Latest News & Commentary
With Great Reward, Comes Great Responsibility
LAND TAX DRIVES STABILITY Changes to land tax and the introduction of a windfall gains tax will drive stability in the Victorian housing market, according to Victorian economics research group Prosper Australia. Prosper advocacy director Karl Fitzgerald says the...
Rezoning windfalls tax for Victoria!
I was once told by a senior industry practitioner in a post-graduate property lecture: "The best way to make money in this game is to buy a piece of farm land on the urban fringe and lobby to have it rezoned." Totally rational approach given the pot of honey in the...
States drive sustainable tax reform
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 and Low...
Submission to Victoria’s Ten Year Affordable Housing Strategy 2021
Prosper’s submission focuses on the scope of the strategy. We do not believe that a long term strategy for affordable housing can ignore the political economy of private freehold land ownership. Understanding the distinction between owning a home and owning a...
Land price and the greening economy
Renegade Economists Show 594 As broadcast on the 3CR airwaves 6 - 6.30pm on the fourth Wednesday of the month. Subscribe to the monthly podcast. Show Notes Karl monologues past his doom scroll and into new evolutions in the treatment of carbon pollution. Is a...
Progress 1130: Coherence
Progress Magazine Editorial Celebrating our 1130th edition! Dear readers, I want you to look at the back page graph to remember why this is such an important story. It quickly paints a picture that Australian land prices are out of control. The 1999 halving of the...
Runaway Land Prices a National Economic Emergency
Politicians must act to show genuine leadership • Land prices to rise 65% in 5 years • Mortgage and residential rent burden to increase, less for small business • Inequality determined by property ownership Rising land prices are a national economic emergency,...
National Water Reform Submission 2021
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...
Eviction moratorium ends as vacancy holiday continues
Prosper Australia is concerned that government incentives in the property market have gone too far, sending our market spiralling without the necessary checks and balances. Next week’s expiry of the eviction moratorium brings the precarious nature of renters into...
Submission to the 2021 Victorian Budget
Download our 2021 Vic budget submission (submitted February 2021) Executive Summary Prosper welcomes the opportunity to contribute to the 2021-22 Victorian Budget. We are an independent, Melbourne-based research institute with a focus on the management of exclusive...
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