Grand Sale! Grand Sale! Grand Sale!

The Australian Government is about to sell real estate worth billions.  It is a matter of critical economic importance that they get it right. Up for sale is radio spectrum for mobile phones and data signals for the next fifteen years. This is real estate as rare and...

Port of Portland: sunk

Portland in South West Victoria is a beautiful city.  It was first illegally settled by the Henty brothers in 1834.  It became a home to whalers and sealers and the city boasts many fine stone buildings from that era. After all the whales were killed, Portland went to...

Can a tax be beautiful?

photo credit: Fabrice ROSE The Senate Select Committee on New Taxes is pondering the implications of the Mineral Resource Rent Tax, holding a hearing yesterday in Perth. Here is a new tax measure that, even diluted for the election, will still raise over $10 billion a...

Selling alleys and lanes: latifundia at work.

Melbourne City Council is selling lanes to developers, according to The Age today. It makes a pretty penny, too, having pocketed $1.2 million from the sale of part of three lanes in the last 12 months alone. The article sparked an intense debate on the newspaper’s...

Melbourne’s secret plan

photo credit: Lucia. . . A secret map of Melbourne’s transport plans for the next 30 years was published in The Age yesterday. Doubts were raised about its authenticity (weakly, unconvincingly) by the Victorian government. Average householders may shrug, but this is a...

Ending the Fire Services Levy – almost excellent

At the moment, Victoria’s Metropolitan Fire Brigade and Country Fire Authority are funded by the Fire Services Levy, a charge added to fire insurance. But the FSL gives a free ride to uninsured property owners – they don’t pay for the level of fire cover provided....

Victoria’s Transport Plan a No-Brainer

    photo credit: Schaffner Sometimes the ignorance of experts makes my blood boil.  Why can’t they do the arithmetic, the sums plainly before them? The Victorian Transport Plan will cost $38 billion and produce benefits of $180 billion, according to a...

The New Resources Tax Reduces Mining Risk.

photo credit: jcarter   The Commonwealth of Australia was built on the sound principle natural resources are part of every Australian’s endowment. The Henry Tax Review recommended and the Rudd government has accepted a new tax system for mining that builds on...

Expensive land is changing the shape of Australia.

  photo credit: Zach K   The Melbourne versus Sydney rivalry has been reignited – Melbourne’s population is growing faster and is projected to overtake Sydney by 2037, a new report predicts. Going Nowhere, a report by BIS Shrapnel for a property developer lobby...

Economists Who Dominated the GFC Predictions

photo credit: Stuck in Customs On the first anniversary of the collapse of Lehman Brothers, this piece sums up the cause to the GFC, as predicted by 5 economists who subscribe to the line of economic thinking we promote: land rent theory. Dirk Bezener, the academic...