Media Releases
The Potential of a Rezoning Windfall Gains Tax
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...
With Great Reward, Comes Great Responsibility
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...
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 . Prosper Australia Research Director, Karl Fitzgerald said: “The...
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...
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