This evening, according to advertisements, they’ll be reporting on a matter almost as ground breaking as those stories we know and love along the lines of ‘Junk Food! It makes you fat!’, ‘Credit cards – they could put you in debt ‘ or any number of scintillating exposés on dodgy builders (when they’re dodgy, they’re dodgy!), underwear (it comes in all different colours!) and models (they’re pretty!)
They’re airing a story about how speculation and hoarding of property drives up land and rental prices.
It looks like they’ll be laying the blame for this at the feet of foreign investors (blast those evil foreigners!). I wonder if they’ll suggest our Government reform the taxation system? With a fairer land tax, one that was higher and flatter, property hoarding and speculation by investors, foreign or otherwise, would cease.
They may not stretch to flagging such viable solutions, but still, it’s encouraging to see that even prime time Aussie telly has cottoned on to the fact that land hoarding is artificially inflating our property prices. Something Earthsharing revealed yonks ago in the ‘I Wanna Live Here’ report.