Monday, 21 January 2013

Time to stop residential speculation.

1. Land tax on all property.
2. Full CGT on all property sold under 10 years ( exemptions for health, work or babies – legitimate reasons to move). No CGT for anyone if sold after 10 years.
3. Abolish stamps.
4. Rental pricing regulations so mining and natural disasters does not send rents to the moon.
5. Reverse mortgages supplied by Centrelink, for those who elect to accrue the land tax.

Rising house prices, well above the cpi or wage growth, is not desirable to an advanced society.

No comments:

Post a Comment

Comments by approval only, sometimes... :-)