The Senate Housing Affordability Inquiry: Prosper’s submission

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Australia has blown a land bubble of immense size.  This troubling reality has finally come to the attention of the Senate and obliged it to examine the matter. Prosper Australia’s submission to the Senate Housing Affordability inquiry examines nine key economic measures of housing affordability and finds all at or near historic highs.  Rather than housing […]

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ABC Radio, Apartment Gluts and Competitive Forces

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This morning I was interviewed by ABC (radio) news regarding Planning Minister Matthew Guy’s ‘Super Tuesday’. The questions focused on “the largest number of private residential permits made on one day by the state government”. Will they make a difference? I pointed to the mass of apartments built in Melbourne over the last five years. […]

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Property Drip Feeding Slips Under the ACCC’s Radar

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“We support ACCC’s drive to contest price gouging but express concern the ACCC focus on online sales is a mere detail compared to what is happening under our feet in the land game.” Prosper Australia Project Director Karl Fitzgerald said today “The global property bubble is accelerating in dozens of countries. The few agencies monitoring […]

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AHURI is ‘Home Alone’

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  In an extraordinary outburst, the Australian Housing and Urban Research Institute has today embraced planning constraints on urban subdivision, elevating ‘developer certainty’ over the risk – heaven forbid! – of oversupply. I kid you not. “While it is almost impossible to untangle the many influences on house prices in any jurisdiction (e.g. local desirability, […]

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FIRE sector eats into productivity

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A must read for those interested in Prof Michael Hudson’s commentary on the growing influence of the FIRE sector in rent seeking activities, cross posted from Macrobusiness. By Leith van Onselen Business Spectator’s Rob Burgess made the following keen observation over the weekend on the hidden cost of Australia’s housing obsession, which has damaged Australia’s […]

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Perma-Nomics @ the SLF

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As we build up for another year of inspiring conversation at the Earthsharing stall at the Sustainable Living Festival (Feb 14 – 16), put this presentation in your calender: PERMA-NOMICS CAN THE 12 PRINCIPLES OF PERMACULTURE BE PARAPHRASED INTO A NEW ECONOMICS? Friday Feb 14th, 5 – 6pm Birrung Mar Event map Today’s ‘divide and […]

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https://prosper.org.au/2014/02/