RE-SELLING OF VACANT LAND BECAME A KEY FEATURE OF THE MARKET DURING THE PERIOD OF STRONG PRICE GROWTH IN 2003 TO 2006, BUT SINCE THIS TIME THE RETURN ON SPECULATIVE LAND PURCHASES HAS CONSIDERABLY DECLINED. Land speculation is a risky investment but when the Perth residential land market was experiencing strong demand and price growth […]
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STAMP DUTY IS WIDELY CONSIDERED INEFFICIENT AND INEQUITABLE, BUT ANY MOVE AWAY FROM THIS TAX NEEDS TO KEEP ALL OPTIONS ON THE TABLE. In a recent article published in South Australia, commentator Jessica Irvine described stamp duty, on “a scale of one to evil, as the green vomit-spraying head spinner of the tax toolbox.” When […]
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THE RECENT UDIA PRESIDENTS’ SUMMIT PROVED BOTH INFORMATIVE AND USEFUL WITH DELEGATES AGREEING THAT THERE NEEDED TO BE AN OVERARCHING SET OF STANDARDS FOR ENGINEERING TO ENABLE A COMMON UNDERSTANDING OF WHAT THE MINIMUM REQUIREMENTS ARE. Of course these standards can be varied with the agreement of local government and the developer as there are […]
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