Each day passes with policy enhancing the never ending Great Australian land bubble. Three of note include: the recent sale of $500m in Australian sub-prime loans by non-bank lender Pepper (AFR, paywalled), bundled together as Residential Mortgage Backed Securities. Moody’s…
Yesterday REIWA president David Airey issued a call in the West Australian newspaper for the WA government to abandon Stamp Duty and fund this by removing the many wheezes from the tattered State Land Tax. Hooray! Airey says: “It’s time…
If the Grattan thimkers wanted to reignite prosperity and national competitiveness, they would look at the cost of land – for Rural, Manufacturing and Services, for business and for workers alike. Inexpensive land de-risks all economic activity. We have been bloody fools to abandon this vital natural advantage to the ticket –clippers.
An interview on Lateline Business with Harley Dale (HIA) and Saul Eslake makes for interesting viewing on whether Negative Gearing will be grandfathered and quarantined to new housing only in the upcoming May budget. At about the 10 minute mark…
The latest report by the Australian Bureau of Statistics on the world leading System of Environmental Economic Accounting was released yesterday. The ABS have taken a lead role in developing the system at the United Nations level over the last…
by Pat Aller Arden, Delaware July, 1999 The Georgist Philosophy in Culture and History: How to Broaden Our Focus to Strengthen Our Message. We’ve been asking this question for over a century. The very fact that we are in Arden…
Written by Leith van Onselen and cross posted from Macrobusiness. Business Spectator’s Rob Burgess wrote a great article over the weekend arguing how the current structure of Australia’s Budget risks generating a generation of tax slaves, as younger generations are…
Australia has blown a land bubble of immense size. This troubling reality has finally come to the attention of the Senate and obliged it to examine the matter. Prosper Australia’s submission to the Senate Housing Affordability inquiry examines nine key economic…
This morning I was interviewed by ABC (radio) news regarding Planning Minister Matthew Guy’s ‘Super Tuesday’. The questions focused on “the largest number of private residential permits made on one day by the state government”. Will they make a difference?…