angusmoore.bsky.social
@angusmoore.bsky.social
You can read more, including state-by-state analysis, on PropTrack insights at: www.realestate.com.au/insights/pro...
March 8, 2024 at 10:36 PM
You can read more, including state-by-state analysis, on PropTrack insights at: www.realestate.com.au/insights/pro...
It shows that renters of all incomes have never been able to afford so few rentals since 2008, when our data begin. For a median-income household, just 39% of rentals are affordable, and for a lower-income household, effectively none.
March 8, 2024 at 10:36 PM
It shows that renters of all incomes have never been able to afford so few rentals since 2008, when our data begin. For a median-income household, just 39% of rentals are affordable, and for a lower-income household, effectively none.
The index is a new comprehensive measure of affordability for prospective renters that measures the share of advertised rentals that are affordable for renters right across the income distribution.
March 8, 2024 at 10:35 PM
The index is a new comprehensive measure of affordability for prospective renters that measures the share of advertised rentals that are affordable for renters right across the income distribution.
Given these negative effects, there are real benefits from replacing stamp duty. But that will be challenging – state governments are very reliant on the revenue. I discuss some of the models for reform, drawing on the Henry Tax Review, in the report: rea3.irmau.com/site/pdf/10a... (5/5)
February 28, 2024 at 11:44 PM
Given these negative effects, there are real benefits from replacing stamp duty. But that will be challenging – state governments are very reliant on the revenue. I discuss some of the models for reform, drawing on the Henry Tax Review, in the report: rea3.irmau.com/site/pdf/10a... (5/5)
This increase has wide-ranging implications. Joint research with the e61 Institute finds that a 1 percentage point increase in stamp duty reduces the number of home purchases by 7.2%. You can read the research in detail here: e61.in/stepped-on-b... (4/5)
February 28, 2024 at 11:44 PM
This increase has wide-ranging implications. Joint research with the e61 Institute finds that a 1 percentage point increase in stamp duty reduces the number of home purchases by 7.2%. You can read the research in detail here: e61.in/stepped-on-b... (4/5)
Part of this increase is because home prices (and thus stamp duty) have grown faster than income. But not all: bracket creep has been very significant, which means buyers today are paying much higher rates of stamp duty than used to be the case. (3/5)
February 28, 2024 at 11:43 PM
Part of this increase is because home prices (and thus stamp duty) have grown faster than income. But not all: bracket creep has been very significant, which means buyers today are paying much higher rates of stamp duty than used to be the case. (3/5)
Buyers today pay far more stamp duty than in previous generations. A buyer in Melbourne is paying 6.1 times as much, relative to their income, as a buyer in the early 1980s. (2/5)
February 28, 2024 at 11:43 PM
Buyers today pay far more stamp duty than in previous generations. A buyer in Melbourne is paying 6.1 times as much, relative to their income, as a buyer in the early 1980s. (2/5)
You can read more about the analysis in the e61 micronote (e61.in/stepped-on-b...), or my colleague Benn’s write up (www.realestate.com.au/news/soaring...). We also have forthcoming research that will quantify stamp duty's effects.
Soaring stamp duty stings homebuyers up to six times more than a generation ago - realestate.com.au
Stamp duty is costing homebuyers up to six times more than it did a generation ago, with home prices outpacing pay packets over the past four decades.
www.realestate.com.au
February 12, 2024 at 3:52 AM
You can read more about the analysis in the e61 micronote (e61.in/stepped-on-b...), or my colleague Benn’s write up (www.realestate.com.au/news/soaring...). We also have forthcoming research that will quantify stamp duty's effects.
This means stamp duty is a huge cost – as much a six months of average full-time take home pay for a median-priced home in Sydney and Melbourne. Even in lower-taxing states stamp duty is still more than three months of income.
February 12, 2024 at 3:52 AM
This means stamp duty is a huge cost – as much a six months of average full-time take home pay for a median-priced home in Sydney and Melbourne. Even in lower-taxing states stamp duty is still more than three months of income.
The whole webr push seems a good counterexample to me (though I am not closely following tbf)? That stuff is deeply complex and seems potentially very useful. Sharing shiny stuff has always been a pain point; if it can all just be bundled up to run in the browser that would be a big win
December 20, 2023 at 12:04 AM
The whole webr push seems a good counterexample to me (though I am not closely following tbf)? That stuff is deeply complex and seems potentially very useful. Sharing shiny stuff has always been a pain point; if it can all just be bundled up to run in the browser that would be a big win