Dear Prime Minister, I’m an innovation worker and your ‘Plan’ will drive me away.

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By Matt Ellis reposted from RationalRadical Dear Prime Minister Turnbull, I am writing to belatedly and publicly call your bluff on your so called ‘innovation agenda’, which forms a key plank of your ‘Plan’ for jobs and growth. There are all kinds of reasons to be disappointed with your leadership of this country so far, […]

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The compulsory retirement of home ownership in Australia

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… A Turnbull victory will entrench the bidding advantage of investors over owner-occupants, even for established homes. The age of home ownership as we know it is coming to an end. The age of investor hegemony is here. From now on, for a typical first home buyer, the only way to beat the investors will […]

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The Andrews government underground gift to wealthy landholders

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Victorian taxpayers were kicked in the teeth yesterday by Public Transport Minister Jacinta Allen, who announced city landholders would not have to contribute to the $10.9 billion Metro Rail project, though they will enjoy substantial and certain land prices rises from its construction without lifting a finger. Improving access and speed to the city for […]

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A world gone mad

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We were all meant to be wealthy by now – new technologies having assisted the means of production and service delivery. Instead, what we’ve inherited is a world gone mad, and in debt. Where did all the wealth go? Look around you. Obviously, it’s gone mainly to those at the very top. No, not just […]

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Schroedinger’s negative-gearing investor

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SQM Research contradicts itself on Labor’s negative-gearing policy … So we are supposed to believe that, on the one hand, investors will be so spooked by the non-transferability of negative gearing that investment in new homes will fall, in spite of the continued allowance of negative gearing for new homes but not established homes; and […]

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SMH gets thoroughly modern and calls for a land tax

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The Sydney Morning Herald thundered about NSW government finances in a May 25 editorial: $17 b a year hole in NSW future finances. This is mostly the usual stern conservative stuff we have learned to expect from Fairfax. But it does close on an upbeat note: “The Herald has long called for NSW to transition […]

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The Other Sydney Lockout

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Presenters: Karl Fitzgerald with Friendly Jordie
s Date: Tues June 28, 6.30 – 8pm Venue: Tortuga Studios, 31 Princes Highway, St Peters, 2044 Cost: $5 entry donation Sydney has been besieged by controversy over the lockout laws surrounding nightclubs. In the background, democratic pressures over the amalgamation of councils continues. But the big lockout is the […]

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Brumby calls for change

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Former federal and state politician John Brumby had a piece in THE AGE last Tuesday “Australia needs to start making its own luck” warning of ‘dog days’ and Australia heading down ‘the Greek road’. Although Brumby clearly followed the neo-liberal economic textbook, both sides of politics should be prepared to openly address our precarious economic situation – because Australia […]

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REIA contradicts itself on negative-gearing policy (updated)

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Further to my post of 21 May, I note that the Real Estate Institute of Australia (REIA) is now making two contradictory claims on Labor’s negative-gearing policy. In mid May, the REIA launched its campaign claiming that if negative gearing for future purchasers is allowed only for new homes, rents will rise, because: (a) investors, including investors […]

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REINSW: as trustworthy as the agents they represent

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The Real Estate Institute of New South Wales calls for conveyancing Stamp Duty discounts for first home buyers and “property consumers over 65 years of age” in its submission to the NSW government‘s June 2016 budget. They say: “The ultimate goal must be to abolish stamp duty. It is an unjust, inefficient and market-distorting tax.” […]

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https://prosper.org.au/2016/06/