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...
BLOG: land supply
But… But Rents only go up! Don’t they?
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...
Seize the Day, Scott Morrison – rid Australia of a bad tax and free up the land
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...
The good ol’ boys clean up
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...
Intergenerational fairness
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,...
Land rezoning open to routine corruption
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...
The housing crash we had to have: A Gen Y perspective on the bubble
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...
Clean Money in a Dirty System
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...
The great land banking scam exposed
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...
Victoria considers ‘Value Capture’
Victorian Labor in its November 2014 election transport manifesto Project 10,000 boldly announced it would “Remove our 50 worst level crossings” at a cost of $5-6 billion. They are now the government. Grade separation of rail – elevating the track or, preferably,...