land rent

The other vacancy report. New rental streams from excess car parking?

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According to the lovely Dr. Elizabeth Taylor over at RMIT, parking in Melbourne’s city centre now occupies the equivalent of 225 MCGs. The main reason for this bounty: minimum car parking requirements in the planning scheme. These requirements compel developers to provide a ratio of private car parks in all new developments. Cost for land […]

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Will Company Tax Cuts Trickle Down or Trickle Up?

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By Catherine Cashmore The proposal to cut the company tax rate from 30% to 25% has received much media attention. We are repeatedly told it is needed to boost investment.  The rational follows that companies are more likely to invest in productivity if they don’t have to pay as much tax on their gross income.  It […]

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The Natural Source of Public Revenue

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By Clare Tindall. This is an excerpt of a piece that was originally presented almost 50 years ago, at a Georgist Youth Night in 1967. It was published in the October 1967 edition of Progress Magazine. It is at such a time as this, when we are filling out our taxation forms, and when sales […]

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Canberra Land Lease reform

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Canberra Times March 17, 2013 Christopher Erskine (Time for a new lease on life, March 9, p7) is correct that it was the writings of American political economist Henry George that inspired Canberra’s founders to put in place a leasehold system of land tenure. It was envisaged by many, including Walter Burley Griffin, that land […]

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The irregular ratio spooking property

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  by Philip Soos Escalating housing costs have, of course, received much attention as both prices and rents increased faster than incomes and inflation over the last decade. In this vein, property research firm RP Data launched a monthly report called Buy vs. Rent, providing a comparison of housing costs across Australia’s suburbs. Recent results show that in […]

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Land price too high

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From the Canberra Times 5 April 2012. Your article “Capital’s housing prices highest in the country” (April 3, p1) was missing one very important word – land. As we move toward Canberra’s centenary celebrations it is time to reflect on the great wedge that is driving an ever increasing gap between the privileged and unprivileged […]

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No Reform – Paradise Postponed

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photo credit: Steve – wants a job at Chester Zoo MELBOURNE and CANBERRA:- Australians had high hopes the Tax Forum would herald the end of taxes that distort and diminish economic activity as Ken Henry recommended. Sadly, these hopes have been dashed, says Prosper Australia. “Citizens are taxed too much – especially the income tax […]

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Land Tax REDUCES Rents

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Dr Gavin Putland of the Land Values Research Group drives a stake through a vampire heart in the Letters page of today’s Australian Financial Review Joanne Seve (Letters, August 5) regurgitates the property lobby’s favourite untruth, namely that land tax is passed on to tenants. In its crudest form, this argument expects the reader to […]

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Selling alleys and lanes: latifundia at work.

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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 blog.  Sales are energetically supported by citizens disgusted by […]

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The New Resources Tax Reduces Mining Risk.

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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 this idea.  The Super Profits Resource Tax (SPRT) provides the community a share […]

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