Casey Jenkins has re-interpreted the‘I Want to Live Here‘ report with some useful graphs. As you may have read in the original report, we uncovered a genuine vacancy rate five times that reported by Real Estate Institute of Victoria; 6.9% compared to REIV’s 1.4%. By collating data from Melbourne water suppliers we were able to assess the number of Melbourne … Read More
Negative Gearing Too Risky? So Are Property Bubbles…
The Rudd- Swan government’s flat denial of negative gearing reform proves that modern politics is incapable of dealing with the difficult questions. It was all too risky in an election year. The dreams of working families are set to play second fiddle to the propertied class for years to come. But yet the announced reforms are the most significant tax … Read More
One Handed Housing Supply
photo credit: Ian Sane On the one hand, the market delivers the best for the least cost. But on the other hand…. few are willing to call it as it is. Yesterday’s National Housing Supply Report used coded language to hint at a ‘possible over-supply of housing’ due to housing investor tax breaks (p50). However the usual suspects were missing … Read More
Petition for Affordability
The Rudd Government has reviewed the tax system. The Henry Review came out strongly in favour of capturing economic rents for the common good. Read our analysis of the report here and here. The Rudd Government has written off any serious reforms to issues relevant to housing affordability. Why tax $285bn from people daring to work but only capture $40bn … Read More
Drip Drip Land Supply
photo credit: waferboard Land in Short Supply in Perth The Urban Development Institute says there are currently fewer than 1400 blocks of land for sale in Perth. .. But, the Real Estate Institute believes there are a lot of speculators sitting on land waiting for prices to improve before releasing them for sale. The UDIA is concerned that with 1200 … Read More