Prosper Australia’s latest Speculative Vacancies data update reveals a 16% rise – to 31,890 – in totally empty homes in Melbourne over the past year. This rise in empty dwellings has undermined the benefit from new housing supply coming online. Including a further...
Prosper Australia today welcomed the inclusion of a stamp duty to land tax transition in Infrastructure Victoria’s new strategy but criticised the absence of value capture as a sustainable and equitable funding mechanism. “We applaud Infrastructure Victoria’s...
Australia’s total land value has soared past $10 trillion, according to new ABS data — yet ordinary workers continue to shoulder most of the nation’s tax load. Prosper Australia says the figures highlight the need to rebalance the tax system so that unearned gains...
Prosper Australia welcomes Treasurer Jim Chalmers’ speech to the National Press Club today, highlighting the need for long-term, considered tax reform to build a stronger, more productive economy. “We cannot keep asking workers and businesses to carry the load while...
Prosper Australia has criticised the Federal Government’s newly announced Productivity Roundtable, warning that without land tax reform, productivity gains will continue to inflate land values rather than benefit the broader economy. “Every productivity gain ends up...
Prosper Australia urges the government to embrace real reform that ensures prosperity is shared by all.
Prosper Australia today expressed deep disappointment at the Victorian Government’s continued failure to implement value capture mechanisms in its recent upzoning announcements. By allowing landowners to reap windfall gains without returning a fair share to the community, the government has missed a vital opportunity to fund essential infrastructure and public services.
Prosper Australia today released new research examining Australia’s resource royalties. Australian states could capture an additional $14.5 billion in revenue each year by moving to a more flexible royalty model with variable rates that adjust to market conditions.
Prosper Australia has expressed strong concerns over the Allan Labor Government’s recent announcement of 50 new activity centres across Victoria, citing the absence of any form of Land Value Capture (LVC) mechanism as a missed opportunity to ensure fairness and economic sustainability.
2024 Speculative Vacancies report release shows 5.2% of Melbourne’s homes lie vacant. Prosper Australia’s 11th Speculative Vacancy report, examining water meter data, today revealed startling statistics on the extent of unoccupied housing in Melbourne that illustrate...