Australia has become one of the most expensive countries in the world and consumers largely have the Government to thank, new research suggests.
Dr Oliver Marc Hartwich from the Centre for Independent Studies today released a report titled Price Drivers: Five Case Studies in How Government is Making Australia Unaffordable.
http://www.abc.net.au/news/2011-12-14/a ... rt/3730444
Heres a link to his report.
http://www.cis.org.au/images/stories/po ... pm-125.pdf
Contents:
Executive Summary..........................................................................................................vi
Introduction..................................................................................................................... 1
Going bananas over fruit prices....................................................................................... 2
No country for bookworms.............................................................................................. 4
Driving Australians crazy.................................................................................................. 6
Why are cars so expensive in Australia? And what would make them cheaper? .............. 6
Luxury car tax ..........................................................................................................8
Impossible imports...................................................................................................9
Making housing less affordable, the Australian way..............................................10
Land supply ...........................................................................................................12
Negative gearing ...................................................................................................14
First home owner grants........................................................................................15
Stamp duties..........................................................................................................16
Infrastructure levies ...............................................................................................17
Shop till you drop: The great retail rip-off ...................................................................... 17
Retail rents.............................................................................................................19
Wages ..................................................................................................................20
Conclusions ................................................................................................................... 22
Endnotes....................................................................................................................... 22