Prosper Australia

16 May 2013 MELBOURNE:- The federal budget initiative to omit conveyancing Stamp Duty for retirees down-sizing to a smaller home acknowledges just how destructive and behavior-distorting this vile tax is, says Prosper Australia. “This is a disgusting, economically dishonest policy,” David Collyer Campaign Manager Prosper Australia said today. “Again, the baby boomer generation is being [...]

  7 March 2013 Prosper Australia today issues its update of ‘Englobo’ holdings of listed property developers (attached), as revealed in their audited half year accounts recently released to the Australian Stock Exchange. Based on last year’s sales – the current pulse of activity – listed developers hold an average 20.4 years supply, up from [...]

30 January  2013   Prosper repeats its call for timely, national data on property sales to be collected by the Australian Bureau of Statistics. “Buying and selling houses in Australia suffers from ‘information asymmetry’ – some participants know a lot more than others about current market prices,” David Collyer Campaign Manager Prosper Australia said today. [...]

15 January 2013 MELBOURNE – The REIV yesterday forecast stable or declining nominal rents if current trends continue. This means rents are falling in real (after inflation) terms. “Shrinking residential rents are a profound set-back for negatively geared property investors,” Prosper Australia Campaign Manager David Collyer said today. “Their strategy is to sacrifice current income [...]

13 December 2012 Citizens deserve the truth: property prices are down -8.6 per cent nationally in real terms. Removing inflation from real estate prices reveals falls from peak of -11.2 per cent in Melbourne and -11.6 per cent in Brisbane in real terms, according to fresh analysis by researcher Philip Soos, deflating the ABS house [...]

11 December 2012 Charging Victorian taxi license holders a stiff annual fee as Prof Allan Fels proposes should be welcomed by every citizen and immediately enacted by government, says Prosper Australia. “TaxiLink director Harry Katsianabis manages 160 taxi licenses worth around $80 million. He could spend $79,999,999 on lobbyists and public relations defending his businesses’ [...]

15 November 2012 The mining investment boom that carried Australia though the Global Financial Crisis is declining rapidly and new engines of growth are urgently needed to steer around the ‘Controlled Depression’ that is driving the world into a spiral of misery – country by country. “Tax reform is something we can do by ourselves, [...]

17 October 2012 The survey of Victorian local government candidates conducted by Prosper Australia ahead of the 26 October election reveals few candidates understand where and how councils are funded. “We learned only a handful appreciate Site Value Rating is a superior rate base to Capital Improved Value,” Prosper Australia Campaign Manager David Collyer said [...]

“This reform means Victorians have a new building tax while the value of our fire service boosts the price of land.”

The ABS Eight Capital Cities House Price Indexes 6416.0 released today shows the property market is totally stagnant with prices unmoved, says Prosper Australia. “Property spruikers calling ‘Bottom!’ based on this data – and they will be – are misleading homebuyers. Sadly, they have come to believe their own one-sided narrative,” David Collyer Campaign Manager [...]