Latest News & Commentary
Gladys can’t handle the heat – NSW fire reforms go up in flames
The NSW government is reneging on the small, high quality reform of funding emergency services with a land charge instead of the very bad levy on fire insurance. Blue-rinse dragons of Mosman saw red - they will be paying $500 a year on median land values of $1.84...
Aim for Prosperity
President Catherine Cashmore on The Shtick, explaining Prosper's tax reform agenda.
Mozambique model creates jobs and food… can this work in South Africa?
by Peter Meakin South African Constitutional Property Rights Foundation Will Minister Gigaba encourage the trafficking of South Africa's unemployed to Mozambique? Realistically, the best chance for South Africa’s 8.5 million jobless is a single bus ticket to Maputo....
Pitfalls loom for vacancy taxes
Governments make token moves in the right direction The Federal government announcement of a vacancy tax on foreign investors could be construed as pure populism. Foreign investors constitute some 11% of all residential property purchases. Barely 3% of those...
Reading tea-leaves won’t help – look at the tax bases
Cameron Kushner of CoreLogic has offered an interesting analysis of property tax bases in Taxation Revenue From Property Continues to Climb. Tax bases reveal more about a country’s future prospects than Treasury forecasts and economist sooth-saying. Where and how it...
The young can’t count; the young don’t matter
Last night’s federal budget included a fat gift to downsizing homeowners over 65 who can now put up to $300,000 from their house sale into superannuation, allowing many to keep their (part) pension and, most importantly, unlimited free healthcare. This stunning...
Victoria gets annual land valuations
The Andrews government has announced State Land Tax will be calculated annually rather than every two years, a painless inexpensive reform Prosper urges all states to adopt. The Valuer-General’s assessment is used to calculate council rates and land tax. Valuers today...
Victorian Budget Submission
Preamble Prosper Australia welcomes the opportunity to contribute to the 2017- 2018 Victorian budget as a leading non-government economic research organisation highlighting the political-economy of land, natural resource and monopoly rents. This submission focusses on...
But… But Rents only go up! Don’t they?
Lindsay David and Philip Soos at LF Economics demonstrate real rents are falling across the country, except in Hobart. This is only possible with falling wages, weak demand and excess housing supply. Little landlords have no compunction about evicting bolshie tenants...
Missing the point on corruption
by Dr Cameron Murray reposted from macrobusiness On Friday 28th April I am appearing and Queensland’s Crime and Corruption Commission’s Operation Belcarra as an expert witness on relationships between councillors and property developers, and how that leads to...
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