Prosper Australia has rejected calls for new tax breaks and subsidies for developers in Geelong’s CBD, warning that such measures would shift private risk onto taxpayers without addressing the root cause of stalled development. “Governments should not be in the...
Prosper Australia’s latest Speculative Vacancies data update reveals a 16% rise – to 31,890 – in totally empty homes in Melbourne over the past year. This rise in empty dwellings has undermined the benefit from new housing supply coming online. Including a further...
Prosper Australia today welcomed the inclusion of a stamp duty to land tax transition in Infrastructure Victoria’s new strategy but criticised the absence of value capture as a sustainable and equitable funding mechanism. “We applaud Infrastructure Victoria’s...
From July 2025, Victoria’s long-standing Fire Services Property Levy (FSPL) will become the Emergency Services and Volunteers Fund (ESVF). This higher property tax will fund an expanded range of emergency services, including CFA and FRV, the State Emergency Service,...
Prosper Australia today expressed deep disappointment at the Victorian Government’s continued failure to implement value capture mechanisms in its recent upzoning announcements. By allowing landowners to reap windfall gains without returning a fair share to the community, the government has missed a vital opportunity to fund essential infrastructure and public services.
Prosper Australia has expressed strong concerns over the Allan Labor Government’s recent announcement of 50 new activity centres across Victoria, citing the absence of any form of Land Value Capture (LVC) mechanism as a missed opportunity to ensure fairness and economic sustainability.
2024 Speculative Vacancies report release shows 5.2% of Melbourne’s homes lie vacant. Prosper Australia’s 11th Speculative Vacancy report, examining water meter data, today revealed startling statistics on the extent of unoccupied housing in Melbourne that illustrate...
Prosper Australia is an economic research organisation founded in the Georgist tradition of political philosophy. Our work centres on the monopolistic nature of land and how it shapes our economy and society. We have a long history of research into property taxation...
Prosper Australia today declared its disappointment at the state budget inaction on housing and tax reform. “The Housing Statement declared a goal of 800,000 new homes over the next decade, yet this budget contains only minor announcements on an increased construction...
Supply targets alone won’t solve the problem - we need redistribution and tax reform Prosper Australia today condemned the punitive approach taken by the Allan government to address housing supply, calling the strategy a complete miss of the mark. “Our research shows...