PROPERTY FOCUS

Did you know that 10% of Australia’s private housing stock is not used on a regular basis?

Respected property researcher Michael Matusik revealed this in one of his regular research missives. This equates to 935,000 private dwellings and is an increase on the 830,000 unoccupied dwellings in 2006.

“It seems a waste if you ask me,” Matusik writes, pointing out that two years ago he raised the possibility that instead of a baby bonus the government should have implemented a housing bonus, giving owners an incentive to fully utilise their housing assets.

“Frankly, a stick would be better than a carrot, with much higher land tax being charged on those residential properties not under regular occupation,” Matusik writes.

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