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…
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…
In its campaign to rid Australia of bad taxes, Prosper Australia surveyed Victorian municipal council candidates and asked their opinion on the rates issue. We explained the difference between Capital Improved Value (CIV) and Site Value (SV) and the economic…
by Dr Cameron Murray cross-posted from The Conversation Value capture actually can work when it comes to funding new transport infrastructure. My research on the Gold Coast light rail provides the figures to demonstrate the size of the gains to…
; 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 Philip Soos reposted from The Guardian When we hear talk about taxation, it is naturally assumed to refer to those taxes which are levied by the government. After all, no individual or business can charge anyone else a tax,…
by Gavin Putland re-posted from his blog Secret 1: The purpose of encouraging home ownership is to create a majority of voters who own real estate and who therefore support policies that make real estate as expensive as possible, for…
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…