Rezoning Windfall Gains Tax – FAQs
Homebuyers might be wary of taxing rezoning windfalls, because they worry it will increase the sticker price of housing. The property industry says that taxing rezoning windfalls will increase the cost of housing because the tax will be passed on. They also say that...
Rezoning windfalls tax for Victoria!
I was once told by a senior industry practitioner in a post-graduate property lecture: “The best way to make money in this game is to buy a piece of farm land on the urban fringe and lobby to have it rezoned.” Totally rational approach given the pot of...
Submission to Victoria’s Ten Year Affordable Housing Strategy 2021
Prosper’s submission focuses on the scope of the strategy. We do not believe that a long term strategy for affordable housing can ignore the political economy of private freehold land ownership. Understanding the distinction between owning a home and owning a...
Housing vacancies continue to increase as land price booms
Vacant Residential Land Tax is ineffective in curtailing property vacancies in Melbourne. Policy must prioritise housing as a human right, not a profit generating tool. Budget housing policy will drive up land prices, countering the need for fairer post-covid housing...Republish this article
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