Press Releases

$1 Trillion Strangled by Taxes

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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 the Land Values Research Group (LVRG) has […]

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Tax System Encourages Asset Bubbles

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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 Kavanagh, Director of the Land Values Research Group (LVRG) […]

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Speculation the Real Threat to Housing Affordability

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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 blow-torch on young people’s hopes. The halving of Capital Gains Tax in 1999 added fuel to […]

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Market Forces Can Help Unions

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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 assist workers. “With commercial rents pushing upwards, every rental increase means there […]

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Victorians Risk Losing Homes

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Dear Editor, So now we discover the effects of reducing state land tax and councils moving away from site rental value for rates to capital improved value (“Victorians Risk Losing Homes”, Herald Sun, July 17). Deriving public finances from the productive activities of individuals and business has always been an act that creates a disincentive […]

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Land Hoarders Hurt Land Supply

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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 rates by local governments (Victoria) have been the […]

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ALP = Australian Landlord Party?

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So the State government is now facing a shortfall of $600 million dollars for schools in needy areas following the decision not to sell the Snowy Hydro (The Age, June 3, “Howard’s Snowy Meltdown”). But from where is the State government going to get the money from? One obvious avenue is to renege on the […]

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Land Tax Changes Shameful

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Herald Sun Dear Ms. Freegard, I read with interest your report on May 26 (“Push to ease land tax pain”) in the Herald Sun. As of course you would be aware, there is always two sides to every story, and the Property Council of Australia is an organisation which benefits from higher land prices. As […]

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https://prosper.org.au/category/press-releases/page/9/