David Collyer

Housing affordability and the changing debt burden of a typical mortgage

on

by Philip Soos reposted from The Guardian Australia’s historically high and rising housing prices are widely debated and have prompted a number of government inquiries into housing affordability. The question stands open: is housing affordable in Australia? Affordability is often confused with related concepts such as ease of entry, serviceability and valuation. Ease of entry […]

Read more

Redirecting Royalties to the Rural Rump – The Nationals go vote-harvesting

on

The Western Australian election 11 March will be a furious battle, but don’t bother with the popcorn – the ALP led by Mark McGowan is set to win easily and the fireworks of One Nation will prove a damp squib. Facing certain defeat, the Liberal–National Coalition are playing hard-ball to minimise their losses. The close […]

Read more

Building bridges to ourselves: Infrastructure Australia’s Value Capture initiative

on

A great way to bury an unwelcome government report is to release it into the alcoholic haze of a hot Australian Christmas. Infrastructure Australia’s Capturing Value paper is too important to suffer this fate: who pays for the infrastructure we need is a matter of first importance. Australia’s excessive reliance on labour taxes means wage-earners […]

Read more

Productivity and Prosperity? Yes Please!

on

Last month, the Productivity Commission delivered a damning assessment of Australia’s productivity performance over the last 12 years in the discussion paper Increasing Australia’s future prosperity. They asked for submissions with fresh ideas. Prosper has a few: • Attack rent seeking at its source by taxing land rents through a land value tax • Unwind […]

Read more

Next time government says it can’t afford to build, wave this IA report in their face

on

Australia has a problem: we can’t build roads, rail and schools as fast as population is growing with current government financing methods. Failing to keep up with our current needs – let alone investing for an uncertain future – puts the living standards of everyone at risk. We and our ancestors worked very hard to […]

Read more

True Grit: leadership, political backbone and advancing the national interest

on

The worst tax we pay is a state charge – conveyancing Stamp Duty, which makes it hard, sometimes impossible, to move across town to a better job or around the corner to a bigger or smaller home. Anyone living with modern teenagers and the elderly in a house of many steps or plentiful weeds know […]

Read more

Retiring to live on the fat of the land may not be possible – rents are falling

on

CoreLogic’s Quarterly Review of the residential property market released yesterday brings sobering news for land holders – particularly Australia’s 1.2 million strong Negatively Geared investor class. Rents are falling. Source: CoreLogic CoreLogic’s Tim Lawless observes: “Rental incomes are falling across the combined capital cities in the midst of the weakest rental market on record. A […]

Read more

Seize the Day, Scott Morrison – rid Australia of a bad tax and free up the land

on

The land supply equation in Australia – flashing red danger signals for years – has finally come to the attention of federal Treasurer Scott Morrison, who is charged with the task of advancing national prosperity. He may even be prompted into action. Notoriously well-connected Alan Mitchell is out today in the AFR with the latest […]

Read more

Tim Pallas protects land tax revenues – and the people of Victoria

on

The Victorian Treasurer yesterday dismissed belly-aching by holders of valuable parcels whose private joy over the strong rises in land prices comes with a sting – their State Land Tax went up too. ‘‘The government is not considering reducing land tax rates in response to a cyclical upturn in land values,’’ Mr Pallas told the […]

Read more

Exposed: Scomo’s ‘fix’ on housing costs a sop to Libs’ Big Developer donors

on

by Warwick Smith Warwick Smith smells a rat in Scomo’s sudden solution to housing affordability – planning reform – coming just ten days after developers’ call for same. SCOTT MORRISON has suddenly announced that he cares about housing affordability. This is interesting given his strident opposition to getting rid of negative gearing and the concessional […]

Read more

https://prosper.org.au/author/david-collyer/