Speculators rub their hands with glee at prospect of further tax write offs "Today's interest rate increases have rewarded the wrong people. Speculators will today be able to increase the amount of tax they can write off" said Prosper Australia spokesman Karl...
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Housing Affordability Hampered by a Tax Regime That Supports Speculators Over Citizens
Visiting housing affordability expert Frank de Jong said 'the Census shows 830,376 vacant dwellings in the country. This demonstrates that it is the private supply of land withheld by speculators, rather than the need for more urban sprawl, that is hurting the housing...
Leader Of The Green Party Of Ontario, Canada launches Local Campaign Against Vacant Land
Strong Link between Vacant Land and Housing Affordability Crisis Leader of the Green Party of Ontario, Canada, Frank de Jong today launched Earthsharing Australia's ‘I Want To Live Here' campaign. The campaign targets the under use of existing vacant land and will...
Unending Sprawl Leads to Crime
Housing Affordability- How will the crisis end? Alan Moran from the Institute of Public Affairs (IPA) touted earlier this year on ABC’s Difference of Opinion that Australia should subdivide more on the urban fringe to free up land and bring prices down, but according...
$1 Trillion Strangled by Taxes
New report points to major recession A study of 34 years of the Australian property market has resulted in a 28 page report, Unlocking the Riches of Oz: A Case study of the Social and Economic Costs of Real Estate Bubbles (1972 to 2006). Bryan Kavanagh, Director of...
Tax System Encourages Asset Bubbles
Property bubbles creating unaffordable housing and recession A study of 34 years of the Australian property market has resulted in a 28 page report, Unlocking the Riches of Oz: A Case study of the Social and Economic Costs of Real Estate bubbles (1972 to 2006). Bryan...
Speculation the Real Threat to Housing Affordability
Higher interest rates are the surface issue “The Great Australian Dream is being threatened by speculative forces rather than interest rates” said Prosper Australia spokesman Karl Fitzgerald today. The Howard Government’s expansion of negative gearing in 1996 put the...
Market Forces Can Help Unions
Yesterdays' IR rally saw a call to action for workers to maintain the rage. However many AWA’s Beazley threatens to tear up, fundamental economic laws still need to be addressed. Prosper Australia today called on Government to curb land speculation to more effectively...
Land Hoarders Hurt Land Supply
Land Hoarding the Real Threat to Housing Affordability It is govt fiscal policy at all levels rather than land supply issues that are leading to the housing crisis. “The reductions in Land Tax at a State level and moves away from Site Rental to Capital Improved Value...
Land Tax Changes Shameful
Land Tax Changes "Shameful" Proposed cuts to Victoria's land taxes will be vigorously opposed by an economics lobby group who plan to target both the government and opposition in marginal seats on the issue. Spokesperson for Prosper Australia, Mr. Lev Lafayette, said...