Campaigns

Impeding the Market

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Here is the livestream of the report launch for Speculative Vacancies 9 – Impeding the Market: The accompanying powerpoint: Speculative Vacancies 9 – Impeding the Market from Prosper Australia Just how much market power should owners of real estate enjoy? Anyone who has ever uttered the words ‘housing supply’ must digest this report.

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Vacancies to rise in falling market

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By Michael Bleby, Snr Report, Australian Financial Review The number of vacant investor-owned properties in Melbourne remains high, with as many as 16.2 per cent homes sitting empty, according to the latest Speculative Vacancies report based on 2017 water usage data. The proportion of investment homes using less than 50 litres per day – equivalent […]

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Speculative Vacancies 9 – Impeding the market

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Key recommendations Water data indicates 60,901 residential properties were vacant in 2017 at a rate of 3.9%. Absolute vacancies using zero litres of water revealed 21,326 residential properties at 4.6% of the rental market. Up to 16.2% of investor owned rental properties were potentially vacant. Absolute vacancies had the potential to add 17.3% to housing […]

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Transcript – Inquiry into the Long-Term Lease of the Land Titles Registry

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5 July 2018 TRANSCRIPT: STANDING COMMITTEE ON THE ENVIRONMENT AND PLANNING Inquiry into the proposed long-term lease of land titles and registry functions of Land Use Victoria Members Mr David Davis — Chair Dr Samantha Ratnam Witnesses Mr Karl Fitzgerald (affirmed), Project Director, and Mr Jesse Hermans (affirmed) Administrative Assistant and Researcher, Prosper Australia. The […]

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Value Capture Verve

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Prosper’s recent value capture submission answered pressing questions, an indication of how deeply the Department of Infrastructure is considering this vital funding mechanism. Read the department’s Value Capture discussion paper for an insight into their understanding. Value Capture submission Infrastructure Investment Division Department of Infrastructure and Regional Development February 2017 About Prosper Prosper Australia is […]

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Reform Negative Gearing Now!

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Are you locked out of the housing market? Do you want to see an end to market distorting subsidies to property investors? Sign the petition! This petition calls for the Federal Government to reform negative gearing NOW! Negative Gearing must be limited to new housing only and in time should be removed entirely. It is time […]

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Almost 20pc of Melbourne’s investor-owned homes empty

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Published by the Australian Financial Review by Michael Bleby The number of empty houses and apartments in Melbourne is much higher than traditional estimates, with as many as one-fifth of all investor-owned properties lying empty, according to a study of water usage by think tank Prosper Australia. Victoria leads the country in terms of new housing approvals and planning authorities gave the […]

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Value Capture for Victoria

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  Debate over the new Melbourne Metro Tunnel and the funding needed is expected to heat up now that PM Abbott has said the $1.5 for the E-W Link is ‘locked in a box’. An interesting article in The Age highlighted the need for value capture: One idea floated this week, including by one of […]

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OECD’s Housing Concerns

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Yesterday’s OECD Economic Survey of Australia pinpointed key areas of risk.   As Philip Soos and Paul Egan showed today in their 21 chart pack, Australia’s land bubble and accommodating credit cycle opens the economy to incredible risk. But the Abbott government has yet to even add housing affordability to their todo list. The OECD’s no1 […]

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Value Capture trumps Tolls

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Yesterday’s press release was quoted in The Age article Pay Up: Grand Plan to get big projects built. After quoting the soft option of tolling drivers, which has failed spectacularly as a financing mechanism in NSW and QLD, the article moves on to quote the RACV’s Bryan Negus: RACV public policy head Brian Negus said […]

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https://prosper.org.au/category/campaigns/