The NSW government’s “theoretical capacity” model sounds suspiciously like wishful thinking. The housing problem requires realistic and real-time solutions – a factor not evident in the planning so far.
Philip Cooney, Wentworth FallsI have recently learned that a vacancy residential land tax will come into force in Victoria on January 1, 2025 and will apply to the status of property from the start of the 2024 calendar year. This tax will increase to three per cent of the capital improved value by the third year. I would hope that the NSW government will consider implementing similar legislation that could release many now vacant properties back onto the market.
Secondly, the long-overdue reminder that massive amounts of dirty money, notably foreign, have long been laundered and offshored into Australian real estate, more than casinos, keeping the market red-hot and contributing to our entirely manufactured demand.
It’s time for Australian media, if not of course politicians, to start disrespecting the take on the “housing crisis” conveniently offered by the industry that profits hugely from it. Doubly so now that the “supply crisis” naturally “demands”, according to the industry and its captive politicians, scrapping of what little is left of “red tape”, construction and planning regulations and enforcement., May 6). Another wonders where to start with a solution. I was wondering too.
Your correspondent provides a persuasive view about a badly fragmented Australian “society” and blames it on us having become “nothing more than an economy”. I’d further define it as letting the economy become the end, rather than the means to an end.Both the federal and state governments are providing funds to help tackle domestic violence: federally, $925 million and at a state level, $230 million .
Is it worthwhile for us to own a car? Do we rely on taxis or assistance from friends to get us to church, library and local shops or public transport?”, May 6). This is the person who, as attorney-general between 2013 and 2017, oversaw the replacement of more than 70 qualified and experienced members of the Administrative Appeals Tribunal by a cohort of people heavily populated by former Liberal and Nationals MPs, staffers and friends.
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