BLOG: land bank

Should we charge Land for vagrancy?

  The Melbourne City Council has been urged to apply differential rates “to sites defined as vacant or derelict” by its Future of Melbourne committee. They name to shame the Savoy Tavern on Spencer Street, the Argus building on Latrobe Street and bare land at 567...

Englobo

Land in Australia should be dirt cheap. Outstanding access to land ought be a national advantage, generously conferred by a loving government upon its people.

Land Speculators Reign!

photo credit: Dean Terry If ever we needed any more motivation to burn the midnight oil, the Brumby government's latest handout to the property lobby is just this. Just nine months since he handed out free lunch with the 90,000 blocks of zoned land announced in March,...

Brumby Delivers Free Lunch

The front cover of today's Herald Sun has a huge photo of Horse Stud owner Steve Spiteri (looking hard done by!) with a caption: 'Thanks Premier: Steve Hits Paydirt'. Yesterday's announcement to rezone all land residential within Melbourne's 2030 boundary has made...

Brumby sprawls on affordability

Prosper Australia today applauded the State Government’s announcement for taking housing affordability more seriously. However, questions must be asked about who benefits most from this announcement. “Today’s declaration of residential zoning has made Victoria’s land...

Land Supply controlled by Land Bankers

Below we can see 2 examples of former Commonwealth land being released 'to the market'. Snapped up by a developer in Melbourne's most impoverished neighbourhood (Braybrook), such large 'land banks' are manipulated to drip feed houses to the markets so that high prices...