Real estate cycle expert Bryan Kavanagh says turnover and price declines in Sydney and Melbourne during 2018 indicate an economic recession in the 2019-20 financial year. The 2018 “Kavanagh-Putland Index”, released today, shows the total value of Australian real estate sales to GDP. Mr Kavanagh said the $50 billion pumped into markets by the Rudd-Swan […]
Bryan Kavanagh’s new report on the state of the real estate cycle, in light of the latest Kavanagh-Putland Index. The Economy Made Easy from Prosper Australia Background – See the latest edition of Progress where Bryan includes his findings in ‘The Truth About High Land Prices‘.
Dominic Frisby teams up with animator Leon for one of the best animations yet on the need for a more effective tax system. Share this one!
Letter to the Editor AFR, 21/11 Aaron Patrick appears to rue the fact that Professor Joseph Stiglitz has moved beyond standard neo-classical economic theory in pointing out the flaws of monopoly-capitalism, and especially the now entrenched failure of this system to deliver a fair rate of wages to workers. Stiglitz is clearly very concerned about […]
Dr Cameron Murray on actual housing affordability policy that works. A short video on two policies at least FOUR times more effective than the dominant paradigm of ‘build more houses’. These are excerpts from the 127th Annual Henry George Commemorative Dinner, where we launched Cameron’s Unspoken Alternatives to Expensive Housing. See the full speech and […]
Video of Dr Cameron Murray’s full speech at the 127th Annual Henry George Dinner, where the Unspoken Alternatives to Expensive Housing report was launched.
Christopher Burns First published in Progress Magazine #1124, this article is timely upon the ten year anniversary of the Global Financial Crisis. Please note the first graph when reading the many GFC related articles this week. Not content with blowing up the global economy in 2008, Wall Street quickly moved to extend its’ grasp on […]
Last night Warwick Smith, Senior economist at Per Capita was awarded the EJ Craigie Writing Award for his piece The big spending Victorian state budget is built on Australia’s worst tax. Warwick quickly laid out the damaging effects of stamp duties and then moved on to show another innovative ACT policy move, with the transition […]
Cameron Murray gave the 127th annual dinner speech last night. Check his work at Fresh Economic Thinking Introductory remarks 1. To make health care affordable we broke this monopolistic market. We now spend over $100 billion to give everyone who needs it high-quality health care for free. 2. We could break the market in residential […]
How to deliver affordable housing without inflating landlord profits by Dr Cameron Murray Most housing subsidies end up increasing landlord and developer profits rather than reducing housing costs for residents. Public land rent schemes that provide discounted land access to owners, and private Community Land Trusts, are proven ways to ensure that subsidies reduce costs […]