Interesting again in The Age
http://www.theage.com.au/business/consumer-confidence-dented-by-rba-20091111-i8bo.html
''Today's results do,
and this one.
http://www.theage.com.au/business/fall-in-housing-starts-to-impact-prices-20091110-i7qk.html
Off in the distance I see a tiny tax reform flag being tested.
This would certainly appeal to a government watching foreign ownership land banking at a furious pace.
Any thoughts people?
http://www.theage.com.au/business/consumer-confidence-dented-by-rba-20091111-i8bo.html
''Today's results do,
however, signal that the extent of rate hikes in 2010 envisaged by current market pricing is unlikely to transpire'', (Westpac) said.and this one.
http://www.theage.com.au/business/fall-in-housing-starts-to-impact-prices-20091110-i7qk.html
Off in the distance I see a tiny tax reform flag being tested.
The reality is that higher taxes would leave less site-rent to be pledged to banks - thereby reducing the financial cost of property ownership - while also enabling the government to shift the tax burden back off labour on to property, as used to be the case in Australia before the mid-1970s.
This would certainly appeal to a government watching foreign ownership land banking at a furious pace.
Any thoughts people?