Value Capture for Victoria

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  Debate over the new Melbourne Metro Tunnel and the funding needed is expected to heat up now that PM Abbott has said the $1.5 for the E-W Link is ‘locked in a box’. An interesting article in The Age highlighted the need for value capture: One idea floated this week, including by one of […]

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Hudson: Labor Incentives in the Ancient Near East

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Prof Michael Hudson on the Ancient Near East by Renegadeeconomists on Mixcloud 04/01/2015 An interview on the new Michael Hudson book – Labor in the Ancient World, the latest in the series on the Ancient Near East, co-edited with Piotr Steinkeller.  Karl: Welcome to the Renegade Economists with your host, Karl Fitzgerald. This week we’re stepping back […]

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Prosper urges SA government to end Stamp Duty for State Land Tax

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The South Australian government is undertaking a tax review to boost state competitiveness and economic efficiency. Their main focus is considering abolishing conveyencing Stamp Duty and funding this by removing exemptions from the existing State Land Tax. Prosper Australia has made a submission to the review, energetically endorsing the government’s proposed reforms. We say: Stamp […]

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Melbourne and Sydney are in housing oversupply

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by Lindsay David If I were an Australian central banker, politician, bank economist, or even a negatively geared property investor, I’d be telling you Australia has a chronic housing shortage, which is responsible for our sky-high housing prices. But as an independent macro researcher, the data tells me otherwise. The best method to determine whether […]

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Australian land prices go vertical

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By Leith van Onselen Core Logic-RP Data has released its Capital Markets Report for 2015, which contains some disturbing data on Australia’s land costs, which have gone vertical despite shrinking in size: The price of vacant residential land across the capital cities has increased sharply over recent years. Over the 20 years to December 2014, […]

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Andrew’s Rate Capping Folly

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Cr Stephen Mayne invited a Prosper presentation at the Future Melbourne meeting last night. This followed on from the February MCC meeting I presented to in reaction to the short sighted Victorian Government decision to cap local council rating. Cr Mayne had asked council officers to analyse the property related tax take by the state government vis the […]

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Property rentier collects its spoils

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By Leith van Onselen Hot on the heels of Prime Minister, Tony Abbott’s gutless announcement that he won’t reform negative gearing, prime spokesman for the property industry, the Property Council of Australia (PCA), has released the following statement: Executive Director, Nick Proud, said providing certainty on the future of this tax measure will benefit housing […]

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134% cheaper!

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Comedy central, this guy says it all. If only there was a transcript! The emotions this video elicit will only grow following Tony Abbott’s forceful ruling out of Negative Gearing reform today. He wants ‘lower, simpler, fairer taxes’ and then goes on to say it was the former government’s excess spending to blame. Tax loopholes […]

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Xenophon changes tune on super access

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Cycling into work yesterday I bumped into the good Senator Nick Xenophon. I had to yell out “No super access for First Home Owners”! He responded so I hit the brakes and we had a short chat. In good news, Nick said that he had changed his position: ‘I’ve been listening to the people’. We are relieved to hear this. […]

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Swing that Cat!

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New Sydney flats will have to be bigger, the NSW Land and Environment Court ruled last week, overturning long accepted common practice allowing minimum one-bedroom unit sizes at 50m2. Dual-aspect flats must be a minimum 58m2 and more common single-aspect flats 73.4m2. Property observers have been watching the steady shrinking of high rise flats with […]

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https://prosper.org.au/2015/04/