The property holdings of members of the Queensland Parliament

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  The Queensland election this Saturday has the nation holding its breath.  Will the Liberal/National Party government of Campbell Newman with 78 of the 89 seats in the parliament be displaced by a very angry electorate, or merely have their huge majority whittled back and Premier Newman unseated? Intrepid researchers Soos, Egan and David have […]

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Rating System Undermined

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Have u signed up to our Evolving Economics Enews yet? Subscribe here. If you are already a subscriber and noticed some of the links were missing in ‘The Private Earth’ section, they’ve been fixed below so you can connect to the interview with Michael Hudson. Having trouble reading this newsletter? View it online. The enews of Prosper & […]

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The Climate Fund Under Our Feet

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Thursday February 26th, 6.30pm Level 2, 22 Punch Lane, Melbourne Presenter: Karl Fitzgerald RSVP Last year was Australia’s 3rd hottest on record. The likelihood of a radical future grows with each day we do not take action. The need for greater economic flexibility is vital. How can the economic system support cyclists and seaweed cultivists for […]

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Ditch the saddlebags of deadweight losses – for the win

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Yesterday, Cameron Kusher of CoreLogic RP Data called for the removal of conveyancing Stamp Duty and its replacement with a universal land tax.  His comments come just ahead of the release of the federal government tax reform white paper. He echoes Australia’s Future Tax System (The Henry Review) which called for: The abolition of stamp […]

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Rates Cap to Continue Vicious Circle

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“Victorian Labor’s capping of local council rates plays straight into the hands of Tony Abbott’s pro-GST revenue centralisation agenda” stated Prosper Australia Project Director Karl Fitzgerald. “The integrity of Victoria’s local council rating independence was dealt another blow by the arbitrary limit on council revenues. Local Councils will now have to deal with more red […]

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Land – A New Paradigm

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Martin Adams debut book Land: A New Paradigm for a Thriving World is out March 3. The book asks what if we lived in a world where everyone had enough? A world where everyone mattered and where people lived in harmony with nature? What if the solution to our economic, social, and ecological problems was right […]

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Victoria considers ‘Value Capture’

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Victorian Labor in its November 2014 election transport manifesto Project 10,000 boldly announced it would “Remove our 50 worst level crossings” at a cost of  $5-6 billion.  They are now the government. Grade separation of rail – elevating the track or, preferably, putting it underground in cut and cover trenches – removes congestion for both […]

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Stiglitz to Piketty: its the land!

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  Joseph Stiglitz’s recent interview with Lynne Parrymore of the Institute for New Economics demonstrates the difference between land and capital: My paper begins with the observation that in fact, you cannot explain what has happened to the wealth/income ratio by that (Piketty’s) analysis. A closer look at what has gone on suggests that a […]

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OECD’s Housing Concerns

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Yesterday’s OECD Economic Survey of Australia pinpointed key areas of risk.   As Philip Soos and Paul Egan showed today in their 21 chart pack, Australia’s land bubble and accommodating credit cycle opens the economy to incredible risk. But the Abbott government has yet to even add housing affordability to their todo list. The OECD’s no1 […]

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Soos and Egan – Australian Property Chart Pack

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  By Philip Soos and Paul D. Egan This chart pack presents the latest statistics for 2014, updating the dataset provided earlier last year. When adjusted for inflation and quality, housing prices have boomed nationwide since 1996, hitting a peak in 2010, before undergoing a slight fall and rise. On current trends, a new, higher […]

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