Media Releases
States drive sustainable tax reform
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...
Runaway Land Prices a National Economic Emergency
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,...
Housing vacancies continue to increase as land price booms
Vacant Residential Land Tax is ineffective in curtailing property vacancies in Melbourne. Policy must prioritise housing as a human right, not a profit generating tool. Budget housing policy will drive up land prices, countering the need for fairer post-covid housing...
Vic Budget: Stamp Duty Exemptions Irresponsible
The Andrews’ government has heeded calls to ensure all Victorians have access to housing with today's Victorian budget. Expanding public sector housing on public land is the right move. Exempting new buyers from stamp duty is the wrong move. “The Pallas budget could...
8 Years on, Homebuyers Winning from ACT’s Pioneering Tax Reforms
A new report for Prosper Australia finds the ACT government’s twenty-year tax reform program is achieving more than its three key aims of predictability, efficiency and equity. Read the report The Second Interval: Evaluating the ACT's 20 Year Land Value Taxation...
Investment in affordable housing won’t cause a drop in private market house prices
Politicians must put aside ineffective market boosting policies if they wish to achieve housing affordability and improve social housing infrastructure in Australia. Australia has become dependent on high house prices to sustain new housing construction, which is why...
New Global Empty Homes Network Calls for Worldwide Housing Protections During COVID-19 Crisis
Today, Action on Empty Homes, the Local Initiatives Support Corporation, and Prosper Australia, announce the launch of The Global Empty Homes Network (GEHN). The global consortium of NGO housing organizations and partners are collaborating to understand the...
Media Release: The Economy Made Easy
Real estate cycle expert Bryan Kavanagh says turnover and price declines in Sydney and Melbourne during 2018 indicate an economic recession in the 2019-20 financial year. The 2018 "Kavanagh-Putland Index", released today, shows the total value of Australian real...
National land prices up $594 billion
MEDIA RELEASE Wage growth suffers from record increase in Australian land prices. “The $593.7 billion uplift in land prices announced today is thirty times larger than total banking profits. The average annual gain has been around $180 billion, so to have an increase...
Treasurer Hockey supports ending stamp duty for land tax
PRESS RELEASE 19 May 2015 MELBOURNE:- Federal Treasurer Joe Hockey has endorsed moves by South Australia to abolish Stamp Duty and replace it with a nil exemption, broad-based land tax. He said the cost of an annual land tax would likely be less in the long term than...