Prosper Australia

photo credit: Derek Farr ( DetroitDerek ) Earthsharing Australia, our sister organisation, had its I Want to Live Here report quoted today in the Age article Agents accused of hyping up real estate crisis. Social justice group Prosper Australia analysed residential meter readings over six months and found more than 7 per cent of properties [...]

Below we can see 2 examples of former Commonwealth land being released ‘to the market’. Snapped up by a developer in Melbourne’s most impoverished neighbourhood (Braybrook), such large ‘land banks’ are manipulated to drip feed houses to the markets so that high prices are assured. The building of homes is moderated by land bankers to [...]