Land prices are falling across Australia. Yet the politico-housing complex strains at every sinew to hide this from first home buyers and jolly them into making a life-long commitment at the very worst time in eighty years. Problem is,…
by Bryan Kavanagh AAPI Today’s Victorian API news demonstrates the Australian Property Institute is at risk of losing its way: “Property taxes shoulder Vic budget The Victorian government is becoming addicted to property taxes, which will raise over $6 billion in forward…
28 April 2013 MELBOURNE: – Victoria’s new Treasurer Michael O’Brien taunts first home buyers with a cruel hoax today, announcing grants for new build and targeted stamp duty concessions. He confirmed their role as a patsy for every property-based parasite…
Last week I offered a solution to the blight caused by vacant or disused sites in central Melbourne. Everyone is diminished by landowners leaving valuable land unused while they agitate for rezoning profits. The Age’s Bruce Guthrie hopped into…
As published in the Economic Society of Victoria’s Ceteris Paribus. “You have to ask, if those being duped are too naive to complain, and those profiteering are too valuable to upset, is housing affordability a problem for our politicians, or…
The Melbourne City Council has been urged to apply differential rates “to sites defined as vacant or derelict” by its Future of Melbourne committee. They name to shame the Savoy Tavern on Spencer Street, the Argus building on Latrobe…
We are proud to announce our new office is up and running. We have moved to 2/22 Punch Lane, Melbourne, located at the Spring St end of Little Bourke St. The Shark Fin Inn is on the corner of Punch…
Victoria’s new Treasurer Michael O’Brien has called for a discussion on ending Stamp Duty on property conveyances. Prosper welcomes this opportunity to consider the quality of Victoria’s tax bases and the costs they impose on citizens. Stamp Duty is…
Governments in China, Hong Kong and Singapore are acting to curb property speculation. Zero Hedge comments: The reason for this “hot money” phenomenon is the easy money policy adopted by all the world’s central banks (except for the PBOC of…
by Philip Soos For those interested in the Australian residential property market, below are a collection of figures illustrating long-term trends. Housing prices and land values are compared to a basket of fundamental metrics. Australians are fortunate because much data…