ah, the softening-up process begins
and now we see how truly independent of Government our Central Bank really is. Just as we saw how they strove mightily to constrain credit growth during the boom in the best long-term interest of the nation. Not.
That Hurley fool should be summarily fired (without benefits) for gross incompetence
If I recall we did have a RPT in the 1990's. I think it was abolished in 1997, or there abouts.
I think it was 1.5% of the "market value" of the property.
Basicially they are trying to soften us up for a widescale residential property tax (RPT) by claiming that it is 'normal'.
Only a matter of time folks !
Wonder if the same thing happened all those years ago when countries (kings ?) first adopted income tax ?
Nothing to worry about ... its normal![]()
Why not just apply rates to residential rents?
Easier to value and cheaper to collect.
"Who will bailout the IMF after FF is finished with them?"