The ninth Speculative Vacancies report continues to make waves with a live cross yesterday on Sydney’s ghost towers (ABC TV 24) and a further interview on Sydney’s ABC 7pm News bulletin. This followed on from the ABC online story – Sydney hit by Ghost tower phenomenon. Prosper continues to ask if supply-side solutions are the […]
For over a decade we have reported on concerns over commercial vacancies in our Speculative Vacancies report. This is the first time we have been interviewed on this aspect of vacancy. Our latest such report found a 9.1% commercial vacancy rate throughout greater Melbourne during a period when yet again the media were gasping about […]
Geoists in History Patrick Edward Dove (1815-1873) by Karl Williams “So long as the aristocracy have all the land, and derive the rent of it, the labourer is only a serf, and a serf he will remain until he has uprooted the rights of private landed property. The land is for the nation, and not […]
Taken from our fortnightly Evolving Economics enews.Subscribe here Victorian Treasurer Tim Pallas has delivered a great set of budget measures which will improve the resilience, fairness and efficiency of Victoria’s tax system. This budget features a number of changes Prosper has advocated for years. Now that the Victoria is facing a stamp duty decimation, savvy […]
Geoists in History David Ricardo (1772-1823) by Karl Williams “The interest of the landlord is always opposed to the interests of every other class in the community.” The father of classical political economy, David Ricardo, was more than a theoretical economist for his economics armed the reformers attacking the agricultural aristocracy’s obscene economic privileges. While […]
Renegade Economists Show 575 As broadcast on the 3CR airwaves 6 – 6.30pm on the last Wednesday of the month. Subscribe to the weekly podcast. Show Notes Part 2 of Karl’s Georgist course – the key essentials to this timeless philosophy. We discuss first principles including birth rights, primary factors of production, justice, liberty and […]
Prosper Australia is currently looking for a Marketing Communications expert. Full details can be found here. Prosper Australia is an independent, not-for-prot organisation campaigning for economic justice. Our agenda includes research and advocacy for reforms such as land value capture for transport infrastructure, rezoning windfall gains taxation, shared equity housing models, recombining natural monopolies, and […]
Here is the livestream of the report launch for Speculative Vacancies 9 – Impeding the Market: The accompanying powerpoint: Speculative Vacancies 9 – Impeding the Market from Prosper Australia Just how much market power should owners of real estate enjoy? Anyone who has ever uttered the words ‘housing supply’ must digest this report.
By Michael Bleby, Snr Report, Australian Financial Review The number of vacant investor-owned properties in Melbourne remains high, with as many as 16.2 per cent homes sitting empty, according to the latest Speculative Vacancies report based on 2017 water usage data. The proportion of investment homes using less than 50 litres per day – equivalent […]
Key recommendations Water data indicates 60,901 residential properties were vacant in 2017 at a rate of 3.9%. Absolute vacancies using zero litres of water revealed 21,326 residential properties at 4.6% of the rental market. Up to 16.2% of investor owned rental properties were potentially vacant. Absolute vacancies had the potential to add 17.3% to housing […]
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