Latest News & Commentary
Friendly Jordies on Housing Woes
Cross-posted from Friendly Jordies The Facts blog, which provides the policy speak alternative to his cunning video take on Australia's affordability woes: https://www.youtube.com/watch?v=UjPpAjQzWsM As reported by Greg Jericho for The Guardian, Australian property...
Property Market Imperfections
Our submission to the Minister for Consumer Affair's Property Market Review. Property Market Review Prosper Australia has concerns surrounding both the privatisation of real estate data, the inaccuracy of statistics and the practice of staging lot releases in large,...
Falinski’s Free Pass to the Property Industry
Cross-posted from The New Daily: It’s not surprising that a Senate report on housing affordability chaired by a former property developer gives a free pass to the property industry. Liberal MP and committee chair Jason Falinski’s view that developers should be given...
Submission to the 2022 Victorian Budget
Download our 2022 Vic budget submission (submitted March 2022) Executive Summary Prosper welcomes the opportunity to contribute to the 2022-23 Victorian Budget. We are an independent, Melbourne-based research institute with a focus on the management of exclusive and...
Why Land Taxes Can’t be Passed On
'Taxes' on Land are Rents: Therefore they Can't be Passed On Rates and land ‘tax’ are notionally already in the gross rent paid by a tenant, and cannot be ‘passed on’. If, as claimed by vested interests, the land value tax can be passed on, why do not these...
Is government responsible for 38% of the cost of housing?
Cross-posted from the Fith Estate. The confrontation over Victoria’s Social and Affordable Housing Levy may have been short lived when the proposed levy was quickly dropped after conniptions by the property lobby, but the shibboleth that property taxes represent a...
Buyers between a home and a hard place
(as published in the AFR, 4th February 2022) [$] During his National Press Club talk this week, Prime Minister Scott Morrison has acknowledged that it is “even harder” to buy a home than when he did so. Indeed, an examination of the ratio between house price increases...
Added and “unadded” value in the Australian economy
Australia’s economy is dominated by sectors which derive significant revenue from “economic rents” – or unearned income.
National Prosperity A ‘Fairy-Floss’ Economy?
National prosperity is an economic mirage (As published in the AFR, 25 January 2022) Exorbitant land prices act like termites upon an economy, bringing social and economic division, decline, and eventually, collapse. Any perception the Morrison government has boosted...
Rent is Like an Entry Price to Life on Earth
What a saying! Like an entry price to life on earth. I picked that up from a Scottish 80's zine by Steve Wall. I hope it resonates with you. Here is the editorial to Progress Magazine #1131, featuring key articles from leading thinkers such as Fred Harrison, Emily...
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