When our national broadcaster starts echoing far-right fear mongering on housing, we should ask why. The real issue isn’t taxing ordinary homeowners — it’s vacant properties, multiple investor-owned homes, and the generous tax concessions handed to those who hoard housing. That’s where the distortion lies.
#housing #auspol #australia #vacantpropertytax #negativegearing
Sydney is facing a severe housing shortage, and owning a mansion seems like a distant dream for many. Meanwhile, there are sprawling, multi-million dollar homes across the city that have been left vacant and neglected for years. New South Wales tops the list for empty homes, with 22,000 vacant properties in Sydney alone. #HousingCrisis #SydneyRealEstate #VacantHomes #RentalCrisis #LandBanking #vacantpropertytax
#Victoria is rolling out a state-wide #vacantpropertytax in 2025, with rates rising each year a property is vacant for over 6 months. Charges start at 1% of the capital improved land value, increasing to 3% by the third year. We investigated why #Sydney homes are being left empty. #housingcrisis #rentalcrisis
https://www.abc.net.au/news/2024-07-22/sydney-ghost-homes-vacant-houses/104076682
A man's home may be his castle, but even castles aren't immune to neglect. If left to rot, they become vulnerable. While people can leave private #property vacant, it's always regulated by law for the community's benefit. With a #housing shortage, using unused #homes is more crucial than ever. #housingcrisis #rentalcrisis #landBanking #auspol #vacantpropertytax
If we taxed land properly, we'd have billions of extra dollars to fund big tax cuts elsewhere. So why don't we do it? #landtax #vacantpropertytax #auspol #homelessness
With official estimates putting the number of vacant and derelict homes above 100,000 across Australia, local governments and property lawyers argue they could be part of the solution to Australia's apparent housing shortage.
Mojo ♻️
