speculation

Australia: you’re being ripped off MERCILESSLY!

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by Bryan Kavanagh “The more tuned out the general population, the more James can get away with his Game before voters notice.” A full house for the Melbourne book launch by co-author Dr Cameron Murray of the “Game of Mates: How Favours Bleed the Nation” at RMIT’s Francis Ormond Building on Friday. I’ll let people […]

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The fragrant vagrant is not a rose by another name

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Melbourne City Council is wringing its hands again over developer land vagrancy – prime sites deliberately held vacant or with disused, dangerous buildings to assist developer lobbying of government for rezoning or advantageous building permits. The issue last hit the news when a wall collapsed at the old CUB site in Swanston Street in 2013 […]

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The Metricon Judgement

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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 side-stepped a land tax liability of around $1.2m per […]

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Missing the point on corruption

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by Dr Cameron Murray reposted from macrobusiness On Friday 28th April I am appearing and Queensland’s Crime and Corruption Commission’s Operation Belcarra as an expert witness on relationships between councillors and property developers, and how that leads to favouritism. A narrow focus What is interesting from my perspective is how narrow the focus of the […]

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Should children play with interest-only fireworks?

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Investor interest-only loans are a key risk factor threatening to destabilize Australia’s mountain of private debt, according to investment firm Standard Life Investments, a keen observer of interest rates. IO loans are often associated with thin equity buffers, risky investment strategies and the aggressive pursuit of capital gain over income. Standard Life says: “Much of […]

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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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Wolves at the door – not trying to push it down, yet

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Back in May, US blogger Wolf Richer held forth on Wolf Street that hedge funds were betting record amounts on the imminent meltdown of Australian banks and our housing bubble by shorting shares. His arguments had me nodding my bearish head in agreement, yet the facts tell a different story. If shorts think a business […]

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Warning to borrowers – ASIC protecting the control fraudsters

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by Lindsay David reposted from Australia – Boom to Bust ASIC has the backbone of a chicken wing when it comes to enforcing the rule of law; this is widely recognised in Australia and resulted in a Parliamentary inquiry. If any politician believes that ASIC is a ‘tough cop on the beat’ they should seriously […]

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If you’re not a property investor, your retirement plans don’t matter, says IPA

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by Dr Gavin Putland Professor Sinclair Davidson for the Institute of Public Affairs has written an “occasional paper” under the title “What politicians need to know about negative gearing”, opposing the known Labor policy of allowing negative gearing only for new homes (with grandfathering), and the possible Coalition policy of imposing some sort of cap […]

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Oz takes Gold! Go you Good Thing!

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Last week, Philip Soos announced Australia had achieved global leadership in an exciting new arena: “Australian households have more debt compared to the size of the country’s economy than any other in the world.” According to LF Economics, we seized this dubious crown from the Danes in the last quarter. Denmark has been grinding away, […]

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