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…
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…
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…
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…
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…
; 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…
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…
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…
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…
The Sydney Morning Herald thundered about NSW government finances in a May 25 editorial: $17 b a year hole in NSW future finances. This is mostly the usual stern conservative stuff we have learned to expect from Fairfax. But it…