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Can you guarantee lower prices? Didn't think so. How many speculators are there driving up prices? Can't see I've seen them on the ground. 99.9% of the auctions I've been to, the overbidding is done by someone falling emotionally in love with their future PPOR and getting carried away...

Well - perhaps you also need to look at the people a couple of years older than you who had a damn hard time getting into the market too ... it's all cyclical and, atm, we are in a stagnent period which is a great opportunity for those who had struggled over the last few years, to catch up and...

No they wouldn't - your suggestion of "big stick" would not encourage anything. Incentive and positive outcomes would make appropriate development work - not punishment and disincentive. Quite simply - if there is no money to be made on a development and you get the bejesus taxed out of...

Being heavily taxed wouldn't mean the land would be developed sooner IF IT'S NOT PROFITABLE TO DO SO. It means that land will simply not be released to bank in the first place. And those who buy vacant blocks in "the hope of capital gains" very often get stung as you cannot claim tax on...

Who the heck "hoards" land and property if there is a potential to make money? Get real! Upping land tax will do nothing but stop further development as people then don't even "hoard" (as you put it) but simply no on buys anything. Better the carrot than the stick Yes - council rates...

A lot of them over there are closer rele's than my cuzzie's bro ... and many of them are also property investors. Why do I think it would be better ... removing taxes (giving and taking) would put the market back onto a more even keel (get rid of incentives), simplify the process of owning...

Okay - I stand corrected. Obviously I was wrong, forgot about those who borrowed to buy shares and didn't realise ... will edit my post so not to lead others astray. Still reckon if they got rid of NG, Stamp Duty and Land tax it'd be a lot better.

whoops - got it totally wrong and now put to rights

More than happy to see the end of NG - as long as land tax goes along with it. As for a tax on all property ... isn't that called council rates?