Prosper Australia today welcomed the inclusion of a stamp duty to land tax transition in Infrastructure Victoria’s new strategy but criticised the absence of value capture as a sustainable and equitable funding mechanism. “We applaud Infrastructure Victoria’s endorsement of a…
Thank you for the opportunity to provide feedback on the draft strategy. Prosper Australia is an economic think tank working in the Georgist tradition, with a long history of research into property taxation. We wish to raise one major point:…
Value capture is an equitable and efficient funding mechanism to support the development of high speed rail. It ensures that those who benefit the most from high speed rail contribute to its cost.
[et_pb_section][et_pb_row][et_pb_column type=”4_4″][et_pb_text] By Li YiLin Value capture type reforms are underway in Victoria and New South Wales. Both governments aim to increase contributions from people who benefit from public decisions that increase land values, known as value capture, to provide…
The media is again full of chatter about the housing affordability crisis in Australia. Property markets have gone on a tear as mortgage rates bottom at levels close to matching inflation. Governments are subsidising a building boom to save the economy from COVID, and the resulting collapse in immigration.
In its latest budget, the NSW Government has laid the foundation for a global best-practice model for major transport funding. Zoom Webinar: Wednesday, July 28th 12:30pm While Victorian’s woke up on budget day to a surprise rezoning windfall gains tax,…
Until recently, no government had a “cogent plan” to deal with impending combustion of Commonwealth fuel excise revenue. But now Victorian Treasurer Tim Pallas has risen to the challenge both to future proof Victoria’s road charging regime, and make Zero…
The Trump administration has promoted the need to harness the windfall gains property owners enjoy when infrastructure is built in close proximity. The Legislative Outline for Rebuilding Infrastructure in America includes the following section: C. Transit 1. Require Value Capture…
One of the games in the Game of Mates is the Public-Private-Partnership. PPP projects such as Citylink in Melbourne and the Cross City Tunnel in Sydney are financed and built by private consortiums with high, ongoing returns guaranteed by the…
A great way to bury an unwelcome government report is to release it into the alcoholic haze of a hot Australian Christmas. Infrastructure Australia’s Capturing Value paper is too important to suffer this fate: who pays for the infrastructure we…