The best solutions are to stop foreign ownership completely, massively cut immigration temporarily (importing a million people a year when we have a housing supply crisis is literally pouring fuel on the fire), limit how many properties someone can own, remove negative gearing, and slash lots of red tape and costs associated with building multiple homes on peoples land.
Comment on Labor and Coalition housing policies a 'dumpster fire', expert says
null_dot@lemmy.dbzer0.com 3 weeks ago
I absolutely agree that both parties’ housing policies are just throwing fuel on the fire.
Assisting first home owners increases demand which increases pricing. The obvious beneficiaries of these policies are people that already own houses.
The solutions are addressing tax concessions like negative gearing and capital gains tax, increasing annual land tax, and providing concessions for tiny homes and pre-fab homes.
Whirlybird@aussie.zone 2 weeks ago
Whirlybird@aussie.zone 2 weeks ago
Annual land tax should not be a thing. You bought it, it’s yours. Paying a “land tax” forever means you’re just renting the land with extra steps.
As you touched on, they need to completely rewrite the book on tiny homes etc. I want to build a granny flat/tiny home on my property to move my parents in to and sell their house. To do so, my council charges something stupid like $28k in non refundable application fees. I could pay $28k to apply to build a granny flat and they deny it and keep all that money. That is absurd. I’m trying to get a property sold and re-house my parents onto my land, and the council is telling me to get fucked, basically.
null_dot@lemmy.dbzer0.com 2 weeks ago
Annual land tax is the most broad based, low-compliance-cost tax there is.
Before the advent of the internet it would’ve been possible to replace most taxes with a hefty land tax, and it’s well researched and document amongst economists.
You suggest cutting foreign ownership, and limiting the number of properties a person can own, and land tax is the obvious and most effective way to address those things.
The red tape and council regulations around multiple dwellings on a title are required to maintain living standards and avoid slum-style accommodation.
Usually with hefty application fees you can do your due diligence and be pretty confident your application will be successful.
Whirlybird@aussie.zone 2 weeks ago
Land tax doesn’t address those things. Land tax is a constant tax on something you already own. That should never have even been allowed, let alone have anyone advocating for it to be expanded.
It should not cost $28k in fees to then buy a fully compliant off the shelf tiny home. It has absolutely nothing to do with maintaining living standards. Sounds like you’ve drunk the government kool-aid.
dumblederp@aussie.zone 3 weeks ago
Tax the fuck out of people who own multiple properties. Drastically reduce the attractiveness of buying a property to purely rent it out on AirBnB
null_dot@lemmy.dbzer0.com 3 weeks ago
Yep. That’s what I said.