Articles

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

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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 […]

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REIA contradicts itself on negative-gearing policy (updated)

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Further to my post of 21 May, I note that the Real Estate Institute of Australia (REIA) is now making two contradictory claims on Labor’s negative-gearing policy. In mid May, the REIA launched its campaign claiming that if negative gearing for future purchasers is allowed only for new homes, rents will rise, because: (a) investors, including investors […]

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Challenging the banks

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The Bernie Sanders-Hillary Clinton contest in the debates for Democratic Party presidential nominee is paring back to whether Main Street should challenge the Big End of Town. Sanders has questioned Clinton’s judgment at least, in accepting $225,000 to speak approvingly to Goldman Sachs’ directors. Her responses on the question to Sanders have been unconvincing. Behind […]

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If you’re not a property investor, your retirement plans don’t matter, says IPA

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by Dr Gavin Putland Professor Sinclair Davidson for the Institute of Public Affairs has written an “occasional paper” under the title “What politicians need to know about negative gearing”, opposing the known Labor policy of allowing negative gearing only for new homes (with grandfathering), and the possible Coalition policy of imposing some sort of cap […]

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Rezoning in Queensland rife for further investigation

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If only 4 Corners was edgy enough to cover this important work, because as Fairfax’s Michael Pascoe said, this research should be triggering a royal commission. Cross-posted from Cameron Murray’s Fresh Economic Thinking blog How to get your land rezoned: A QLD story My previous research looked at favouritism in land rezoning via the Urban Land Development […]

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A GST hike will hurt everyone. Everyone.

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The AFR’s economics editor Alan Mitchell has taken a Treasury briefing. He is out this morning offering all sorts of reasons why a broader, higher GST is a brilliant master-stroke that deserves universal applause. He knows, we all know, a Goods and Services Tax is regressive and unfair. Citizens earning up to $100,000 will need […]

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Judgement Day arrives for illegal foreign buyers

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reposted from Macrobusiness by Leith van Onselen Today is 1 December, which means that the amnesty on illegal foreign buyers of Australian residential real estate is over and the Government’s new penalty regime comes into effect. From today, a foreign national that has been found to have purchased an established dwelling without prior Foreign Investment […]

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Reform Agenda Machinations

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Published as The Planned Obsolescence of the Public Interest in Online Opinion A fascinating power play continues in the debate over vertical fiscal imbalance. The strategic intent is prevalent from federal to local politics, where the health of the public revenue raising system is undermined. This sideshow diverts from the beneficiaries that Adam Smith once […]

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Australia cries ‘Aorta!’

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Australians love to whinge about our bust federal system. It is a national sport where we stand around with hands in pockets and call out “Aorta!” “Aorta deregulate!” “Aorta fund schools! “Aorta cut taxes!” “Aorta build roads! Consider our public hospitals – which always seem in crisis, despite the good outcomes and the rivers of […]

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Do we at last have an Infrastructure Prime Minister?

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Over the weekend, Prime Minister Malcolm Turnbull delighting Queensland Premier Annastacia Palaszczuk by announcing a federal contribution of $95 million for the Gold Coast light rail project. Journalists have leapt on this new policy stance, different from the previous PM Tony Abbott who point-blank refused to fund public transport, and called for roads, roads, roads. […]

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