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Brumby Delivers Free Lunch

The front cover of today’s Herald Sun has a huge photo of Horse Stud owner Steve Spiteri (looking hard done by!) with a caption: ‘Thanks Premier: Steve Hits Paydirt’. Yesterday’s announcement to rezone all land residential within...

Brumby sprawls on affordability

Prosper Australia today applauded the State Government’s announcement for taking housing affordability more seriously. However, questions must be asked about who benefits most from this announcement. “Today’s declaration of residential zoning has made Victoria’s land...

Land Supply controlled by Land Bankers

Below we can see 2 examples of former Commonwealth land being released ‘to the market’. Snapped up by a developer in Melbourne’s most impoverished neighbourhood (Braybrook), such large ‘land banks’ are manipulated to drip feed houses to...

Another Day Another Affordability scare

The bluntness of Interest Rates is again in the news: Average Pay Wont Buy a Home. Whilst we hear again that mortgage payments are taking an increasing share of our pre-tax income (now 37.4% to service a median home), the Opposition Treasurer Malcolm Turnbull proposed...

Fred Harrison’s YouTube premier

Make sure you watch this 7 minute expose on the Tax Clawback scam. Some of you may recognise Ross Ashcroft from our Comics of Economics night earlier in the year. Check Earthsharing’s YouTube channel to keep in touch with Australia’s latest. We have a few...

Meals skipped to pay rent

An article summarising the National Housing Conference in Sydney yesterday called for all the usual policy reforms: cull negative gearing & First Home Owners Grants, reform capital gains tax and rent assistance. ‘These are measures that add to demand for...

Investors’ Housing Splurge

Tim Colebatch’s interesting article today on Investors’ Housing Splurge shows how dominant the speculative dollar is over the genuine developer’s dollar. Colebatch says “Only one in every 12 dollars lent to investors was used to build...