#landbanking — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #landbanking, aggregated by home.social.
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@investmentill It’s not just arrogance — it’s land banking. Leaving properties empty is a deliberate strategy to keep prices high. A simple vacancy tax, like those used elsewhere in the world, would curb this nonsense. But we don’t do that — we reward it.
#landbanking #housingcrisis #vacancytax #sydneyproperty #auspol -
Sydney is facing a severe housing shortage, and owning a mansion seems like a distant dream for many. Meanwhile, there are sprawling, multi-million dollar homes across the city that have been left vacant and neglected for years. New South Wales tops the list for empty homes, with 22,000 vacant properties in Sydney alone. #HousingCrisis #SydneyRealEstate #VacantHomes #RentalCrisis #LandBanking #vacantpropertytax
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The empty #Sydney apartments sitting idle and unoccupied during a #housingcrisis #rentalcrisis #landBanking
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A man's home may be his castle, but even castles aren't immune to neglect. If left to rot, they become vulnerable. While people can leave private #property vacant, it's always regulated by law for the community's benefit. With a #housing shortage, using unused #homes is more crucial than ever. #housingcrisis #rentalcrisis #landBanking #auspol #vacantpropertytax
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Are derelict homes part of the answer to #Australia #housingcrisis ?
Vacant homes like those on Alice St in Newtown, Sydney, highlight the issue of vacant properties. Despite recent minor refurbishments, these homes remain largely uninhabitable, mirroring a broader trend where the Australian Bureau of Statistics estimates up to 140,000 homes are vacant nationwide. Factors such as delayed development approvals, #landbanking, and elderly owners holding onto multiple properties contribute to this phenomenon. Some states, like Victoria, have introduced taxes on vacant properties to address the issue, yet there remains significant debate and resistance from property owners and investors, leaving a substantial amount of real estate underutilized during a housing shortage.
#vacantpropertytax #rentalcrisis
https://www.abc.net.au/news/2024-07-04/derelict-homes-part-of-the-answer-to-housing-shortage/104051820 -
In #Sydney, one in five homes in affluent suburbs like Neutral Bay, Kirribilli, #Bondi Beach, #PottsPoint, and Cremorne are sitting empty, with thousands more used as secondary residences. #NSW crossbench MPs suggest a #vacancytax, similar to Victoria's, to address the #housingsupply and #affordability crisis. This tax could fund housing for essential workers and bring more properties onto the rental market. MP Alex Greenwich supports this, especially for underutilised homes in areas like Millers Point. Greens MP Jenny Leong highlights the inequality where some own multiple homes while others struggle with rent, advocating for policies to move empty homes to the long-term rental market and regulate short-term rentals. She also calls for rent controls and an end to no-grounds evictions. The need for such measures is underscored by rising rents and increasing homelessness in NSW. #housingcrisis #rentalcrisis #landBanking #ForeignBuyers
(Article behind paywall) -
As rental prices rise, more Central Coast families are being forced into "dirty and violent" tourist parks and short-term accommodations. #Housing providers report that some individuals are moving into places with dead animals, drug paraphernalia, and moldy furniture. In response, the state government is considering reforms to tackle issues like #landbanking and no-grounds evictions. #auspol #housingcrisis #rentalcrisis
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Tens of thousands of homes are vacant across #NSW, new data has revealed, as state and federal governments scramble for solutions to the country’s #housingcrisis.
In New South Wales, about 43,183 inactive or vacant homes have been identified, with about 22,000 of the houses in Greater #Sydney.
The City of Sydney has 1757 inactive homes, the highest number based on electorate data. #property #homeless #homelessness #auspol #vacantpropertytax #landBanking
https://7news.com.au/news/hundreds-of-vacant-properties-in-sydney-amid-housing-crisis--c-14154702
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Almost 100,000 apartments and houses across New South Wales are not being used for long-term #housing, according to state government modelling
#housingcrisis #rentalcrisis #landBanking
https://www.theguardian.com/australia-news/2024/feb/15/nearly-100000-nsw-homes-not-being-used-for-long-term-housing-figures-show -
Hmmm... so what do we make of the fact the planning permission for #housing 'units' outstrips actual building?
Since 2017, each year planning permissions have exceeded new build unites by 100,000 a year suggesting over the entire period on the chart there is a shortfall between permission & build of around 1m dwellings.
Whatever the difficulties of brings projects on, this suggests at the least #landbanking & at worst clear market manipulation....
Govt. inaction looks like more #corruption?
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Foreign investors who leave #property they own vacant will be slugged with charges of upwards of $169,000 under a federal government plan to free up more housing stock. #hallelujah #vacantpropertytax #landBanking #housingcrisis #rentalcrisis
https://www.abc.net.au/news/2023-12-10/foreign-investor-vacant-home-fee-increase/103210808
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Up to one in 10 homes may be vacant at any one time in #Australia, with #landbanking, #airbnb short-stay accommodation and legal matters just some of the reasons properties may be kept empty. So what's being done to help open more housing up to people? Could they ease the #housingcrisis ? #rentalcrisis ? #auspol #vacantpropertytax
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@Kabbaway shhhh we don’t talk about the that #vacantpropertytax Most are #landBanking foreign owned locked up. And don’t forget that politicians from both sides are #property owners, multiple properties.
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A solution to #rentalcrisis and #affordablehousing problem that no one wants to talk about. A #tax on empty homes may be more effective than constructing new builds at creating affordable housing. Our #property revenue dependent #msm is never going to bring up the subject in #Australia #vacancytax #landBanking
https://www.ucl.ac.uk/news/2019/feb/empty-homes-tax-may-make-housing-more-affordable
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#Sydney ’s exclusive eastern suburbs house was purchased by a Chinese billionaire in 2016 for $20 million, and has since sat empty.
Now, the Vaucluse home has been put back on the market, with Chinese food tycoon Sun Shao Feng hoping to fetch a cool $38 million. #vacancytax #landBanking #rentalcrisis -
A million homes sit empty, so where are they and can they help ease the #housingcrisis ? #landbanking #auspol #ausproperty
https://www.abc.net.au/news/2022-07-20/homeless-crisis-million-homes-vacant-in-australia/101234424
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The influence of #Airbnb on #Australia 's #rental #crisis, as experts call for focus on 'real issues' at play (more #bullshit from #vestedInterests )
https://www.abc.net.au/news/2022-12-29/influence-of-air-bnb-on-australian-rental-crisis/101809556
Maybe earlier story By Loretta Lohberger might have your answers:
One million #homes were #unoccupied on census night. How that could help people struggling to find #housing #landbanking #propertylaws
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CW: Understanding crony-capitalism
"Did we say a maximum 3 storeys?"
"We meant 9"
*tries to quietly amend laws without involving wider #community*
#speculation #cronyism #cronyCap #landBanking #landlords #gentrification #privateEquity #corruption #overdevelopment #overpopulation #overshoot #humanFilingCabinets #stayInHome #metaverse #meta #fakeBook #TheMatrix #matrixWorld #takingTheWorldPrivate #neoFeudalism #housing #publicPrivatePartnership #PPP