Rachel Dexter
June 11 2024
The independent policy institute, Prosper Australia, applauded the conversation around the role rates play in housing affordability, but warned speculators hoarding vacant land was a bigger issue than individual landlords.
“From our perspective, vacancy (of homes and blocks) is the biggest issue in areas like Merri-bek, and state-based vacancy taxes are more effective mechanisms to encourage housing onto the market,” Prosper Australia spokeswoman Rayna Fahey said.