land tax

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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Tim Pallas protects land tax revenues – and the people of Victoria

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The Victorian Treasurer yesterday dismissed belly-aching by holders of valuable parcels whose private joy over the strong rises in land prices comes with a sting – their State Land Tax went up too. ‘‘The government is not considering reducing land tax rates in response to a cyclical upturn in land values,’’ Mr Pallas told the […]

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Exposed: Scomo’s ‘fix’ on housing costs a sop to Libs’ Big Developer donors

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by Warwick Smith Warwick Smith smells a rat in Scomo’s sudden solution to housing affordability – planning reform – coming just ten days after developers’ call for same. SCOTT MORRISON has suddenly announced that he cares about housing affordability. This is interesting given his strident opposition to getting rid of negative gearing and the concessional […]

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NSW Premier Baird passes the Elixir bottle without taking a swig

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NSW Finance Minister Dominic Perrottet floated the idea of exchanging Stamp Duty for State Land Tax in The Australian yesterday. We warmly welcomed his initiative and explained some of the big benefits this offered NSW. By 5.30pm yesterday, Philip Coorey had the Premier’s rebuttal up in the AFR, saying he had no intention of making […]

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Will Mike Baird seize the first-mover advantage for NSW – and drink all of the Premiers’ Elixir?

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A prize awaits the first state Premier with the political capital and farsightedness to exchange Stamp Duty for State Land Tax. The move would be a magnet for economic activity. As economists repeat ad nauseum, it is all on the margin. Fresh investment – the Premiers’ Elixir – goes where it is most welcome and […]

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The Tax Men from Mars landed in ACT – and were asked to stay

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Saturday’s Australian Financial Review always needs a nice read and today it is the ACT government’s progressive removal of Stamp Duty that increased council rates on a million dollar property from $2200 a few years ago to $3000. What a terrible thing to do! Mather, Ludlow & Schlesinger are astonished the Barr government was returned […]

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The First Interval – Evaluating ACT’s Land Value Tax Transition

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; The First Interval – Evaluating ACT’s Land Value Tax Transition By Dr Cameron Murray Prosper Australia commissioned Dr Murray to examine the early benefits of ACT’s 20 year process replacing conveyancing stamp duty with land tax. He will present his calculations and conclusions at: 12.30-1.15pm Monday 12 September 2016 Boardroom, Hotel Realm 18 National […]

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Land prices are not simply a matter of supply and demand

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by Bryan Kavanagh Reposted from On-Line Opinion Fortunately, the theory of real estate valuation is not as difficult to comprehend as the theory of value, over which economists continue to fight endlessly. Real estate valuation concerns the assessment of particular parcels’ market price. It is not about some abstract or philosophical theory of value. Maybe […]

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Rail crossing removal makes me cross – do it properly!

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The next rail crossing to be removed by the Victorian Government’s Level Crossing Removal Authority is at Grange Road, Alphington. It is asking locals whether they would prefer a sky bridge over or a concrete trench under. The good residents of Alphington are being presented with very bad options. The best solution is a cut […]

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Stamp Duty slugs families $91 a month

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The Housing Industry Association today released their estimate that conveyancing Stamp Duty costs Australian households $91 a month. “By eroding deposits and making homebuyers borrow more, stamp duty is estimated to add $91 per month to household mortgage repayments for a median priced home,” HIA economist Shane Garrett said. “Apart from hurting ordinary households, stamp […]

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