Director of Research Danny Spring, Policy Coordinator Jesse Hermans The Queensland government has backed down on nation-leading land tax reform after backlash from other states and an opposing media campaign waged by big property. The tax reform was modest, impacting...
By Li YiLin Value capture type reforms are underway in Victoria and New South Wales. Both governments aim to increase contributions from people who benefit from public decisions that increase land values, known as value capture,...
The wage share of our collective income is at historical lows while the profits share is on the rise. Why is this? There has been some dispute over what impact wages have on inflation (practically none), and if profits have driven inflation. Yet the picture is clearly...
Cross-posted from The Age's Cara Waters. More regulation of property developers is needed to prevent them deliberately releasing land slowly to drive up prices for aspiring home owners and maximise their own profits, according to independent think tank Prosper...
Op-ed Cross-posted from The Age, Karl Fitzgerald The development industry has told us for many years that if the government would just pick up the pace of planning approvals, the supply they could bring to market would bring house prices down. In submissions to...
Our Staged Releases report release presentation. https://www.youtube.com/watch?v=6d6FUvMhtKw See the full slideshow in your own time:
Cross-posted from The Age, by Cara Waters The state government’s push to reduce the cost of housing by releasing swaths of land on Melbourne’s fringe is being undermined by big developers, which new economic analysis suggests are banking the land then releasing it...
New report reveals nine Master Plan Communities costing $5.9 billion in higher housing costs A new report entitled Staged Releases: Peering behind the land supply curtain from Prosper Australia has revealed the profits developers enjoy through the strategic releasing...
Date: Tuesday July 26th, 6pm Where: Zoom or Level 1, 64 Harcourt St, North Melbourne How do developers feed supply to the market and under what conditions? Karl Fitzgerald will present the findings of a landmark new report - Staged Releases: Peering Behind the Land...
Cross posted from Robert Harley at the AFR Karl Fitzgerald, the advocacy director at Prosper Australia, is a strong believer in the benefits of replacing property stamp duty with a broad-based land tax. But he has a warning for first-home buyers attracted to the...