John Alexander: Tax property developers for infrastructure :

John Alexander: Tax property developers for infrastructure


MacroBusiness
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at 10:20 am on January 27, 2021 | 11 comments
Liberal MP John Alexander believes there is a better way to fund the government’s “unprecedented” infrastructure projects which doesn’t include indebting future generations of Australians:
Mr Alexander told Sky News there is now mounting evidence to show how the value of property around major infrastructure projects experiences extraordinary uplifts sometimes to the tune of 5000 per cent.
He pointed to the Badgerys Creek Airport development where agriculture land is valued at around $2000 an acre, but post development – if that land is close to a key piece of infrastructure – it will be valued at in excess of $10 million.

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