Latest News & Commentary
Steve Keen on the Renegade Economists today
Tune into www.3cr.org.au from 5- 6pm today or listen via good ole AM radio - 855 AM on the dial as hosts Karl & Rayna interview Steve Keen about his upcoming presentation, "Deeper in Debt" (tomorrow night in the Prosper Offices - book soon as places are filling fast)....
Brumby Delivers Free Lunch
The front cover of today's Herald Sun has a huge photo of Horse Stud owner Steve Spiteri (looking hard done by!) with a caption: 'Thanks Premier: Steve Hits Paydirt'. Yesterday's announcement to rezone all land residential within Melbourne's 2030 boundary has made...
Brumby sprawls on affordability
Prosper Australia today applauded the State Government’s announcement for taking housing affordability more seriously. However, questions must be asked about who benefits most from this announcement. “Today’s declaration of residential zoning has made Victoria’s land...
Land Supply controlled by Land Bankers
Below we can see 2 examples of former Commonwealth land being released 'to the market'. Snapped up by a developer in Melbourne's most impoverished neighbourhood (Braybrook), such large 'land banks' are manipulated to drip feed houses to the markets so that high prices...
Another Day Another Affordability scare
The bluntness of Interest Rates is again in the news: Average Pay Wont Buy a Home. Whilst we hear again that mortgage payments are taking an increasing share of our pre-tax income (now 37.4% to service a median home), the Opposition Treasurer Malcolm Turnbull proposed...
Fred Harrison’s YouTube premier
Make sure you watch this 7 minute expose on the Tax Clawback scam. Some of you may recognise Ross Ashcroft from our Comics of Economics night earlier in the year. Check Earthsharing's YouTube channel to keep in touch with Australia's latest. We have a few goodies...
Meals skipped to pay rent
An article summarising the National Housing Conference in Sydney yesterday called for all the usual policy reforms: cull negative gearing & First Home Owners Grants, reform capital gains tax and rent assistance. 'These are measures that add to demand for housing...
Investors’ Housing Splurge
Tim Colebatch's interesting article today on Investors' Housing Splurge shows how dominant the speculative dollar is over the genuine developer's dollar. Colebatch says "Only one in every 12 dollars lent to investors was used to build something." This must arouse a...
Russia’s great leap forward into a world that few can afford
Can you believe that Moscow now has the world's most expensive real estate? Georgists can challenge themselves to read between the lines: Russia's great leap forward into a world that few can afford The article provides a prompt on how oil rents have been capitalised...
Fred Harrison Interview on Renegade Economists
Leading Georgist author Fred Harrison was interviewed on 3CR's Renegade Economists radio show on Wed Jan 30th. The discussion was so good we had to get it online. Download it here (MP3, 16.54 min, 15.5 MB) Fred systematically explains why the top 10% own 80% of the...
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