The Great Australian Land Bubble burst at 10.30pm AEST on Monday 11 April 2011, according to Prosper Australia campaign manager David Collyer. “The era of towering prices - of superhuman personal sacrifice by every young couple to fund a mortgage to buy a simple home...
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Stale Stock Stacking Up
The number of homes offered and unsold for more than two months – known as stale sales – has ballooned across Melbourne, according to an analysis by Prosper Australia of figures released by SQM Research. “Don’t touch them! Maintain the Buyers Strike!” Prosper...
Trolls swarm ‘Buyers Strike’
“I warn FHB’s, the agenda of the trolls is to blow one more puff into The Great Australian Land Bubble so they can sell out before the inevitable crash.”
Buyers Strike finds heavyweight backing
The first home Buyers Strike announced by tax reform group Prosper Australia last week is being supported by debt-skeptic Steve Keen. “This is an excellent idea which I endorse,” Keen said on his website (1) yesterday. “It would be a foolish personal decision to take...
Buyers Strike “Irresponsible”
“Two secure jobs and a good deposit are no longer enough to buy a home. First home buyers must make a life-long vow of poverty as well. It is irresponsible to expect such a sacrifice,” Collyer said. “Do not underestimate their anger and frustration at being denied land ownership and its civic benefits.”
Land Prices Outstrip Wages 2 – 1
Since 1996, residential land prices have raced from 110 per cent of GDP to nearly 220 per cent of GDP. Meanwhile, wages have declined modestly against GDP. “First Home Buyers’ incomes have simply not kept up with the strong rise in land prices. Here is the proof,”...
Buyers Strike Day 3
“Thousands of would-be homebuyers have committed themselves to Prosper’s Buyers Strike and are now standing out of the market,” Prosper Australia campaigner David Collyer said today. “Our call for a buyers strike has gone viral over the internet – spread far and wide...
Prosper calls for Buyers Strike
Sign the GetUp petition Join the Facebook group Tax reform group Prosper Australia today called on first home buyers to delay buying real estate ahead of the flip into a falling market, which it described as ‘imminent’. RP Data reports there are over 900 Melbourne...
Has our Prime Minister been replaced to suit the overseas shareholders of BHP and Rio?
“Gillard must come out strongly and call the lobbyists for who they are. She must assert control over the RSPT rather than negotiate with each and every individual company.
Henry Review puts Land Tax on the Agenda
photo credit: anarchosyn The Henry Tax Review’s highlighting of Land Tax as a policy direction is a welcome and encouraging development, says Prosper Australia. “This is THE tool to liberate the people of Australia from their current financial difficulties,” Prosper...