Land Supply & Housing Affordability – more details

Karl FitzgeraldCommentaryLeave a Comment

The real issue forcing land prices up are the huge economic rents available to land speculators. With Jeff Kennett’s move away from Site Value rating to Capital Improved Value (CIV) rating, land speculators can purchase land, sit on it and wait for the property to grow in value. The constant attack on State Land Taxes ensures a continuing trend for them to be weakened, sending the signal to the marketplace that hoarding land is appropriate.

On a local level, the combination of these 2 factors has seen a growth of vacant land in inner urban areas in Melbourne. We believe the reduced supply of land from this speculative trend has applied greater pressure on land prices than Melbourne’s 2030 boundary. The huge upward trend in land prices happened well before the 2002 announcement of 2030.

Challenge Camp Photos

Karl FitzgeraldCommentaryLeave a Comment

A picture tells a thousand words!


Charlie interviews Margaret McDonald (ANGAIR)


A treehouse discovery on bushwalk


Students asking the tough questions


The Earth Share game – who wins?


The team prepares questions at the coal face


The Sunday sees Alcoa under the microscope from beyondzeroemissions.com

Quotations

Karl FitzgeraldEndorsementsLeave a Comment

Margarita Arias, Costa Rica:

Only those who have fought for the right to protect their own bodies from abuse can truly understand the rape and plunder of our forests, rivers and soils.

Aristotle (384-322BC):

The whole of the land was in the hands of a few, and if the cultivators did not pay their rents, they became subject to bondage ..

Marcus Aurelius (121-180AD):

Poverty is the mother of crime.

Cesare Baccaria:

The history of mankind is an immense sea of errors in which few obscure truths may be found.

Ambrose Bierce “The Devil’s Dictionary”: