Prosper Australia

photo credit: Domiriel Influential SMH Journalist Jessica Irvine today writes about the urgent need for Land Tax to be prioritised in Land is the Best Hope for Fixing the Tax System. The endorsement is requires a complete transcription. Make sure you see the film Real Estate 4 Ransom to investigate these issues further. Land is [...]

photo credit: rubenerd 29 September 2011 MELBOURNE:- Vested interests are determined to stifle reform of the government revenue base at the Tax Forum next week, says Prosper Australia. “The government has lined up industry representatives and lobby peaks – all to plead the special needs of those who pay their salaries. This blatant pandering to [...]

photo credit: Jakob E 28 September 2011 MELBOURNE:- 40,000 young families turned away from a lifetime of heavy debt and bitter disappointment in the last year refusing to accept Australia’s grossly inflated house prices, according to a survey overnight by website RateCity. “Here is the evidence FHB’s are on strike, as we announced in March,” [...]

photo credit: bonkedproducer The vendor-agent relationship is conducted behind closed doors, far from statistical analysis and horrid little sticky beaks like me. But fresh anecdotal evidence is coming quick and fast. The gap between vendor’s price expectations and market prices has become a gulf. Buyers ain’t paying no fancy prices. And agents have a flood [...]

photo credit: Amarand Agasi Westpac Chief Economist Ted Evans nailed his colors to the mast with his optimistic report ‘Australian housing: the bubble myth’. Evans forecasts steady prices for the next two years while household incomes rise 7 per cent pa, “setting a basis for higher house prices in the medium term”. If Westpac Bank [...]

photo credit: h.koppdelaney By Philip Soos This article first appeared at www.theconversation.edu.au and is republished under Creative Commons. One aspect of housing and stock market bubbles continually repeats: the vast majority of economists either miss or deny their existence. In recent years, enormous asset bubbles have burst in many countries. The most notable have been [...]

photo credit: Soon. 17 September 2011 MELBOURNE:- Exponential growth in the number of unsold properties overhanging the Melbourne market continues, up 18 per cent in the last month alone. “In the last five months ‘Stale Stock’ in Melbourne postcodes 3000-3207 has exploded, from 19,800 to 45,499 properties. In the wider Melbourne and environs, 70,856 houses [...]

photo credit: sky_mitch State Treasury’s brief to the incoming Baillieu Government, the Blue Book, urges tax reform to drive Victoria’s competitiveness. The Blue Book has apparently been leaked to The Age. It strongly recommends lowering the burden of state taxes, particularly business charges and Stamp Duty. “The Liberal-National Coalition should seize this opportunity for reform [...]

photo credit: dcmaster Barry O’Farrell was elected Premier of NSW in March this year. His first budget announced Tuesday raised a storm of protest – not over a realignment of government priorities to his conservative Coalition’s agenda, but on Stamp Duty. The previous Keneally ALP government had exempted first home buyers (on houses up to [...]

Just buy me out. Why now? See more of Real Estate 4 Ransom including the trailer and new screening dates for Canberra, Hobart & Sydney. More soon.