Latest News & Commentary
The Senate Housing Affordability Inquiry: Prosper’s submission
Australia has blown a land bubble of immense size. This troubling reality has finally come to the attention of the Senate and obliged it to examine the matter. Prosper Australia's submission to the Senate Housing Affordability inquiry examines nine key economic...
ABC Radio, Apartment Gluts and Competitive Forces
This morning I was interviewed by ABC (radio) news regarding Planning Minister Matthew Guy's 'Super Tuesday'. The questions focused on "the largest number of private residential permits made on one day by the state government". Will they make a difference? I pointed...
Property Drip Feeding Slips Under the ACCC’s Radar
"We support ACCC’s drive to contest price gouging but express concern the ACCC focus on online sales is a mere detail compared to what is happening under our feet in the land game." Prosper Australia Project Director Karl Fitzgerald said today "The global property...
AHURI is ‘Home Alone’
In an extraordinary outburst, the Australian Housing and Urban Research Institute has today embraced planning constraints on urban subdivision, elevating ‘developer certainty’ over the risk – heaven forbid! – of oversupply. I kid you not. “While it is almost...
FIRE sector eats into productivity
A must read for those interested in Prof Michael Hudson's commentary on the growing influence of the FIRE sector in rent seeking activities, cross posted from Macrobusiness. By Leith van Onselen Business Spectator’s Rob Burgess made the following keen observation over...
Perma-Nomics @ the SLF
As we build up for another year of inspiring conversation at the Earthsharing stall at the Sustainable Living Festival (Feb 14 - 16), put this presentation in your calender: PERMA-NOMICS CAN THE 12 PRINCIPLES OF PERMACULTURE BE PARAPHRASED INTO A NEW ECONOMICS? Friday...
Winston Churchill – land reformer
(1874 – 1965) This is one of our 50 famous biographies we are uploading by former Progress editor Karl Williams. See more “The socially-produced value of the land is reaped by the speculator in exact proportion, not to the service, but to the disservice, done. The...
Australian Valuation Office shut to help or hinder bubbles?
Today is a testing day for economic democracy with the announcement the Australian Valuation Office will be closed. The office has for 104 years valued our land - and was the cornerstone of the first federal tax office - the Federal Land Tax Office. We show concern at...
Englobo IV: Land, Land, everywhere but not a place to sit
Victorian Planning Minister Matthew Guy has been out this week energetically pointing to fresh ‘land releases’ around Melbourne. Growth, or the illusion of growth, is a powerful sedative that buys contentment and political support. He will bang this drum hard. Plan...
Eslake in Senate submission on Housing Policy Failure
Saul Eslake has hit the press (p3 of the AFR - paywalled) with his submission to the Senate Committee on Housing Affordability. The submission is largely based on his 122nd Annual Henry George Commemorative dinner presentation. Saul again reiterates his key point from...
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