We are thrilled that the Victorian Parliament has passed a new Rezoning Windfall Gains Tax, as it's a policy we have supported for many years. As part of our efforts to support this tax, we wrote a Briefing Note to decision makers about its potential community gains....
The media is again full of chatter about the housing affordability crisis in Australia. Property markets have gone on a tear as mortgage rates bottom at levels close to matching inflation. Governments are subsidising a building boom to save the economy from COVID, and the resulting collapse in immigration.
In July 2021, Prosper was privileged to host a zoom webinar by Joe Langley, a global expert on value capture mechanisms for transport. Joe's talk was based on an article he wrote on the ongoing developer contribution reform effort in NSW. The full article is...
This event was held on Wednesday, September 1, 2021, over Zoom. We all want to know “what’s next?” after the pandemic. The right to a roof over our head (and some land upon which to stand) has been especially highlighted by this global crisis. Who better to make sense...
The year of 2020 was a shocking year for many reasons, from the bushfires to a global pandemic. But there were some positives too, especially for land tax reform. Here are some of the developments that should give us some cautious optimism for the years ahead. NSW’s...
First published on MacroBusiness, read our summary and report. The Thodey Review’s draft report is right to place land tax at the centre of its vision for state tax reform. Replacing stamp duty with what the Review called “the states’ best tax lever” has the...
When the economy slams shut, the market exposes those who don’t have to work for a living. Whilst the media focuses on those thrown into 4.30am Centrelink queues, at the other extreme are those who benefit come rain, hail or shine. Such privilege is reserved for...
Victorian Treasurer Tim Pallas has pre-announced Land Tax changes ahead of Monday night’s state budget. Expect a dramatic budget contraction as Victoria’s key ‘own revenue’ source, Stamp Duty, has shrunk with the fall in both property transaction volumes and prices....
The 2019 Federal Election is only a few days away… But how can you maximise your vote to shift the tax system away from unproductive rent seeking? Which parties have the best policies to deter land speculation, and reduce wealth inequality from inflated land prices?...
For our collective angst over Australia's economic decline, wage growth is an indicator most dreadful. Look into the eyes of stagnating wages growth and see property markets crash, governments crumble, and hi-viz-vested citizens burning bankers in the streets. What...