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    Authoritative land information and Australian property markets

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    Author
    Tambuwala, Nilofer; RAJABIFARD, ABBAS; BENNETT, ROHAN; WALLACE, JUDE; WILLIAMSON, IAN
    Date
    2012
    Source Title
    Knowing how to manage the territory, protect the environment, evaluate the cultural heritage (FIG Working Week 2012)
    Publisher
    International Federation of Surveyors (FIG)
    University of Melbourne Author/s
    CHRISTENSEN, NILOFER; Rajabifard, Abbas; Williamson, Ian; Wallace, Jude
    Affiliation
    Engineering - Geomatics
    Metadata
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    Document Type
    Conference Paper
    Citations
    Tambuwala, N., Rajabifard, A., Bennett, R., Wallace, J., & Williamson, I. (2012). Authoritative land information and Australian property markets. In Knowing how to manage the territory, protect the environment, evaluate the cultural heritage (FIG Working Week 2012), Rome, Italy.
    Access Status
    Open Access
    URI
    http://hdl.handle.net/11343/32580
    Description

    This is a paper from Knowing how to manage the territory, protect the environment, evaluate the cultural heritage (FIG Working Week 2012), Rome, Italy, 6-10 May 2012 published by International Federation of Surveyors (FIG). http://www.fig.net/fig2012/index.htm

    Abstract
    Land information has an important role to play in informing macroeconomic policy. In particular, timely and accurate market information relating to land tenure and value is essential for evidence-based fiscal and monetary decisions, such as interest rates on dept financing and assessing property base taxes. Currently in Australia, there appears to be a gap between the creators of land information at the state level and the users of the information at the federal level. The capacity of evidence-based policy is under-realised as a result. This paper explores the inter-governmental land information flows within three state-based land administration systems and the Reserve Bank and Australian Taxation Office. Results of the study show that integration of land market information is occurring within some state land agencies; however communication with federal government departments is limited, leading to information asymmetries. The paper concludes that new options for enabling more seamless land information flows need to be prioritised. Collaboration will be essential.
    Keywords
    land administration; land information; property markets; macroeconomic policy

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