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 […]
Renegade Economists Show 574 As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays. Subscribe to the weekly podcast. Show Notes Karl returns for the 1st monthly show, with a focus on Property Rights. Just how much of an advantage are they and how can we re-balance these opportunities? Along the way we visit a […]
Have you ever wondered what oversight is provided to ensure investors place their properties on the market at market rents? Or do some push rents higher so they fail to rent and NG writeoffs are accentuated? Recently the Greens senator Peter Whish-Wilson had the following ‘questions on notice’ answered by the ATO in the Senate […]
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 […]