Karl Fitzgerald

Value Capture Verve

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Prosper’s recent value capture submission answered pressing questions, an indication of how deeply the Department of Infrastructure is considering this vital funding mechanism. Read the department’s Value Capture discussion paper for an insight into their understanding. Value Capture submission Infrastructure Investment Division Department of Infrastructure and Regional Development February 2017 About Prosper Prosper Australia is […]

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The Hidden Role of Rent

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Fred Harrison summarises the various studies analysing the role of economic rents and why it is hidden from economic analysis. The interview is conducted by Andy Mazzone (Henry George School of Social Studies) as part of the Smart Talk series.

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Modelling housing failure

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Cameron Murray from Fresh Economic Thinking provides insight on why today’s housing modeling is not up to the task of providing accurate insights into urban development. The workhorse model of urban economics is the Alonso-Muth-Mills (AMM) model of the mono-centric city (the modern treatment is attributable to Jan Brueckner). Essentially this is the representative agent […]

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Foreign investor tax slug spreads

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Catherine Cashmore appeared on Channel 9 news last night to discuss the fact we are building the wrong type of stock to meet our growing community. The report compared the 80,000 apartments due to come onto the market over the next few years with the 80,000 vacant properties we identified in the Speculative Vacancies report. […]

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Property Lobby’s million dollar no-show

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On Friday May the 13th the entire real estate industry launched into full attack-mode against those willing to reform negative gearing and the capital gains tax discount. The ALP and the Greens have both announced reforms targeting the subsidy to landed interests. That night Channel 10’s The Project sought to find a representative to discuss […]

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The Easy Economics of High Speed Rail

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Last week I was invited to give a presentation at Melbourne University to the Beyond Zero Emissions discussion group on the ability of Land Value Capture to finance infrastructure. They also asked for an Econ 101 type introduction. In 2014, BZE released a report Zero Carbon Australia High Speed Rail. It is within this context […]

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4 Corners: Home Truths

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President Catherine Cashmore has been busy with the 4 Corners team filming a number of scenes around Melbourne. Tonight we find out which scenes make national TV in a much overdue investigation into the pressure housing affordability places on society. Thanks to all those supporters who have written into the show over the years requesting […]

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Who Owns the Earth?

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As published on Aeon, this gives a solid grounding in the overall philosophy of our equal right to the value of the earth. The best article I have read this year. by Antonia Malchik My mother likes to say she was born out of the back of a ’39 Ford. She wasn’t, actually. She was […]

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Kiwis look at Land Tax on foreigners

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Following the move by the Victorian government to increase taxes on foreign investors in real estate, the New Zealand government is considering it. We do note this type of piecemeal reform arouses concern at its discriminatory nature, distilling the people’s understanding of how Land Tax can benefit all people. Expect a growth in the size […]

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Launch reform

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The move towards Land Tax reform continues with two supportive papers out in the last few days. Launch Housing has a proposal to fund domestic violence programs out of a vacant housing tax. This was inspired by recommendations from the Royal Commission into Domestic Violence. They build a case for this urgent need by referencing: […]

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