Speculation the Real Threat to Housing Affordability

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Higher interest rates are the surface issue “The Great Australian Dream is being threatened by speculative forces rather than interest rates” said Prosper Australia spokesman Karl Fitzgerald today. The Howard Government’s expansion of negative gearing in 1996 put the blow-torch on young people’s hopes. The halving of Capital Gains Tax in 1999 added fuel to […]

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History’s Lessons – Terry Dwyer

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The Australian Mr Michael Janda’s advocacy of land value taxation as a means of lowering the tax burden on both workers and entrepreneurs is well advised. As Adam Smith recognized, there are only three factors of production – land, labour and capital – and only one of them does not flee or stop working or […]

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Unbiased Policy Advice Needed – Keith Thomas

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Crikey Re. “The crisis in our housing markets” (yesterday, item 2). David Imber is right to point to the self-seeking publicity from the real estate industry. I’d like to add that the emotional term “home” and the more neutral one “house” disguise the fact that the largest component in domestic property prices is often the […]

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How to Pay for Electricity Network Upgrades

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A Submission to the Review of Electricity Distribution and Service Delivery for the 21st Century http://www.energy.qld.gov.au/electricity/edsd_Review.asp estd. by the Queensland Government, March 1, 2004 Summary The benefits of sinking power lines underground — including fewer power outages, higher power quality, improved public safety, and a more attractive suburban landscape — have only marginal effects on […]

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Taxing Times – Dr Gavin Putland

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Canberra Times The ACT Opposition would have us believe that land tax reduces the supply of rental housing. How so? The tax is on the land, not the housing. The land can’t run away to escape the tax. The owners can’t escape the tax except by selling the land, and the resulting pressure to sell […]

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Housing Affordability – The Other Side of the Debate

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The real issue forcing land prices up are the huge economic rents available to land speculators. With Jeff Kennett’s move away from Site Value rating to Capital Improved Value (CIV) rating, land speculators can purchase land, sit on it and wait for the property to grow in value. The constant attack on State Land Taxes […]

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Land Supply and Housing Affordability Event Report

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Land Supply and Housing Affordability: Where do the Homeless fit in? Prosper Australia forum, Fri 13 October 2006 Ken Fernandes (Stop Evictions) & Bryan Kavanagh (Land Values Research Group) provided a cosy audience with a number of insights. Amongst many interesting facts, Ken gave us some startling evidence from Karachi, Pakistan: Since Jan 2006, 3,490 […]

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Market Forces Can Help Unions

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Yesterdays’ IR rally saw a call to action for workers to maintain the rage. However many AWA’s Beazley threatens to tear up, fundamental economic laws still need to be addressed. Prosper Australia today called on Government to curb land speculation to more effectively assist workers. “With commercial rents pushing upwards, every rental increase means there […]

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Developers Map of Sydney

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Developers Map of Sydney. Ever wanted to know how much of a return political donations give contributors? The economic rent delivered by such activities is staggering. We wholly support the reform of such loopholes that allow for legalized bribery. This ‘New Westminster’ system might just as well be called “Lobbyocracy”. In reading this map you […]

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Land Based Wealth An Illusion

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The Age Dear editor, Alan Moran (The Age, August 3, “Land-based wealth an illusion”) has it partially right. He correctly claims that inflationary pressures provide the impetus for interest rate pressures. He also correctly claims that there is a disparity between supposed wealth levels and savings levels, most of which is due to a monstrously […]

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