land tax

Dear Australia, the world is watching, waiting for our bubble to burst

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  photo credit: robertivanc The great property speculation game is over in America and Europe.  The music has stopped. Forty years of steadily increasing pressure has been released.  Houses are worth a fraction of what people paid in better times, while the giant mortgages they took on remain. Meanwhile, Australia parties on.  We play the […]

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Expensive land is changing the shape of Australia.

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  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 group, shows Melbourne building new homes at twice the rate of […]

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The Tide Turns. The Media Awakes.

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photo credit: midlander1231   For too long, the media eagerly reported the property spruikers’ claim ‘prices only go higher’. This ‘truth’ turned homeowners into speculators and led a whole generation of first home buyers to commit to enormous mortgages they will only pay off after thirty years of unrelenting sacrifice. This week the public story […]

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It’s official: Australia’s house prices the highest in the world!

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photo credit: Congratulations Citizens! The Economist says your home is the most expensive among the advanced countries we generally compare ourselves with. Before you puff out your chest in pride, consider what this means. Mortgage repayments are the heaviest in the world, leaving the least disposable income for food, clothing and transport. This is a […]

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Housing Media Wars

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photo credit: chrisjohnbeckett With the housing bubble accelerating each day, sometimes you wonder if it is ever going to pop. Tim Colebatch has written a number of key articles of recent, including this one on negative gearing pointing out that investors now account for 40% of all loans for established homes, rather than just 8% […]

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Kansas City sees the light!

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photo credit: CoolValley A major tax battle is underway in Kansas City, Missouri. A petition to eliminate the city’s earnings tax worth $200 million a year has opened minds to the introduction of Land Tax. Read The Kansas City Star’s excellent analysis

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Liberal Party’s report favours guess what?

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photo credit: Hyaground Peter Martin, the journalist with the biggest sieve (catching all those Henry Tax report leaks), wrote recently on the LP’s highly secretive Ergas report: The report proposes an annual land tax that would extend to the family home and would be used to fund the abolition of real estate stamp duty. ”It […]

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Waste Land

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Watch this short video from our colleagues in Philadelphia to see how the tax system places community activity in the waste bin via the waste-land mentality.

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Henry Review Rumours re Land Tax

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photo credit: mugley The plot thickens with Glenn Milne reporting THE Federal Government’s biggest tax inquiry in more than two decades is set to propose a national land tax, a new resource tax and a congestion tax for clogged cities. The Henry Review, by Treasury head Ken Henry, is also expected to canvass a federal […]

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Government Needs To Be More Savvy on Land Tax

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photo credit: The Rocketeer The State Government has come under more pressure from the property lobby in Government Criticised for not cutting Land Tax “The Treasurer should have provided stamp duty and land tax relief as measures to stimulate demand for property investment. They could have done that by increasing existing thresholds or reducing rates.” […]

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