INFRASTRUCTURE AUSTRALIA DELIVERS REALITY CHECK ON VALUE CAPTURE (FED)

The release of ‘Capturing Value: Advice on making value capture work in Australia’ by Infrastructure Australia is a reality check on the ability of value capture to fund Australia’s infrastructure gap. “This is a considered report by Infrastructure Australia which rejects the idea that value capture is a magic pudding which can solve the country’s infrastructure needs”, said Ken Morrison, Chief Executive of the Property Council of Australia. “The report finds the relationship between property values and infrastructure is often questionable, that value capture is likely to make only a modest contribution to project costs, there are big risks to poorly designed value capture and many existing property taxes already capture value for governments.”

INFRASTRUCTURE AUSTRALIA DELIVERS REALITY CHECK ON VALUE CAPTURE (FED)