Price of Housing Outstrips Rent

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Price of housing outstrips rent (12/03/07). Remember that whilst rents haven’t kept pace with house prices , neither have wages. Landlords have many other advantages such as negative gearing (at around $2.4billion dollars p.a in subsidy to the property lobby, mainly coming from lower & middle class citizens who could never dream to afford a […]

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Property Lobby Again Ignores Laws of Economics

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Property lobby again ignores laws of economics (26/02/07). Research compiled by The Australian shows there is actually 10 years of land supply in Sydney, Brisbane & Melbourne with 155,000 lots zoned for residential development. However, developers say they will not develop this land as property related taxes have made these sites uneconomical to develop. Whilst […]

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23% of NSW Land Owned by Speculators

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23% of NSW land owned by speculators (26/01/07). Amongst the usual doom and gloom of the media attacks upon land tax we find the interesting stat that 23% of NSW land is owned by those lucky enough to own more than one piece of the planet. What are the figures around the country? Is this […]

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Hobart Has Made It Into the Big League! – Leo Foley

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The Mercury House prices have pushed us into the top 20 of unaffordable cities in the world. After seven years of boom, the legacy of this government, elected by ordinary working people, will be a city owned by the elites. It need not be so. House building is a competitive industry, and with proper foresight […]

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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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https://prosper.org.au/page/115/