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Thimk, Grattan Institute, Thimk!

  The Grattan Institute has just published a new study Mapping Australia’s economy: cities as engines of prosperity that looks carefully at where the new jobs are and how this is reshaping who we are and what we do. I have a soft spot for the thimkers at the...

Australia’s Magic Pudding

      ‘The Magic Pudding’ was written by Norman Lindsay nearly 100 years ago. Albert the pudding has thin arms and legs and is a bad-tempered, ill-mannered so-and-so into the bargain. His only pleasure is in being eaten. No matter how much of the pudding one...

AHURI is ‘Home Alone’

  In an extraordinary outburst, the Australian Housing and Urban Research Institute has today embraced planning constraints on urban subdivision, elevating ‘developer certainty’ over the risk – heaven forbid! – of oversupply. I kid you not. “While it is almost...

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...

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...

Stamp Duty stifles labor mobility

The Productivity Commission is out with a major study that recommends ending Stamp Duty on conveyances in favor of a land value tax to avoid trapping people in their homes when better jobs beckon elsewhere. The Geographic Labor Mobility report examines the match...

On the edge of realty (sic)

AHURI published Friday an important new research paper ‘The edges of home ownership’ about churn in the property market that deserves our close scrutiny and debate. Wood, Ong et al compare the UK and Australian experience of those leaving and reentering home ownership...