Homebuyers might be wary of taxing rezoning windfalls, because they worry it will increase the sticker price of housing. The property industry says that taxing rezoning windfalls will increase the cost of housing because the tax will be passed on. They also say that...
The Victorian Treasurer’s recent housing policy announcements delivered an odd sense of hope for affordability wonks. The state finally saw fit to place extra tax burdens on the property sector with an increase in land taxes, stamp duties and importantly, on rezoning...
I was once told by a senior industry practitioner in a post-graduate property lecture: "The best way to make money in this game is to buy a piece of farm land on the urban fringe and lobby to have it rezoned." Totally rational approach given the pot of honey in the...
Until recently, no government had a “cogent plan” to deal with impending combustion of Commonwealth fuel excise revenue. But now Victorian Treasurer Tim Pallas has risen to the challenge both to future proof Victoria’s road charging regime, and make Zero and Low...
Prosper’s submission focuses on the scope of the strategy. We do not believe that a long term strategy for affordable housing can ignore the political economy of private freehold land ownership. Understanding the distinction between owning a home and owning a...
Renegade Economists Show 594 As broadcast on the 3CR airwaves 6 - 6.30pm on the fourth Wednesday of the month. Subscribe to the monthly podcast. Show Notes Karl monologues past his doom scroll and into new evolutions in the treatment of carbon pollution. Is a...
Download our 2020-21 National Water Reform Inquiry 2020-21 submission (submitted March 2021) Prosper Australia thanks Productivity Commission for accepting feedback on its draft National Water Reform Report. As a non-government organisation with a focus on economic...
Prosper Australia is concerned that government incentives in the property market have gone too far, sending our market spiralling without the necessary checks and balances. Next week’s expiry of the eviction moratorium brings the precarious nature of renters into...
Download our 2021 Vic budget submission (submitted February 2021) Executive Summary Prosper welcomes the opportunity to contribute to the 2021-22 Victorian Budget. We are an independent, Melbourne-based research institute with a focus on the management of exclusive...
An interview with Fred Harrison discussing his new book We Are Rent: “We continue to privatise the essence of our humanity.” A new moral framework is required to address this subtle form of subsidy for the wealthiest.