A budget for the people by the people may well see some of the following policy reforms announced at tomorrow night’s State budget: Reiterate Local Council financial independence The Labor Parties naivete in announcing a proposed cap on local council…
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…
Executive Summary This Speculative Vacancies report has sought to measure the number of residential and commercial properties in Melbourne that are vacant and held out of use. Residential rents surged between 2007 and 2010, imposing financial stress on many tenants.…
Updated April 2016 Location, location is a crucial real estate strategy but ignored in neo-classical economics. This leads to poor economic policy that ignores the natural advantage of owning a prime location over running a business. Investors hover around 50+%…
The Don’t Buy Now! campaign urges the landless not to buy real estate until prices reset, just as they have in the countries we compare ourselves to. Property is grossly over valued measured against earnings or the rental income it…
HOW THE GREAT AUSTRALIAN DREAM BECAME A NIGHTMARE Thursday July 19th, 7pm Northcote Town Hall Presenters: David Collyer, Karl Fitzgerald 189 High Street Northcote Young adults have ugly housing choices: pay rent to a tinpot landlord or spend their working…
Buying a home is a major life-event. Most people need a mortgage to bridge the gap between their savings and house prices. But the Victorian government imposes Stamp Duty at this critical point, increasing the capital needed and lengthening mortgage repayments by an average seven years. Many citizens are either excluded or deterred from home ownership by this extra cost, which traps them in the rental market. We are all diminished.
There is a better way. Remove this burden and fund the change by ending the principal residence exemption from State Land Tax an efficient and just way to fund government.