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 [...]

As published in Online Opinion 18/04/2013 Owning a home is a fantasy without $70,000 in savings. This is simply not possible on an average wage. The debate heated up with Tom Whitty’s statement ”You have to ask, if those being duped are too naive to complain, and those profiteering are too valuable to upset, is [...]

  by Bryan Kavanagh reposted from On-line Opinion I’m constantly told Australia’s land prices are astronomically high because of our high rate of immigration and the shortage of supply of residential allotments So, it seems the price of a block of land has simply been reduced to an issue of supply and demand. However, in [...]

  A fact-free defence of urban planners in The Conversation yesterday has left me fuming about how this group is immersed in process and blind to The Game being played around them. The Game boosts land prices, creates serviced land shortages and impoverishes all who need shelter. Planners are proud to quickly turn around conforming applications.  [...]

  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 [...]

Governments in China, Hong Kong and Singapore are acting to curb property speculation. Zero Hedge comments: The reason for this “hot money” phenomenon is the easy money policy adopted by all the world’s central banks (except for the PBOC of course, which is forced to stick with reverse repo-based ultra short-term money injections), coupled with [...]

  by Philip Soos For those interested in the Australian residential property market, below are a collection of figures illustrating long-term trends. Housing prices and land values are compared to a basket of fundamental metrics. Australians are fortunate because much data on real estate and financial markets are publically available, going into depth not seen [...]

  The ABS House Price Indexes 8 Capital Cities Dec 2012 6416.0 was released this morning and shows prices rising 2.1 per cent for the year and 1.6 per cent for the quarter. This result will encourage those who see expensive land as a badge of honor. It provides no respite for Australia’s 1.1 million [...]

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. [...]

  The latest annual Demographia International Housing Affordability Survey ranks all Australian capitals as Severely Unaffordable. They’re right and the statistics back them. Housing has two elements, the building and the land.  What fluctuates is the land price; structures are worth only what they cost to build.  High land prices mean current buyers are committing [...]