#vacancytax — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #vacancytax, 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 -
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) -
Global News BC: B.C. expanding speculation tax to Kamloops, Parksville, 11 other municipalities https://globalnews.ca/news/10108829/bc-speculation-tax-kamloops-parksville-expand/ #globalnews #britishcolumbia #news #primaryresidence #speculationtax #housingcrisis #KatrineConroy #PropertyOwner #RaviKahlon #VacancyTax #Politics #Economy #Housing
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#Vacancytax could improve Australia's #housingcrisis #rentalcrisis #PigsFly #nevergonnahappen #property #lobbying
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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