Times are turbulent and changing: pandemics, wars, energy crises, climate disasters, inflation, a new government. In this very challenging context, the Albanese government has handed down its first budget. The budget is in many ways foundational. It covers what Labor…
Director of Research Danny Spring, Policy Coordinator Jesse Hermans The Queensland government has backed down on nation-leading land tax reform after backlash from other states and an opposing media campaign waged by big property. The tax reform was modest, impacting…
[et_pb_section][et_pb_row][et_pb_column type=”4_4″][et_pb_text] By Li YiLin Value capture type reforms are underway in Victoria and New South Wales. Both governments aim to increase contributions from people who benefit from public decisions that increase land values, known as value capture, to provide…
The wage share of our collective income is at historical lows while the profits share is on the rise. Why is this? There has been some dispute over what impact wages have on inflation (practically none), and if profits have…
Download our 2022 Vic budget submission (submitted March 2022) Executive Summary Prosper welcomes the opportunity to contribute to the 2022-23 Victorian Budget. We are an independent, Melbourne-based research institute with a focus on the management of exclusive and essential resource…
Australia’s economy is dominated by sectors which derive significant revenue from “economic rents” - or unearned income.
Housing supply is often touted as the one and only solution to unaffordable housing. It is a favourite topic of both the development industry and many government inquiries (including the current Inquiry Into Housing Affordability and Supply).
The media is again full of chatter about the housing affordability crisis in Australia. Property markets have gone on a tear as mortgage rates bottom at levels close to matching inflation. Governments are subsidising a building boom to save the economy from COVID, and the resulting collapse in immigration.
Until recently, no government had a “cogent plan” to deal with impending combustion of Commonwealth fuel excise revenue. But now Victorian Treasurer Tim Pallas has risen to the challenge both to future proof Victoria’s road charging regime, and make Zero…
Download our 2020-21 National Water Reform Inquiry 2020-21 submission (submitted March 2021) Prosper Australia thanks Productivity Commission for accepting feedback on its draft National Water Reform Report. As a non-government organisation with a focus on economic rent taxation and monopoly,…