Prosper Australia shocked the Senate Economics Committee inquiry into Housing affordability with the view we have no supply constraints - because rents haven't budged. They have been hearing from every vested interest that Supply! Supply!! Supply! is the key...
BLOG: boom-bust
The Reserve Bank of Blackjack
The lack of intervention by the RBA over recent years has left the Australian banking system facing an inevitable confrontation. A confrontation that will suck the very life out of the Australian economy; and our way of life. Lets face it, incomes, and GDP are simply not keeping up with the banks toxic spending binge.
Land: A Key Natural Advantage
If the RBA and our economic mandarins observe a national strategic advantage they have an obligation to foster it and deploy it to the advantage of all. One of ours is space. We have chosen to welcome migration, dig up minerals, grow crops and animals – but also to strictly ration by price the access to land for young adults.
Victoria spends on Road, Rail. Pity about the Stamps.
There is a better revenue base available to Victoria today: State Land Tax. Just remove its exemptions, thresholds and wheezes and consign Stamp Duty to the scrapheap. That SLT has deadweight losses of nil, so no wasted lives or people trapped in and out of housing.
Thimk, Grattan Institute, Thimk!
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.
Australian property through foreign eyes
By Catherine Cashmore, a market analyst, journalist, and policy thinker, with extensive industry experience in all aspects relating to property. Follow Catherine on Twitter or via her Blog. I had the good fortune to meet two investors from Dallas Texas last week –...
Marvelous Melbourne, Magical Margins
The weighted net annual rate of return on land investment in Melbourne 1880-92 was a remarkably high 34.6 per cent, peaking at 78.3 per cent in 1887, according to a fascinating paper researcher Philip Soos has unearthed Rates of Return on Melbourne Land...
Can the Senate address housing affordability
By Catherine Cashmore Reposted from Macrobusiness In the final hours of Federal Parliament for 2013, Labor Senator Jan McLucas succeeded in establishing an inquiry by the Economics References Committee, in addressing Australia’s growing housing affordability crisis,...
Kohler condemns expensive land
Alan Kohler is out this morning on Business Spectator with a big swipe at Conservative state governments. Yes, that is conservative with a capital ‘C’. He sees at last the destruction the cost of land is wreaking from Port Hedland to Hobart. The high price of land in...
Australia’s FIRE Sector Propaganda Matrix
by Paul Egan In the cult science fiction Matrix movies, people live within a simulated reality created by artificially intelligent machines who feed from their life energy; a dream world that has enslaved humanity due to a blissful lack of awareness of the invisible...