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Land: A Key Natural Advantage

Last night, the Reserve Bank of Australia Governor Glenn Stevens acknowledged Australia may have given away a key natural advantage: inexpensive land.  As far as I am aware, this is the first time the Governor has used this language. Hectares of softwood and...

No Land for You, Melbourne

The Napthine government is determined to limit land supply and thereby further increase the cost of land for all in Melbourne. The price of freshly subdivided land on the outskirts of cities affects the market all the way to the centre.  Constricting peri-urban supply...

Queensland’s Retrospective Theft

  Midnight Wednesday, the Queensland Parliament amended the Local Government Act and the City of Brisbane Act to legalise the theft of around $2.3 billion in differential rates charged by 20 councils on non-resident owners over the last twenty years. The...

The eternal sunshine of the empty mind

The Queensland Supreme Court has struck out the differential rate some Queensland councils charge investors over and above residents on similar properties.  Councils may be forced to pay it all back.  $300 million a year is in doubt. This landmark decision exposes the...

ACT landowners are revolting

The Property Council of Australia is ‘vehemently opposed’ to Canberra’s special land levy to part-fund the $600 million light rail project from Gungahlin to the city, calling it “just another property tax in disguise”. The PCA’s Catherine Carter says, “To tax again an...

Goody Goody Goody!

Sometimes, through the smoke and fireworks of the national debate a political commentator sees the path forward and points the way. Today in the Australian Financial Review, Alan Mitchell takes a far-sighted approach to the crisis provoked by the Abbott government in...

WA shows tax reform leadership. Well, I hope so.

  WA Treasurer Mike Nathan has heard the call from REIWA President David Airey to end Stamp Duty and fund this by removing exemptions from State Land Tax, according to today’s West Australian newspaper. I warmly welcomed Mr Airey’s comments yesterday because they...

REIWA: Abolish Stamp Duty for State Land Tax

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 to recognise that stamp duty...