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What if, each time you moved home, you were charged $30,000? That’s the reality for home buyers in most states of Australia, who pay stamp duty as well as paying the removalists.
If you need to move multiple times for your job, after a while you won’t be able to afford to.
Nick Garvin from the e61 Institute has estimated the effect of this on people’s ability to move to a new home.
He says in New South Wales alone, stamp duty stops 100,000 people moving per year. In Victoria, it’s almost as high, at 90,000.
Also this morning, our panel of leading economists counsels Prime Minister Anthony Albanese against “thinking big” when it comes to supporting green energy.
Albanese says he wants to go “toe-to-toe” with the massive Inflation Reduction Act that’s turning the United States into a solar, wind and battery powerhouse.
But the panel says if our government is going to support innovative industries, it should support all kinds, and not just specifically green ones.
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Peter Martin
Economics Editor
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Nick Garvin, Macquarie University
New estimates suggest that if just one state, New South Wales, scrapped its stamp duty, an extra 100,000 Australians would move homes each year.
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Peter Martin, Crawford School of Public Policy, Australian National University
Prime Minister Anthony Albanese wants Australia to go “toe to toe” with the US in supporting green energy. Leading economists surveyed by the Economic Society are unimpressed.
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Judith Brett, La Trobe University
In his second Quarterly Essay, Lech Blaine tries to make sense of former Queensland policeman Peter Dutton. Who is he? What drives him? And what does he hope to achieve if he wins government?
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Louise Grimmer, University of Tasmania
Despite growing wariness of supermarkets, Australians have an enduring trust for retail brands that sets us apart from other countries.
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Ruth Wallace, Charles Darwin University; Sally Knipe, Charles Darwin University; Tracy Woodroffe, Charles Darwin University
The federal and NT governments have just made a ‘historic’ funding announcement of about $1 billion for schools in the territory.
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Cherine Fahd, University of Technology Sydney
The anonymous artists and activists behind no-photo2024 are highlighting the exclusion of Palestinian photographers from PHOTO2024.
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Ian Hall, Griffith University
Modi’s party has struggled to generate jobs for young people, but is highly adept at marshalling votes to win elections.
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Alexandra Gibson, Te Herenga Waka — Victoria University of Wellington; Alex Beattie, Te Herenga Waka — Victoria University of Wellington
Responses to our qualitative survey suggested artificial intelligence was at play. The results were woeful, and researchers will need to work harder to prevent contaminated outcomes.
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Jennifer McCann, Deakin University; Karleen Gribble, Western Sydney University; Naomi Hull, University of Sydney
Toddler milk is high in sugar and can leave toddlers reluctant to try new foods. It’s also heavily marketed to time-poor parents. We’re worried.
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Ali Pourmousavi Kani, University of Adelaide; Rui Yuan, University of Adelaide
The amount of detailed real-time data a smart grid needs to manage the push for electrification and renewables presents challenges – but there’s an affordable solution.
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Politics + Society
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Adrian Beaumont, The University of Melbourne
Polls aren’t favouring state Labor parties. Based on the latest figures, Labor would struggle to form government in Tasmania, while support for the party in Queensland has dipped.
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Health + Medicine
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Jacinta L. Johnson, University of South Australia; Kirsten Staff, University of South Australia
Here’s what you can realistically expect and what you need to know if you’re considering this treatment.
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Environment + Energy
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Taylor Brydges, University of Technology Sydney
We know fast fashion is bad for the environment. Ultra-fast fashion makes matters worse. This disturbing trend towards disposable clothing is the opposite of sustainable. Here’s what must be done.
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Education
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Geoffrey Miller, University of Otago; Miriam Neigert, University of New England
Diplomacy and national security rely on expertise in foreign languages and cultures. Australia and New Zealand need to address the looming deficit in university foreign language courses.
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Arts + Culture
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Erin Harrington, University of Canterbury
For its many strengths, the film may divide audiences with its chaotic, surreal final act.
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Huw Griffiths, University of Sydney
Eamon Flack’s production captures well – and with a lovely, light touch – the sense of fleeting memories that are, nevertheless, still available to us.
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