Latest News & Commentary
Higher GST ignores housing, inequity
Press Release The Abbott government must rebuild State relationships by assisting in the educative process of tax reform. “The outsourcing of deficit pressures by Treasurer Joe Hockey has accelerated the need for state revenue reforms” stated Prosper Australia...
Budgeting for Capital Gains
Press Release “Treasurer Joe Hockey's budget is a boon for those in pursuit of capital gains" stated Prosper Australia spokesman, Karl Fitzgerald. "Whilst claiming we all must contribute to the heavy lifting, the budget ignores the easy unearned incomes in real estate...
Budget for Packer’s mugs
Sign up to our Evolving Economics enews. We sent this out this morn. Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia may 2014 Welcome to our new look Welcome to the new Evolving Economics e-news, combining both...
Federal Budget: Tax Shift to avoid Blame Shift
With the Federal Budget to be handed down in a matter of hours, and with today's housing finance figures revealing more of the same: investors at 39.1% of all loans FHO's nationally plateauing at 12.6%, up 0.1% NSW FHO's at just 8.5% and borrowing on average $320,800,...
Death Duties an untimely distortion to wealth gap debate
With the recent Piketty inspired discussions of inheritance tax, this is a timely piece by Carrie Stoddart-Smith. She curates the neat Ellipsister blog in Christchurch, NZ. Follow her on twitter. I was reading Martyn Bradbury’s post Generation X have been betrayed by...
Victoria spends on Road, Rail. Pity about the Stamps.
There is a better revenue base available to Victoria today: State Land Tax. Just remove its exemptions, thresholds and wheezes and consign Stamp Duty to the scrapheap. That SLT has deadweight losses of nil, so no wasted lives or people trapped in and out of housing.
Necessary Vic State Government housing policy improvements
A budget for the people by the people may well see some of the following policy reforms announced at tomorrow night's State budget: Reiterate Local Council financial independence The Labor Parties naivete in announcing a proposed cap on local council rates must be...
Commission of Auditing Rent Seekers
We were warned of the dangers of the wealthy advising on future budgetary levers. But we thought more of the BCA's Tony Shepherd than this shallow display for vested interests. With great fanfare we are to maintain the Australian way of life with the burden placed...
Lobbyocracy revealed in pursuit of NSW’s windfall gains
The unfolding ICAC investigation in NSW is set to reveal the tight network between property developers and the political process. Neil Chenoweth, lead investigative journalist at the Fin Review has written this extraordinary piece, outlining just how effective counsel...
Our Interrelated Property Cycles – easy ‘windfall’ gains – but, what’s the Consequence?
There’s only one reason we have devastating house price booms and busts – the pre marker to any recession and economic disaster, and that is speculation induced in this case, through the privatisation of unearned gains.
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