Over taxed housing: Christopher Joye

Economist and Rismark International director Christopher Joye has pointed to taxes as a serious restraint on the national housing market that could be eased.

He told the HIA housing conference that government taxes account for almost a third of the price of the average Sydney home.

"Housing is one of the most heavily taxed sectors in the Australian economy," Mr Joye said.

"It accounts for 12% of total government tax revenue and an amazing 45% of total state and local government revenue."

{module Do you think property owners, property investors and property developers will ever have their property taxes reduced? }