Prosper's latest report sounds a cautionary note for policymakers placing market supply at the centre of affordable housing policy. Report author, Dr Tim Helm, Prosper’s Director of Research and Policy, described the report, entitled “Melbourne’s pandemic rental...
New report reveals nine Master Plan Communities costing $5.9 billion in higher housing costs A new report entitled Staged Releases: Peering behind the land supply curtain from Prosper Australia has revealed the profits developers enjoy through the strategic releasing...
Sent 21/6/22 Today’s announcement by Premier Perrottet that first home buyers could opt into a land tax was a baby step in the right direction of a broader land tax base. “NSW landholders benefitted to the tune of $705 billion in just 2020-21, and were only required...
Media release: Windfall Gains Tax Good for Regional Communities. Tomorrow (16 November) the Victorian Parliament will vote on legislation to introduce a Windfall Gains Tax.
Media Release A Housing Affordability nightmare - Australia’s land prices are out of control Today’s national accounts revealed record land price inflation - triple the highest ever previously recorded. The cost of land in Australia has gone up by $1.72 trillion,...
Media Release Win for all Victorians! New legislation will stop landholders walking away with huge windfall profits from rezoning The Victorian Government has announced it will introduce a tax on rezoning windfalls, something Prosper Australia has been encouraging for...
Media Release REZONING WINDFALLS COULD FUND RECORD PUBLIC HOUSING SPEND EACH YEAR A new report on landholder profits following the rezoning of the Fisherman’s Bend precinct showed an average 368% windfall gain per square metre, or $4.43bn. Prosper Australia research...
LAND TAX DRIVES STABILITY Changes to land tax and the introduction of a windfall gains tax will drive stability in the Victorian housing market, according to Victorian economics research group Prosper Australia. Prosper advocacy director Karl Fitzgerald says 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...
Politicians must act to show genuine leadership • Land prices to rise 65% in 5 years • Mortgage and residential rent burden to increase, less for small business • Inequality determined by property ownership Rising land prices are a national economic emergency,...