Submission to House of Representatives Standing Committee on Economics Inquiry into Home Ownership

This paper empirically examines the effect of current tax policy on home ownership, specifically looking at how developer contributions impact house prices. Developer contributions are a commonly used mechanism for local governments to pay for new urban infrastructure. This research applies a hedonic house price model to 4,699 new and 25,053 existing house sales in Brisbane from 2005 to 2011. The findings of is research are consistent with international studies that support the proposition that developer contributions are over passed. This study has provided evidence that suggest developer contributions are over passed to both new and existing homes in the order of around 400%. These findings suggest that developer contributions are thus a significant contributor to increasing house prices, reduced housing supply and are thus an inefficient and inequitable tax. By testing this effect on both new and existing homes, this research provides evidence in support of the proposition that not only are developer contributions over passed to new home buyers but also to buyers of existing homes. Thus the price inflationary effect of these developer contributions are being felt by all home buyers across the community, resulting in increased mortgage repayments of close to $1,000 per month in Australia. This is the first study to empirically examine the impact of developer contributions on house prices in Australia. These results are important as they inform governments on the outcomes of current tax policy on home ownership, providing the first evidence of its kind in Australia. This is an important contribution to the tax reform agenda in Australia.

Statue of Hon. John C. Calhoun erected in Statuary Hall of the Capitol at Washington ; proceedings in Statuary Hall and in the Senate and the House of Representatives on the occasion of the unveiling, reception, and acceptance of the statue from the State of South Carolina / compiled under the direction of the Joint Committee on printing

This publication is the proceedings of the unveiling ceremony for the statue of John C. Calhoun in the Statuary Hall in Washington D.C.

The tariff. Speech of Representative J. L. McLaurin, of South Carolina, in the House of Representatives, Tuesday, March 23, 1897

This document contains a speech of John L. McLaurin, representative of South Carolina, in the House of Representatives on Tuesday, March 23, 1897 about proposed tariffs.

Where the consumer is not a myth : letters from England describing economic and industrial conditions by Zach McGhee, Washington correspondent : speech of Hon. Wyatt Aiken in the House of Representatives, Tuesday, March 22, 1910

This document contains a speech of David Wyatt Aiken, representative of South Carolina, to the House of Representatives on Tuesday, March 22, 1910. Much of the speech is a letter from Zach McGhee, Washington correspondent of The State newspaper on industrial conditions in England and Europe.

Protection to farmers : speech of Hon. D. Wyatt Aiken, of South Carolina, in the House of Representatives, Tuesday, March 6, 1882, upon the Agricultural Appropriation Bill

This speech is about the Agricultural Appropriation Bill, which is a bill making appropriations for the Agricultural Department of the Government for the fiscal year ending in June 30,1883. Mr. Aiken is approved by the chairman to speak and he goes on to explain that he agrees with the majority of the bill with the exception of two or three clauses. He gives the reasoning behind his objections in the rest of the speech.

Free coinage of silver : speech of Hon. William Elliott, of South Carolina, in the House of Representatives, Thursday, February 13, 1896 [Pamphlet]

This speech is given to the United States House of Representatives. Hon. William Elliot gives a persuasive argument for why he will be voting against the senate amendment for free coinage of silver. He defines free coinage of silver and he describes fifty-cent dollar. He discusses the fall in the price of products and provides causation.

An Address of members of the House of Representatives of the Congress of the United States, to their constituents, on the subject of the war with Great Britain. --

Signed by George Sullivan and thirty-three other Federalist members.

Massachusetts militia claims : letter from the Secretary of War, transmitting, in pursuance of a resolution of the House of Representatives of the 15th Dec., 1826, a report upon the subject of the claims of the State of Masachusetts for certain services rendered during the late war.--

20th Congress, 2nd session. House Doc. no.3.

Member's Pass House of Representatives 1917

"Member's Pass House of Representatives Washington, D.C., May 16th, 1917 Admit Mr. A.A. Schmon to the visitor's gallery for Session (signed) Thomas Scully M.C. from New Jersey"