Latest News & Commentary
Carnegie’s endowment
Prominent Australian investor Mark Carnegie has called for tax reform to end the policy and financial straight jacket we find ourselves in – pointing to land tax, a resources tax and a lift in the GST to 15 per cent. He labelled the Abbott Government’s upcoming White...
Land Takes All the Gains
Phil Anderson, author of The Secret Life of Real Estate & Banking, delivered a captivating presentation at Tuesday's packed Boom or Bust - Where are we in the Cycle? event. About half of the recording was included in this week's Renegade Economists podcast. Topics...
Land tax is simple and equitable
by Alex Sachez Australians love their property. Whether it be their own place of residence or whether it be their nest egg investment place, Australians love to buy and accumulate property. You don't have to look too far to see how the property obsession leaches into...
Prosper is Moving!
Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia MARCH 2015 Fre Sonneveld We are moving! Prosper is excited to inform our Evolving Economics readers that we are moving to the Lennox Street Exchange (LSX),...
Oh look! A baby swan!
Australia desperately needs an alibi – a Black Swan event – to nominate as the tipping point that ended the land bubble. Government is rigid with fear about the political consequences of being blamed for the turn. Whoever presides over the shift will earn a page in...
Luke Foley offers the bubble party fresh drinks
In the second leaders debate of the NSW election campaign televised tonight, ALP opposition leader Luke Foley proposed buyers be allowed to defer Stamp Duty, allegedly to 'help improve housing affordability'. This idea must be condemned. Either Mr Foley is taking NSW...
Selective US deflation
Westwood Capital, a US finance firm, have a slide set out trying to pretend all is well with the US property market. I can’t recommend their thesis of US housing shortages and rent hikes, but perma-bulls might enjoy being stroked. Dross. Except slide 12 which breaks...
MIA: Intergenerational Agenda
Cross posted from the Rational Radical, Matt Ellis There is no agenda for Australian youth MATT ELLIS Intergenerational theft There has been much talk in the last few weeks and months about intergenerational fairness, in part because of the release...
Unstable land needs firm foundations
Prosper usually looks at macro economics yet a micro example of what can go wrong in the property market - very, very wrong – might aid your concentration. Andrew, a Sydney ‘investor’ bought properties in Mackay and Blackwater Queensland, “when rents were crazy and...
The great grey gouge of the West
By Leith van Onselen There’s an inter-generational war going on in the UK, which is also being played-out across most developed nations, whereby older generations are ‘making out like bandits’ at the expense of their children and grandchildren. Here’s the Financial...
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