Authoritative land information and Australian property markets

Nilofer Tambuwala, Abbas Rajabifard, Rohan Bennett, Jude Wallace, Ian Williamson

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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.
Original languageEnglish
Number of pages16
JournalFIG Peer Review Journal
Publication statusPublished - 6 May 2012
EventFIG Working week 2012: Knowing to manage the territory, protect the environment, evaluate the cultural heritage - Rome, Italy
Duration: 6 May 201210 May 2012

Keywords

  • METIS-294713

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    Tambuwala, N., Rajabifard, A., Bennett, R., Wallace, J., & Williamson, I. (2012). Authoritative land information and Australian property markets. FIG Peer Review Journal.