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Media Releases

Budgeting for Capital Gains

Press Release “Treasurer Joe Hockey's budget is a boon for those in pursuit of capital gains" stated Prosper Australia spokesman, Karl Fitzgerald. "Whilst claiming we all must contribute to the heavy lifting, the budget ignores the easy unearned incomes in real estate...

Harnessing Monopoly to Finance Government

The Total Resource Rents of Australia report finds the complete removal of income, company and sales tax is possible by replacement with a tax on monopolies such as water trading, cyber squatting, taxi licenses and land. “Economists have for hundreds of years pointed...

Property industry supports land tax

22 October 2013 MELBOURNE:- Overnight, Australia’s property industry has endorsed removing Stamp Duty on property transactions, the AFR reports - a major tax policy shift welcomed by Prosper Australia. “Scrap Stamp Duty and fund this by also removing the principal...

Carrots for Baby Boomers

22 October 2013 MELBOURNE:- Overnight, Australia’s property industry has endorsed removing Stamp Duty on property transactions, the AFR reports - a major tax policy shift welcomed by Prosper Australia. “Scrap Stamp Duty and fund this by also removing the principal...

Listed Developer Englobo Holdings

16 May 2013 MELBOURNE:- The federal budget initiative to omit conveyancing Stamp Duty for retirees down-sizing to a smaller home acknowledges just how destructive and behavior-distorting this vile tax is, says Prosper Australia. “This is a disgusting, economically...

House Market Needs Sale +3 Data

  7 March 2013 Prosper Australia today issues its update of ‘Englobo’ holdings of listed property developers (attached), as revealed in their audited half year accounts recently released to the Australian Stock Exchange. Based on last year’s sales - the current...

Melbourne Rents Falling

30 January  2013   Prosper repeats its call for timely, national data on property sales to be collected by the Australian Bureau of Statistics. “Buying and selling houses in Australia suffers from ‘information asymmetry’ – some participants know a lot more than...

Time To Get Real

15 January 2013 MELBOURNE – The REIV yesterday forecast stable or declining nominal rents if current trends continue. This means rents are falling in real (after inflation) terms. “Shrinking residential rents are a profound set-back for negatively geared property...

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