photo credit: mugleyThe Baillieu government has just received a major report into Victoria’s economic efficiency that offers a clear path to redesign state taxes, advance living standards and make Victoria an absolute magnet for employment and investment. “Ted...
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Australia’s world-beating real estate
A soundly-based Land Value Tax to reduce the taxes on labor and enterprise would restore the rewards to effort and propel the economy forward like a rocket.
Port of Portland: sunk
Portland (pop. 10,000) remains seriously underdeveloped. While the rest of the state has grown by leaps and bounds, Portland sleeps. Its laggard status should be a matter of considerable concern to all Victorians.
Six Factors to Flip Negative Gearing into Negative Equity – Someone’s Going to Get Hurt
The Australian Tax Office has released figures on the extent of negative gearing in Australia ahead of the Henry Tax Review. This is no accident. They are preparing the ground for Ken Henry’s changes. The picture drawn is not pretty: it shows the nation’s...
Monash Rates issue a distortion
photo credit: chaosinjune letter to the Monash Journal Site Value ANGE Siouclis is correct to suggest "why not trim excess expenditure and unwarranted perks and costs" at Monash Council (Your View, November 24). But to say that we all should pay the same amount of...
Henry Review another mash up of compromises
photo credit: Dunechaser It seems that another whitewash of economic theory is being subtly thrust upon us with the ongoing Henry Tax review. According to Henry, he has re-written economic theory. The 3 sources of taxation are now labour, capital and consumption. The...
Predictable Council Rates Fury
photo credit: nicksarebi In the past year more than 81,000 Victorians have received rates default notices, which then impose a 12 per cent interest charge on the debts. Council Rates are again in the headlines, with affordability pressures crunching into a large...
Melbourne Rents deliver a smile for some
Saturday's Age article on Melbourne's rental growth outstripping all other states is reflective of current government policy at all levels - local, State and Federal. When combined with record immigration levels, property flipping will continue unabated. Prosper...
Budget Smudge-It: Criticism of Swan
The Swan Federal budget was limited in its' vision, giving with one hand in the old welfare game but taking away with the other by providing further subsidy to propertied interests. Whilst it is widely reported that the wealthy were hit by means testing, fellow...
Interest Rates Shoot the Messenger
March 08 figures reveal that loans for first home owners dropped to just 16.4% of owner-occupied approvals. Yes 16.4%! The Great Australian Dream is being dominated by baby boomers and/ or speculators. Those that most need a roof over their heads are the last in the...