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.
BLOG: housing affordability
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 reverberates and amplifies all the way to their centre. Constricting supply has profound implications.
ABS considers ending Residential Property Price measure
The good data provided by the ABS boosts buyer confidence and actually lifts land prices. Their absence after the Abbott Government’s cost-cutting can only reduce them. This may even be the pin that pops the land bubble.
Higher GST ignores housing, inequity
Press Release The Abbott government must rebuild State relationships by assisting in the educative process of tax reform. “The outsourcing of deficit pressures by Treasurer Joe Hockey has accelerated the need for state revenue reforms” stated Prosper Australia...
Necessary Vic State Government housing policy improvements
A budget for the people by the people may well see some of the following policy reforms announced at tomorrow night's State budget: Reiterate Local Council financial independence The Labor Parties naivete in announcing a proposed cap on local council rates must be...
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
Housing: Investor support continues with Significant Investment Visas
Each day passes with policy enhancing the never ending Great Australian land bubble. Three of note include: the recent sale of $500m in Australian sub-prime loans by non-bank lender Pepper (AFR, paywalled), bundled together as Residential Mortgage Backed Securities....
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...
HIA: Negative Gearing barely costs economy
An interview on Lateline Business with Harley Dale (HIA) and Saul Eslake makes for interesting viewing on whether Negative Gearing will be grandfathered and quarantined to new housing only in the upcoming May budget. At about the 10 minute mark Harley Dale makes an...
Australia’s Magic Pudding
The price of allowing FHBs to access superannuation creates some real winners: existing landowners, banks and the handful of buyers able to buy before the land-price jaws inevitably snap shut again. Everyone else loses – now and in retirement.