What: Discuss + Debate + Drinks + Pizza When: Wednesday, April 24 Time: 6pm Cost: Free In a world of rapid technological development and innovation, how can the public ensure a fair return on Intellectual Property (IP) monopolies while furthering investment in R&D and technology? As time goes on, the advancement of technology sees the value of […]
Read More
Work With Us
Prosper Australia is currently looking for a Marketing Communications expert. Full details can be found here. Prosper Australia is an independent, not-for-prot organisation campaigning for economic justice. Our agenda includes research and advocacy for reforms such as land value capture for transport infrastructure, rezoning windfall gains taxation, shared equity housing models, recombining natural monopolies, and […]
Read MoreImpeding the Market
Here is the livestream of the report launch for Speculative Vacancies 9 – Impeding the Market: The accompanying powerpoint: Speculative Vacancies 9 – Impeding the Market from Prosper Australia Just how much market power should owners of real estate enjoy? Anyone who has ever uttered the words ‘housing supply’ must digest this report.
Read MoreVacancies to rise in falling market
By Michael Bleby, Snr Report, Australian Financial Review The number of vacant investor-owned properties in Melbourne remains high, with as many as 16.2 per cent homes sitting empty, according to the latest Speculative Vacancies report based on 2017 water usage data. The proportion of investment homes using less than 50 litres per day – equivalent […]
Read MoreSpeculative Vacancies 9 – Impeding the market
Key recommendations Water data indicates 60,901 residential properties were vacant in 2017 at a rate of 3.9%. Absolute vacancies using zero litres of water revealed 21,326 residential properties at 4.6% of the rental market. Up to 16.2% of investor owned rental properties were potentially vacant. Absolute vacancies had the potential to add 17.3% to housing […]
Read MoreProperty Rights tilt the playing field for generations
Renegade Economists Show 574 As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays. Subscribe to the weekly podcast. Show Notes Karl returns for the 1st monthly show, with a focus on Property Rights. Just how much of an advantage are they and how can we re-balance these opportunities? Along the way we visit a […]
Read MoreSpeculative Vacancies 9 report launch
Tuesday April 9th, 6.30pm Level 1, 64 Harcourt St, North Melbourne Presenter: Karl Fitzgerald Prosper’s controversial report is back to investigate the number of vacant properties flying in the face of the ‘supply crisis’. *** If you are frustrated at the vacant blocks you pass on your commute and would like to be involved in […]
Read MoreFinally, Negative Gearing oversight
Have you ever wondered what oversight is provided to ensure investors place their properties on the market at market rents? Or do some push rents higher so they fail to rent and NG writeoffs are accentuated? Recently the Greens senator Peter Whish-Wilson had the following ‘questions on notice’ answered by the ATO in the Senate […]
Read MoreI need a pay rise. Something deep and structural…
For our collective angst over Australia’s economic decline, wage growth is an indicator most dreadful. Look into the eyes of stagnating wages growth and see property markets crash, governments crumble, and hi-viz-vested citizens burning bankers in the streets. What the people need is a pay rise. Labour are putting a ‘living wage’ on their flagpole […]
Read MoreHow much is a politician’s skin worth?
The IMF has added its voice to the calls for Australia to reform how we tax ourselves to be more productive, fairer and better placed to manage the headwinds ahead. Its annual consultation report with the Australian government says: “Stamp duties should be replaced by broader land taxes, which would strengthen incentives for efficient […]
Read More