Latest News & Commentary
Hudson: Geopolitical-Financialisation in 2015
Cross-posted from The Saker The Saker: We hear that the Ukraine will have to declare a default, but that it will probably be a "technical" default as opposed to an official one. Some say that the decision of the Rada to allow Iatseniuk to chose whom to pay is already...
ACT tax reforms sound, but feds can help
Prosper member Ron Johnson featured in today's Australian Financial Review: Phillip Coorey ("ACT land tax may please wonks but that's about all", AFR, June 6-7) claims that the ACT government commenced its tax reforms with "no mandate, no public discussion, just an...
Speculative Demand from Real Estate family
The Treasurer who told us to simply change jobs to afford skyrocketing Sydney has revealed his real motivations for ignoring the land bubble. He dropped the bombshell on 3AW with Neil Mitchell: “Yeah, well I come from a family of real estate agents…” The locked out...
Re-zoning insider windfalls
Read about this landmark methodology by Cameron Murray and Paul Fritjers, modelling game theory from thousands of cosy relationships to determine the likelihood of beneficial re-zoning outcomes. Cameron was interviewed on the Renegade Economists last week. Stay tuned...
Greybeard and the Hipsters
It has been so long since the last recession 1990-91 that anyone who experienced it in business or the workforce is an old white guy – they are at best in their late 40’s and the beard sprouts grey. Let me give you some human insights, hipsters. Recession is like...
Payback for marginal seat
The Andrews Government infrastructure jewel - the removal of level crossings - is already creating positives. Local agents say the removals, which will set the rail line below road level, will increase the desirability of properties in the immediate area and have a...
The land tax strumpets
Two organisations share the acronym PCA: the Property Council of Australia and the Prostitutes Collective of Australia*. One makes a useful civic contribution, the other is a bunch of filthy whores who will do anything for money and deserve universal condemnation for...
The great land banking scam exposed
by Cameron Murray Property development can be a dirty business, particularly when it comes to land-banking, which is the speciality of Australia’s largest developers. Land-banking involves the speculative buying of large parcels of land that are currently unsuitable...
Funding for research into economic rents vital
Last night saw the launch of the Prosper Australia Research Institute. A vibrant crowd attended our LSX headquarters to hear the detail behind Prosper's new deductible gift recipient entity. This was an important historical event with a sense of timing. 77 years...
Attention Joe: Not All Taxes Are Equal
Cross Posted from Warwick Smith at The Guardian Joe Hockey recently said “I don’t like higher taxes; I am philosophically opposed to higher taxes … because if you increase taxes you’re just collecting someone else’s money.” As usual, the reality is not as simple as...
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