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
With at least 100,000 homes sitting empty in the midst of a #housingcrisis, what can state and local governments do to persuade, or force, their owners to put them to use? #vacantpropertytax #Ausproperty https://www.youtube.com/watch?v=3v600FQB08g
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
Are derelict homes part of the answer to #Australia #housingcrisis ?
Vacant homes like those on Alice St in Newtown, Sydney, highlight the issue of vacant properties. Despite recent minor refurbishments, these homes remain largely uninhabitable, mirroring a broader trend where the Australian Bureau of Statistics estimates up to 140,000 homes are vacant nationwide. Factors such as delayed development approvals, #landbanking, and elderly owners holding onto multiple properties contribute to this phenomenon. Some states, like Victoria, have introduced taxes on vacant properties to address the issue, yet there remains significant debate and resistance from property owners and investors, leaving a substantial amount of real estate underutilized during a housing shortage.
#vacantpropertytax #rentalcrisis
https://www.abc.net.au/news/2024-07-04/derelict-homes-part-of-the-answer-to-housing-shortage/104051820
@dmakovec I agree 100% with a #vacantpropertytax but this is a good start.
@andyjennings @ghost_shit well in that case, nothing to worry about, inconvenience a few hundred people. Bring #vacantpropertytax out asap
Tens of thousands of homes are vacant across #NSW, new data has revealed, as state and federal governments scramble for solutions to the country’s #housingcrisis.
In New South Wales, about 43,183 inactive or vacant homes have been identified, with about 22,000 of the houses in Greater #Sydney.
The City of Sydney has 1757 inactive homes, the highest number based on electorate data. #property #homeless #homelessness #auspol #vacantpropertytax #landBanking
https://7news.com.au/news/hundreds-of-vacant-properties-in-sydney-amid-housing-crisis--c-14154702
Foreign investors who leave #property they own vacant will be slugged with charges of upwards of $169,000 under a federal government plan to free up more housing stock. #hallelujah #vacantpropertytax #landBanking #housingcrisis #rentalcrisis
https://www.abc.net.au/news/2023-12-10/foreign-investor-vacant-home-fee-increase/103210808
Up to one in 10 homes may be vacant at any one time in #Australia, with #landbanking, #airbnb short-stay accommodation and legal matters just some of the reasons properties may be kept empty. So what's being done to help open more housing up to people? Could they ease the #housingcrisis ? #rentalcrisis ? #auspol #vacantpropertytax
Australian homes are no longer for Australians. #Australia has the weakest anti-money laundering rules in the world? We are also running the largest immigration program in the nation’s history. The natural consequence is that Australian housing has become a honeypot for foreign buyers, particularly Chinese.
#auspol #housingcrisis #vacantpropertytax
https://www.macrobusiness.com.au/2023/11/australian-homes-are-no-longer-for-australians/
Interest #ratehike means you need almost three median incomes to afford the average Australian house. #property #housingcrisis #vacantpropertytax
@Kabbaway shhhh we don’t talk about the that #vacantpropertytax Most are #landBanking foreign owned locked up. And don’t forget that politicians from both sides are #property owners, multiple properties.
Global News BC: B.C. expands speculation and vacancy tax in Vancouver Island, Howe Sound https://globalnews.ca/news/9726574/b-c-expands-speculation-and-vacancy-tax-in-vancouver-island-howe-sound/ #globalnews #britishcolumbia #news #SpeculationandVacancyTax #VacantPropertyTax #speculationtax #Emptyhomestax #vacanthometax #B.C.Housing #propretytax #EmptyHomes #RealEstate #EmptyHome #Politics #Housing #Vacancy
