Giant Savings in Don’t Buy Now!

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26 June 2012 Homebuyers who took Prosper Australia’s advice – Don’t Buy Now! – exactly five quarters ago have typically saved themselves $64,000 from the fall in property prices compared to someone who bought. Major land price falls mean a smaller mortgage, saving a further $170,871 in lifetime interest. This shortens their mortgage from 25 […]

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Speculative Vacancies in Melbourne Report: 2012

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20 June 2012 There are 90,700 vacant houses in Melbourne – 5.9 per cent of the total – according to Earthsharing Australia’s 5th annual Speculative Vacancies Report. “Our lazy land use makes a mockery of the drive for affordable housing,” researcher Philip Soos said today. Vacancy hotspots include: Docklands 14.1%, Williams Landing 13.5% and Truganina […]

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Empty Land and Homes

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5th Speculative Vacancies Report Thursday June 21st, 6.30pm Presenter: Philip Soos, Researcher, Deakin Uni Prosper rooms, 1/27 Hardware Lane, Melbourne RSVP Exciting researcher Philip Soos is set to release Earthsharing Australia’s 5th Speculative Vacancies report. Over 1 million homes have been surveyed with extensive findings on commercial vacancies. The figures are jaw dropping in light […]

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Don’t Buy Now! Public Forum

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HOW THE GREAT AUSTRALIAN DREAM BECAME A NIGHTMARE Thursday July 19th, 7pm Northcote Town Hall Presenters: David Collyer, Karl Fitzgerald 189 High Street Northcote Young adults have ugly housing choices: pay rent to a tinpot landlord or spend their working life repaying debt on a house not worth having. We suffered alone, convinced we are […]

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Broadacre Land Prices To Fall Hard

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13 June 2012 Victoria Planning Minister Matthew Guy has made big land price falls on Melbourne’s outskirts a certainty with his extension of the metropolitan boundary by around 7000 hectares. “The gaping chasm between developer supply and buyer demand has never been wider.” Prosper Australia Campaign Manager David Collyer said today. “Minister Guy has just […]

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Yes Please, Treasurer Baird!

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The NSW Treasurer flew a kite in Saturday’s AFR (Baird flags insurance levy reform in budget). We should all come to attention and salute a positive change. We pay for fire fighters through a charge on insurances – in NSW, the Fire Services Levy – which grossly inflates fire insurance premiums and deters many from […]

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Alternative Outlook on Austerity, Sales Tax

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This post was adapted from our e-news service. Sign up on the right hand side of the home page for a bi-monthly email. These certainly are exciting times to be advocating an alternative economic framework. We see thoughout the EU failing economies where tax systems allow the wealthy to siphon money out of the economy, […]

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Weak Construction gets Weaker

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Dwelling construction continues to fall, according to the AIG-HIA Performance of Construction Index for May. Commercial construction and house building activity weakened to 34.7, where anything below 50.0 represents contraction. In parallel, the ABS Building Approvals graph looks like a ski slope, down 24.1 per cent in a year. 380,000 houses are openly for sale […]

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Welfare offers rich pickings for the wealthy

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“The greatest source of redistribution to the rich occurs through the land market, which is usually the largest tangible market in modern economies.”

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“Any Dog Can Win”

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Victoria’s Taxi Industry Inquiry headed by Allan Fels is a breath of fresh air to a monopoly riddled area that overcharges passengers and keeps drivers in poverty. We wrote about the inquiry – Taxi! Tax Me! – back in February. The most repugnant monopoly features centre around taxi licenses, a government-granted right that restricts competition […]

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https://prosper.org.au/2012/06/