Our Policy

Speculative Vacancies 8 Report

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Executive Summary Prosper Australia’s Speculative Vacancies Report demonstrates how Government housing, tax and supply policies have allowed widespread residential and commercial vacancies in Melbourne. Melbourne’s three main metropolitan water retailers, City West Water (CWW), South East Water (SEW), and Yarra Valley Water (YVW) made their data available for this report. Speculative Vacancies (SVs) are assessed […]

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Select Committee on Value Capture: Public Education campaign vital

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Following our Parliamentary submission, Prosper Australia was asked to appear at the Select Committee into the Scrutiny of Government Budget Measures – 05/11/2015. The transcript is now available. Transcript via Hansard CASHMORE, Miss Catherine, President, Prosper Australia FITZGERALD, Mr Karl, Project Director, Prosper Australia CHAIR: I now welcome the representatives from Prosper Australia. Information on […]

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Value Capture Variants

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Last Thursday Catherine Cashmore and I addressed the Select Committee into the Scrutiny of Government Budget Measures. Read the Hansard transcription. We felt it important to put on the public record the various value capture mechanisms with commentary on their potential utility. Following is the inquiry submission. Select Committee into the Scrutiny of Government Budget […]

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Attention Joe: Not All Taxes Are Equal

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Cross Posted from Warwick Smith at The Guardian  Joe Hockey recently said “I don’t like higher taxes; I am philosophically opposed to higher taxes … because if you increase taxes you’re just collecting someone else’s money.” As usual, the reality is not as simple as Hockey makes out. Not all taxes are made equal. The […]

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OECD’s Housing Concerns

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Yesterday’s OECD Economic Survey of Australia pinpointed key areas of risk.   As Philip Soos and Paul Egan showed today in their 21 chart pack, Australia’s land bubble and accommodating credit cycle opens the economy to incredible risk. But the Abbott government has yet to even add housing affordability to their todo list. The OECD’s no1 […]

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Open Letter to Matthew Guy, Please Explain Why Housing is for Hocking

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Dear Matthew, this week we released our 7th Speculative Vacancies report – Empty Investment Homes Ignored, finding 46,836 empty homes in Melbourne. Read the press release. Despite your valiant efforts in bending over backwards to provide extensive land re-zoning both in the outlier suburbs and here in the CBD, a fundamental economic problem is undermining your […]

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Prosper says easy credit, soft taxes fuel house bubble

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Our Senate submission quoted extensively in the AFR today by NICK LENAGHAN Australia is facing a “land bubble” driven by cheap debt and a tax system that encourages property speculation, lobby group Prosper Australia has warned a Senate inquiry into ­housing affordability. The NGO group, which focuses on economic justice, called on the inquiry to […]

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Necessary Vic State Government housing policy improvements

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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 rates must be denounced. The State Govt should encourage such financial independence (especially in light […]

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The Senate Housing Affordability Inquiry: Prosper’s submission

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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 measures of housing affordability and finds all at or near historic highs.  Rather than housing […]

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Land Value Taxation: Solving the Efficient Tax Problem

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photo credit: spike55151 Dr Terence Dwyer  – B.A. (Hons) B.Ec. (Hons) (Syd.) M.A. Ph.D. (Harvard), Dip. Law (Syd.), FTIA, Visiting Fellow, Crawford School of Economics and Management, Australian National University. Dr Dwyer’s Submission to the Henry Tax Review Executive Summary The Treasury tax paper acknowledges the three factors of production but needs to follow through […]

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