Property rentier collects its spoils

on

By Leith van Onselen Hot on the heels of Prime Minister, Tony Abbott’s gutless announcement that he won’t reform negative gearing, prime spokesman for the property industry, the Property Council of Australia (PCA), has released the following statement: Executive Director, Nick Proud, said providing certainty on the future of this tax measure will benefit housing […]

Read More

134% cheaper!

on

Comedy central, this guy says it all. If only there was a transcript! The emotions this video elicit will only grow following Tony Abbott’s forceful ruling out of Negative Gearing reform today. He wants ‘lower, simpler, fairer taxes’ and then goes on to say it was the former government’s excess spending to blame. Tax loopholes […]

Read More

Xenophon changes tune on super access

on

Cycling into work yesterday I bumped into the good Senator Nick Xenophon. I had to yell out “No super access for First Home Owners”! He responded so I hit the brakes and we had a short chat. In good news, Nick said that he had changed his position: ‘I’ve been listening to the people’. We are relieved to hear this. […]

Read More

Swing that Cat!

on

New Sydney flats will have to be bigger, the NSW Land and Environment Court ruled last week, overturning long accepted common practice allowing minimum one-bedroom unit sizes at 50m2. Dual-aspect flats must be a minimum 58m2 and more common single-aspect flats 73.4m2. Property observers have been watching the steady shrinking of high rise flats with […]

Read More

COAG needs state sovereignty, not handout politics

on

Press Release: Debate over GST split ignores bigger issue “The States should not be threatening to re-impose regressive taxes of the past, but be working with the Federal government to overcome the mis-information prevalent in a property obsessed economy,” stated Prosper Australia Project Director Karl Fitzgerald. “Treasurer Hockey is concerned at the tax avoidance of […]

Read More

In favour of Land Tax

on

Letters to the Editor Bryan Kavanagh Glen Waverley 13.04.2015 The expected backlash to “A tax on land would be fair, efficient and unpopular” (Comment, 8/4) has arrived (Letters, 9 and 10/4). The wealthy will cry crocodile tears for asset-rich, income-poor people. Jessica Irvine did not say we should kick oldies out of their homes but […]

Read More

Deciphering Change

on

With Land Value Tax recently in the press here, here, here, here, here and here, we hope these four interviews with leading international Georgists help build the public knowledgebase. Share them as you may. Listeners from as far afield as Ecuador to Hobart are enjoying the new Mixcloud service, where a weekly email will be sent […]

Read More

The Move

on

We are now settled into our new office space – LSX, 285 Lennox St, Richmond. It’s just a few minutes walk from Richmond Station. Check the map below and more details on our contact page. As a co-working space, it’s a world of innovation and collaboration. We have a social media expert with 17,000 followers […]

Read More

Economic rents subsidise taxes on capital

on

Following the recent Treasury submission to the Federal government’s Tax White Paper, which highlighted the positive marginal excess burden of Land Tax, is a more detailed analytical paper from Treasury using extensive modelling to report on the incidence and efficiency of major taxes in Australia. The report states: Our estimates of the additional welfare cost […]

Read More

The rent ratchet mumble of the BBQ landlords

on

Rents always go up – don’t they? The 1.2 million negatively geared Australian tax payers whose property expenses exceed their rental income think so. Their cunning plan is to patiently wait while the rent ratchet turns their negative cash flows positive and net income losses into profits. If house prices stabilise at current levels – […]

Read More
http://prosper.org.au