housing affordability

The Monthly Discussion – Gate crashing the Fabians

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What: Housing and Homelessness – The Fabians Where: Melbourne Multicultural Hub – Green Room | 506 Elizabeth St. Melbourne When: Wednesday, June 26 Time: 6pm Cost: Free – RSVP here The Australian Fabians are running an interactive event on “Housing and Homelessness” that coincides with the time we normally run our own discussion night. So we […]

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Pallas backhands ‘Tennis Court Exemption’ as Vic’s finances shrink away

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Victorian Treasurer Tim Pallas has pre-announced Land Tax changes ahead of Monday night’s state budget. Expect a dramatic budget contraction as Victoria’s key ‘own revenue’ source, Stamp Duty, has shrunk with the fall in both property transaction volumes and prices. “The government says stamp duty revenue will collapse by an average of $1.3 billion a […]

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2019 Federal election policy comparison

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The 2019 Federal Election is only a few days away… But how can you maximise your vote to shift the tax system away from unproductive rent seeking? Which parties have the best policies to deter land speculation, and reduce wealth inequality from inflated land prices? Prosper has produced a brief policy scorecard for parties with […]

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Finally, Negative Gearing oversight

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Have you ever wondered what oversight is provided to ensure investors place their properties on the market at market rents? Or do some push rents higher so they fail to rent and NG writeoffs are accentuated? Recently the Greens senator Peter Whish-Wilson had the following ‘questions on notice’ answered by the ATO in the Senate […]

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Will Rents rise under Labor?

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The proper function of the property industry is to keep the productive economy housed as cheaply as possible, so that investment in future production is not crowded out by the cost of occupying space — that is, by the cost of mere existence. To serve this purpose, the property industry must itself be productive — by […]

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Media Release: The Economy Made Easy

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Real estate cycle expert Bryan Kavanagh says turnover and price declines in Sydney and Melbourne during 2018 indicate an economic recession in the 2019-20 financial year. The 2018 “Kavanagh-Putland Index”, released today, shows the total value of Australian real estate sales to GDP. Mr Kavanagh said the $50 billion pumped into markets by the Rudd-Swan […]

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HomesVic: An equity share of a broken housing market

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Like most 30 somethings with a substantial HECS debt and an addiction to avocado on toast, I am an aspiring first home buyer. I’d love to buy the home I currently rent: a daggy 1960’s ‘six-pack’ flat on a main road in Footscray. It’s currently valued around $360,000. To put down a 20% deposit, I’d […]

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Does taxing investors drive up the rent?

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The Productivity Commission’s recent five year review, “Shifting the Dial”, brings the welcome recommendation of a shift from stamp duties to a broad-based land tax. Stamp duty is a dud tax from the economist’s point of view; it doesn’t achieve an obvious redistribution goal and is a disincentive to downsizers. Land value taxes by contrast, […]

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Greens discover the housing, tax and wealth reality

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The Greens have a new housing policy out. They begin with the high principle that all should have access to land then veer off with emotion at the tax rorts available to the wealthy. Everyone Needs A Home calls for an end to negative gearing, the Capital Gains Tax discount and proposes exchanging state-based Stamp […]

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Leadership is more than presiding, Gladys

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Economist Peter Abelson has dropped a bomb on Sydney’s madly expensive land market, asserting the usual demand and supply equations have little influence on prices while major positive benefits are available from ending Stamp Duty and using land tax. His views only came to light after journalist Adam Creighton used FOI to prise his report […]

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