turning gas into nitrogen fertiliser is genuine value-adding, unlike the three […]

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4 Corners hard-boils ‘Home Truths’ from our land bubble

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Australia’s premier TV current affairs program 4 Corners has a reputation for game-changing. Thoughtful analysis and a giant audience will do that. When it thunders, the time has arrived for a full reset. Last night’s episode ‘Home Truths’ lanced The Great Australian Land Bubble, assisted by some of our favorite people. Prof Steve Keen, from […]

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