The Bulletin


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Introducing land rent, the ACT's excellent idea for making houses cheaper

  • Written by Cameron Murray, Lecturer in Economics, The University of Queensland
Introducing land rent, the ACT's excellent idea for making houses cheaperIn 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...

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