Land Prices Outstrip Wages 2 – 1

by | Mar 23, 2011 | Press Releases

Since 1996, residential land prices have raced from 110 per cent of GDP to nearly 220 per cent of GDP. Meanwhile, wages have declined modestly against GDP. “First Home Buyers’ incomes have simply not kept up with the strong rise in land prices. Here is the proof,”...

Buyers Strike Day 3

by | Mar 17, 2011 | Press Releases

“Thousands of would-be homebuyers have committed themselves to Prosper’s Buyers Strike and are now standing out of the market,” Prosper Australia campaigner David Collyer said today. “Our call for a buyers strike has gone viral over the internet – spread far and wide...

Prosper calls for Buyers Strike

by | Mar 15, 2011 | Press Releases

Sign the GetUp petition Join the Facebook group Tax reform group Prosper Australia today called on first home buyers to delay buying real estate ahead of the flip into a falling market, which it described as ‘imminent’. RP Data reports there are over 900 Melbourne...

Land greed drives Arab fury

by | Mar 8, 2011 | Commentary

photo credit: CharlesFred Revolutionary spirits are boiling over across the Middle East. Mubarek of Egypt has fallen; Gaddafi is washing the streets of Tripoli with good Libyan blood. The problem is the division of wealth: citizens live in abject poverty while a...

She’ll be right, mate

by | Mar 3, 2011 | Commentary

photo credit: pierre pouliquin Staggering sums of money generated by the commodity boom are providing cash bonuses for mining executives and riches to mine owners beyond their wildest dreams. The problem is, that money belongs to you and me.  It is our country being...