englobo

The fragrant vagrant is not a rose by another name

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Melbourne City Council is wringing its hands again over developer land vagrancy – prime sites deliberately held vacant or with disused, dangerous buildings to assist developer lobbying of government for rezoning or advantageous building permits. The issue last hit the news when a wall collapsed at the old CUB site in Swanston Street in 2013 […]

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The Metricon Judgement

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In March last year, the NSW Supreme Court set aside the NSW Office of State Revenue’s assessment for land tax in 2009-13 on certain lands at Terranora in the Tweed Valley held by Metricon. The developer bought the $60m aggregation to subdivide for residential use. It side-stepped a land tax liability of around $1.2m per […]

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Missing the point on corruption

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by Dr Cameron Murray reposted from macrobusiness On Friday 28th April I am appearing and Queensland’s Crime and Corruption Commission’s Operation Belcarra as an expert witness on relationships between councillors and property developers, and how that leads to favouritism. A narrow focus What is interesting from my perspective is how narrow the focus of the […]

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Does your SMSF have a goat?

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Those with a Self Managed Superannuation Fund who hold englobo land in Victoria will need a fresh accessory after the state budget: a goat to eat weeds. Treasurer Tim Pallas has kindly extended the englobo wheeze that deems unimproved land within urban growth boundaries to be primary production land and exempt from State Land Tax […]

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Metricon wins land-tax case – everyone loses

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The national pastime of withholding land from use and enforcing scarcity has been boosted in the NSW Supreme Court when developer Metricon won a land tax case against the Chief Commissioner of State Revenue. Metricon successfully argued grazing a few cows to keep the grass down on land it had bought for residential development made […]

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The good ol’ boys clean up

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Fairfax’s Michael Pascoe writes today about Murray & Frijters’ study Clean Money in a Dirty System: Relationship Networks and Land Rezoning in Queensland which found politically connected developers gained $410 million through favourable rezoning decisions in Brisbane in the years 2007-2012. Cameron Murray and Paul Fijters of University of Queensland comprehensively scoured records and assembled […]

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The great land banking scam exposed

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by Cameron Murray Property development can be a dirty business, particularly when it comes to land-banking, which is the speciality of Australia’s largest developers. Land-banking involves the speculative buying of large parcels of land that are currently unsuitable for development in the hope of future development potential. But hope alone is not a business strategy. […]

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Land Banking Profits during a Housing Supply Crisis – Englobo 2014

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Land in Australia should be dirt cheap.  All levels of government must explicitly recognise outstanding access to land for all is a key national advantage that simply cannot be imitated by other countries.  For state governments, close scrutiny of planning and a review of exemptions from State Land Tax are fundamental to reducing land costs. […]

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Englobo, Speculative Vacancies, the Wealth Illusion

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Having trouble reading this newsletter? View it online. THE ENEWS OF PROSPER & EARTHSHARING AUSTRALIA OCTOBER 2014  Englobo 2014 Report Launch – tomorrow night  Thursday, October 30th, 6.30 – 8pm Level 2, 22 Punch Lane, Melbourne Presenter: David Collyer RSVP, donations appreciated We hope you will join us tomorrow evening as David Collyer launches Englobo 2014 […]

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Englobo Report Launch, Thursday October 30th

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Thursday, October 30th 6.30 – 8pm Level 2, 22 Punch Lane, Melbourne Presenter: David Collyer RSVP, donations appreciated Join us for the launch of David Collyer’s investigations into the land holdings of Australia’s largest property developers. Englobo 2014 – Land Banking Profits during a Housing Supply Crisis is set to be an explosive report – just how […]

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