Value capture is an equitable and efficient funding mechanism to support the development of high speed rail. It ensures that those who benefit the most from high speed rail contribute to its cost.
BLOG: infrastructure
NSW and VIC value capture reforms: A comparison
By Li YiLin Value capture type reforms are underway in Victoria and New South Wales. Both governments aim to increase contributions from people who benefit from public decisions that increase land values, known as value capture,...
Working Together: Is Shared Equity our pathway out of the housing crisis?
The media is again full of chatter about the housing affordability crisis in Australia. Property markets have gone on a tear as mortgage rates bottom at levels close to matching inflation. Governments are subsidising a building boom to save the economy from COVID, and the resulting collapse in immigration.
Has NSW discovered the holy grail of transport funding?
In its latest budget, the NSW Government has laid the foundation for a global best-practice model for major transport funding. Zoom Webinar: Wednesday, July 28th 12:30pm While Victorian's woke up on budget day to a surprise rezoning windfall gains tax, the NSW...
States drive sustainable tax reform
Until recently, no government had a “cogent plan” to deal with impending combustion of Commonwealth fuel excise revenue. But now Victorian Treasurer Tim Pallas has risen to the challenge both to future proof Victoria’s road charging regime, and make Zero and Low...
America’s Tollbooth Future?
The Trump administration has promoted the need to harness the windfall gains property owners enjoy when infrastructure is built in close proximity. The Legislative Outline for Rebuilding Infrastructure in America includes the following section: C. Transit 1. Require...
West Gate Tunnel: Critical Infrastructure or Game of Mates?
One of the games in the Game of Mates is the Public-Private-Partnership. PPP projects such as Citylink in Melbourne and the Cross City Tunnel in Sydney are financed and built by private consortiums with high, ongoing returns guaranteed by the government. In terms of...
Building bridges to ourselves: Infrastructure Australia’s Value Capture initiative
A great way to bury an unwelcome government report is to release it into the alcoholic haze of a hot Australian Christmas. Infrastructure Australia’s Capturing Value paper is too important to suffer this fate: who pays for the infrastructure we need is a matter of...
Next time government says it can’t afford to build, wave this IA report in their face
Australia has a problem: we can’t build roads, rail and schools as fast as population is growing with current government financing methods. Failing to keep up with our current needs – let alone investing for an uncertain future - puts the living standards of everyone...
Andrews government funds Futbul – not people in need
The Australian Football League has bought the Docklands Stadium freehold asset that cost $460m to build in 2000 from the Andrews ALP Victorian government for $200m - allegedly to assist “tenant clubs struggling under onerous deals to play at the roofed venue.” In nine...