Support a GST increase? Think about the children first

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By Michael Janda Online business reporter with the ABC. Reposted from The Drum Increasing the GST is widely presented as the logical, perhaps the only, solution to Australia’s revenue shortfall, but it is a deeply flawed tax and there are better alternatives, writes Michael Janda. It is presented as a fait accompli that a GST […]

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Friendly Jordies versus Property Speculators

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Referencing our eighth Speculative Vacancies Report, Friendly Jordies breaks it down for the everyday person. When are politicians going to get more proactive on the incredible advantages property speculators enjoy? Resources: Zine – Shareholders of Planet Earth Roots Revolution (1985) Watch one of the top 100 films to change the world, Real Estate 4 Ransom […]

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Humans vs Houses: Australia’s perverse tax system

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by Cameron Murray Reposted from macrobusiness I often joke that my investment property earns more than I do. Thinking more about this lead me to the realisation that my investment property has a privileged position in the tax system when compared to a measly old human being. Below I summarise some of the main tax […]

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Housing supply fails – Speculative Vacancies instead

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A collection of the week’s radio interviews regarding our 8th report into Speculative Vacancies: With Catherine Cashmore on our favourite weekly show, the Renegade Economists: Vacancies Up, House Prices Up by Renegade Economists on Mixcloud Tony Biggs interviews Karl Fitzgerald on the popular On the Blower (RRR). Great discussion! Speculative Tricks of the Trade by […]

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Currency Cold War Breakout

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In other news, our colleague Michael Hudson (who will appear on next week’s Renegade Economists radio show) provides his unique insight into geo-politics. Cross-posted from his site:   On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current policy on […]

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Beware of Greeks bearing gifts

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The economic impact of stamp duty, a study by Deloitte Access Economics for the Property Council of Australia released yesterday, finds Australia’s GDP would increase by $3.3 billion and real consumption by $9.7 billion if conveyancing stamp duty was replaced by an increase in the GST. Deloittes explains the damage and misallocation stamp duties impose: […]

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Vacant homes up 28% despite housing crisis

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Media Release: Speculative Vacancies Defy Housing Affordability Pressures – Again 82,724 properties lie vacant and unoccupied across Greater Melbourne, according to Prosper Australia’s 2015 Speculative Vacancies Report released today. Key findings: •    4.8% of Melbourne’s total housing stock vacant in 2014 •    Up to 18.9% of investor owned property found vacant •    Speculative Vacancy rate […]

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Almost 20pc of Melbourne’s investor-owned homes empty

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Published by the Australian Financial Review by Michael Bleby The number of empty houses and apartments in Melbourne is much higher than traditional estimates, with as many as one-fifth of all investor-owned properties lying empty, according to a study of water usage by think tank Prosper Australia. Victoria leads the country in terms of new housing approvals and planning authorities gave the […]

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Speculative Vacancies 8 Report

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Executive Summary Prosper Australia’s Speculative Vacancies Report demonstrates how Government housing, tax and supply policies have allowed widespread residential and commercial vacancies in Melbourne. Melbourne’s three main metropolitan water retailers, City West Water (CWW), South East Water (SEW), and Yarra Valley Water (YVW) made their data available for this report. Speculative Vacancies (SVs) are assessed […]

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Speculative Vacancies 8 report launch

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Speculative Vacancies 8 – the Empty Properties Ignored by Statistics Wednesday Dec 9th, 6.30pm Presenter: Catherine Cashmore Venue: Our new premises – Level One, 64 Harcourt St, North Melbourne RSVP – limited seats Read the report Report author Catherine Cashmore has delivered an extensive investigation into the state of a housing market in turmoil. In what other […]

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https://prosper.org.au/2015/12/