3 ms·
Anecdotally that is one of the factors driving up prices. The other main factor is the slowness in which the government opens up new land for building. Also new
by meric 15y ago
Anecdotally that is one of the factors driving up prices. The other main factor is the slowness in which the government opens up new land for building. Also new buildings on new land are taxed more heavily.
- roc 15y agoI'll admit I don't know the first thing about the degree of suburban sprawl, or whether greenfield development taxes are sane or not in Australia. But as an American having grown up and multiply paid for the problems caused by sprawl, I'm definitely on the side of the concept of high greenfield development taxes. No building is an island and there are very real and very steep costs in maintaining and growing infrastructure to handle sprawl. It's crucial to ensure those costs are accounted for in prices. But I digress.