Latest News & Commentary
Humans vs Houses: Australia’s perverse tax system
by Cameron Murray Reposted from macrobusiness I often joke that my investment property earns more than I do. Thinking more about this lead me to the realisation that my investment property has a privileged position in the tax system when compared to a measly old human...
Housing supply fails – Speculative Vacancies instead
A collection of the week's radio interviews regarding our 8th report into Speculative Vacancies: With Catherine Cashmore on our favourite weekly show, the Renegade Economists: Vacancies Up, House Prices Up by Renegade Economists on Mixcloud Tony Biggs interviews Karl...
Currency Cold War Breakout
In other news, our colleague Michael Hudson (who will appear on next week's Renegade Economists radio show) provides his unique insight into geo-politics. Cross-posted from his site: On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The...
Beware of Greeks bearing gifts
The economic impact of stamp duty, a study by Deloitte Access Economics for the Property Council of Australia released yesterday, finds Australia’s GDP would increase by $3.3 billion and real consumption by $9.7 billion if conveyancing stamp duty was replaced by an...
Vacant homes up 28% despite housing crisis
Media Release: Speculative Vacancies Defy Housing Affordability Pressures - Again 82,724 properties lie vacant and unoccupied across Greater Melbourne, according to Prosper Australia’s 2015 Speculative Vacancies Report released today. Key findings: • 4.8% of...
Almost 20pc of Melbourne’s investor-owned homes empty
Published by the Australian Financial Review by Michael Bleby The number of empty houses and apartments in Melbourne is much higher than traditional estimates, with as many as one-fifth of all investor-owned properties lying empty, according to a study of water usage...
Speculative Vacancies 8 Report
Executive Summary Prosper Australia’s Speculative Vacancies Report demonstrates how Government housing, tax and supply policies have allowed widespread residential and commercial vacancies in Melbourne. Melbourne’s three main metropolitan water retailers, City West...
Congratulate Your MP!
Join our Evolving Economics Enews list to keep in touch with the growing tax reform movement. Sign Up now. Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia December 2015 Speculative Vacancies 8 - The Empty...
A GST hike will hurt everyone. Everyone.
The AFR’s economics editor Alan Mitchell has taken a Treasury briefing. He is out this morning offering all sorts of reasons why a broader, higher GST is a brilliant master-stroke that deserves universal applause. He knows, we all know, a Goods and Services Tax is...
Learning history’s failed economics?
“The relevance of Moses’ economics to our own tax-burdened days is startling” proclaimed The Viking Press’ blurb for Francis Neilson’s book “The Eleventh Commandment” on its release in 1933. However, during those early days of the Great Depression, policy makers made...
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