Introducing land rent, the ACT's excellent idea for making houses cheaper
- Written by Cameron Murray, Lecturer in Economics, The University of Queensland
In Canberra you can build on land you don't own.Shutterstock
Australian home prices have risen 60% in the past five years. That’s great news for the seven million households who own one.
But at the same time three million Australian households pay a total of $50 billion per year in rent. The more prices rise, the further away their dreams of...
Read more: Introducing land rent, the ACT's excellent idea for making houses cheaper