land supply

Leadership is more than presiding, Gladys

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Economist Peter Abelson has dropped a bomb on Sydney’s madly expensive land market, asserting the usual demand and supply equations have little influence on prices while major positive benefits are available from ending Stamp Duty and using land tax. His views only came to light after journalist Adam Creighton used FOI to prise his report […]

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The Metricon Judgement

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In March last year, the NSW Supreme Court set aside the NSW Office of State Revenue’s assessment for land tax in 2009-13 on certain lands at Terranora in the Tweed Valley held by Metricon. The developer bought the $60m aggregation to subdivide for residential use. It side-stepped a land tax liability of around $1.2m per […]

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But… But Rents only go up! Don’t they?

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Lindsay David and Philip Soos at LF Economics demonstrate real rents are falling across the country, except in Hobart. This is only possible with falling wages, weak demand and excess housing supply. Little landlords have no compunction about evicting bolshie tenants – but they will now be doing everything possible to keep good-paying renters. Very […]

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Seize the Day, Scott Morrison – rid Australia of a bad tax and free up the land

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The land supply equation in Australia – flashing red danger signals for years – has finally come to the attention of federal Treasurer Scott Morrison, who is charged with the task of advancing national prosperity. He may even be prompted into action. Notoriously well-connected Alan Mitchell is out today in the AFR with the latest […]

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The good ol’ boys clean up

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Fairfax’s Michael Pascoe writes today about Murray & Frijters’ study Clean Money in a Dirty System: Relationship Networks and Land Rezoning in Queensland which found politically connected developers gained $410 million through favourable rezoning decisions in Brisbane in the years 2007-2012. Cameron Murray and Paul Fijters of University of Queensland comprehensively scoured records and assembled […]

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Intergenerational fairness

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by Jesse Hermans Recently La Trobe’s Philosophy Politics and Economics Society and Ideas Society joint hosted an event on Intergenerational Fairness with some good insights into what future generations face – including my own. I was sorely disappointed by John Daley, CEO of the Grattan Institute, for two reasons – his excellent data collection not […]

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Land rezoning open to routine corruption

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As published in The Age and online, highlighting today’s seminar.  by Clay Lucas The rezoning of land by state governments across Australia is so open to routine corruption and manipulation by a “mates network” among both major political parties that a cooling off period is needed before former MPs or their bureaucrats work in the property […]

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The housing crash we had to have: A Gen Y perspective on the bubble

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by Matt Ellis So bubble mania has finally hit the mainstream. The housing bubble question has landed squarely at the feet of the Prime Minister and his treasurer, and only 10 to 15 years late… What a relief it is then to hear our fearless leaders assure us that there is no bubble, endless house […]

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Clean Money in a Dirty System

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Clean Money in A Dirty System – a seminar with Cameron Murray Wednesday, 24 June, 12.30 – 1.30pm RMIT City Campus, Swanston Street Building 80, Level 05, Room 012 Presenter: Cameron Murray RSVP (attendance is free) Prosper has teamed up with RMIT University’s Centre for Urban Research to present a not to be missed seminar with Cameron Murray […]

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The great land banking scam exposed

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by Cameron Murray Property development can be a dirty business, particularly when it comes to land-banking, which is the speciality of Australia’s largest developers. Land-banking involves the speculative buying of large parcels of land that are currently unsuitable for development in the hope of future development potential. But hope alone is not a business strategy. […]

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