by Cameron Murray Property development can be a dirty business, particularly when it comes to land-banking, which is the speciality of Australia’s largest developers. Land-banking involves the speculative buying of large parcels of land that are currently unsuitable for development…
The South Australian government is undertaking a tax review to boost state competitiveness and economic efficiency. Their main focus is considering abolishing conveyencing Stamp Duty and funding this by removing exemptions from the existing State Land Tax. Prosper Australia has…
by Lindsay David If I were an Australian central banker, politician, bank economist, or even a negatively geared property investor, I’d be telling you Australia has a chronic housing shortage, which is responsible for our sky-high housing prices. But as…
New Sydney flats will have to be bigger, the NSW Land and Environment Court ruled last week, overturning long accepted common practice allowing minimum one-bedroom unit sizes at 50m2. Dual-aspect flats must be a minimum 58m2 and more common single-aspect…
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…
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…
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…
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…
We’ve all become slaves to the banks. The ruling elite don’t want you to know this of course. It should actually be the other way around. Banks should work for society. But where’s the free ride in that?
Yesterday, Cameron Kusher of CoreLogic RP Data called for the removal of conveyancing Stamp Duty and its replacement with a universal land tax. His comments come just ahead of the release of the federal government tax reform white paper. He…