Capital Growth, page-94

'bring in land tax on residential property and free housing up."

I'm presuming you mean owner-occupier residential property, wiskers ???? If that is the case, additional taxes would also hit the folks/property you're trying to free up, so a 'catch 22.' As for owner/occupier homes the buyers/owners are already heavily burdened with an up-front stamp duty tax and ongoing rate charges (local government tax). And then there's all the GST charges associated with property ownership.

That aspect aside, the government can't keep treating the collective public as a bottomless money pit, particularly, given they waste circa 50c in the dollar. Even so, I would suggest a better method of supplying enough homes to match demand is to use 100% of property stamp duty collections to finance additional public housing for a modest return to the taxpayer. In addition, to cap the number of eligible short-stay accommodations in any one region.

In the end, excessive taxes have a negative effect on society and business. And no one benefits from that.