Land windfalls provide wealth illusion

by on October 23, 2014

As published on The Drum. Our houses can’t make us all rich By Warwick Smith PHOTO: Increases in house prices are only really beneficial to those who own more than one house.(Reuters: David Gray) While a recent report might suggest Aussies are the richest people in the world because of high house prices, the reality […]

Read More

Englobo Report Launch, Thursday October 30th

by on October 20, 2014

Thursday, October 30th 6.30 – 8pm Level 2, 22 Punch Lane, Melbourne Presenter: David Collyer RSVP, donations appreciated Join us for the launch of David Collyer’s investigations into the land holdings of Australia’s largest property developers. Englobo 2014 – Land Banking Profits during a Housing Supply Crisis is set to be an explosive report – just how […]

Read More

Property saves the Victorian Budget

by on October 16, 2014

Republished with kind permission from www.macrobusiness.com.au By Leith van Onselen The Victorian Government has released its 2013-14 Annual Financial Report, which revealed a $2 billion surplus in 2013-14 – the largest Budget surplus recorded for the state in 15 years. The result smashed the $935 million surplus forecast in the May budget, and was driven […]

Read More

Australia’s Addiction to Private Debt

by on October 15, 2014

    by Philip Soos and Paul D. Egan A perennial and divisive issue in politics and economics today is the matter of public debt. It is commonly asserted that rising public debt threatens the economy and needs to be reined in. Governments are often portrayed as ‘irrational’ actors when they incur a fiscal deficit, […]

Read More

Sen Xenophon put on notice by affordability petition, follow up

by on October 13, 2014

Cross posted from the Rational Radical By Matt Ellis Last week I had the opportunity to speak to Senator Nick Xenophon about our petition against his plans to allow first home buyers to use superannuation funds for housing deposits. It seems he had at least taken some small notice of the widespread criticism of such […]

Read More

Think Tank Times

by on October 10, 2014

Think Tanks Blow Public Opinion: Prof Michael Hudson on the most influential US think tanks by Renegadeeconomists on Mixcloud Subscribe to the weekly Renegade Economists podcast Transcript Renegade Economists October 1, 2014: DOUBLETHINK TANKS, TAR SANDS, WATER & IMPERIALISM. Karl Fitzgerald: This week on the Renegade Economists we’re joined by Professor Michael Hudson, the author […]

Read More

Infrastructure Recycling Code for Insider Pleasing

by on

Part of our Evolving Economics Enews Series, our fortnightly’ish update on our latest news, views and events. Sign up!   Steve Wall Value Capture Privatisation Agenda  The Federal Government's $5billion infrastructure recycling program continues with governments lining up to sell off the crown jewels. Our leaders are adamant such privatisations (even if for extended leases) […]

Read More

New Stonnington parks to enforce land scarcity

by on October 5, 2014

Chris Vedelago at The Age has exposed a fascinating land-play by Stonnington Council, enforcing scarcity and lifting land prices in the most valuable residential municipality in Melbourne by adding to insatiable demand with its own house-buying to demolish and make parkland. “Stonnington Council has blocked the release of a secret report that would reveal to […]

Read More

East-West = Wasteful Infrastructure

by on October 3, 2014

Letter to the Editor The Age 03/10/2014 David Beardsell North Balwyn The 1880s in Victoria were largely driven by land speculation and the building of useless public and private infrastructure such as the Outer and Inner Circle railways, which ran from Oakleigh to North Melbourne. This scenario closely parallels what is happening today where the […]

Read More

It’s Raine-ing elderly property investors

by on September 30, 2014

  Angus Raine of RE agents Raine & Horne burst into song about property taxes in a letter on page 55 of the Australian Financial Review today – and what a nice cartoon, Clement! Angus wants Stamp Duty tax breaks for empty nesters – people trapped in inappropriate housing by bad taxes.  He wants capital […]

Read More
http://prosper.org.au