Media Releases
Property Drip Feeding Slips Under the ACCC’s Radar
"We support ACCC’s drive to contest price gouging but express concern the ACCC focus on online sales is a mere detail compared to what is happening under our feet in the land game." Prosper Australia Project Director Karl Fitzgerald said today "The global property...
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...
Housing Affordability Policy Crisis
Housing policy remains in crisis as today's 8 capital cities index revealed a rise of 7.6%, with Melbourne up 6.8%. "This heralds Victorian housing affordability policy a distinct failure. Never before have so many generous exemptions been given to the property...
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
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...
Listed Developer Englobo Holdings
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...
House Market Needs Sale +3 Data
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...
Melbourne Rents Falling
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...
Time To Get Real
13 December 2012 Citizens deserve the truth: property prices are down -8.6 per cent nationally in real terms. Removing inflation from real estate prices reveals falls from peak of -11.2 per cent in Melbourne and -11.6 per cent in Brisbane in real terms, according to...
Taxi Licenses are Economic Rent
11 December 2012 Charging Victorian taxi license holders a stiff annual fee as Prof Allan Fels proposes should be welcomed by every citizen and immediately enacted by government, says Prosper Australia. “TaxiLink director Harry Katsianabis manages 160 taxi licenses...
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