My belief is that Community Land Trusts (CLTs) can demonstrate the benefits of recycling land rents for the common good. This will support the larger Georgist agenda with a micro version of the macro vision. It's been 12 months since we started Grounded Community Land...
BLOG: affordability
Statement to the Commonwealth Inquiry into Housing affordability and supply
Prosper prepared the following opening statement to the Commonwealth Tax and Revenue Committee's inquiry into housing supply and affordability: Prosper Australia welcomes the focus of this enquiry into the role of taxation and supply on housing affordability. We are a...
The other vacancy report. New rental streams from excess car parking?
According to the lovely Dr. Elizabeth Taylor over at RMIT, parking in Melbourne's city centre now occupies the equivalent of 225 MCGs. The main reason for this bounty: minimum car parking requirements in the planning scheme. These requirements compel developers to...
HomesVic: An equity share of a broken housing market
Like most 30 somethings with a substantial HECS debt and an addiction to avocado on toast, I am an aspiring first home buyer. I’d love to buy the home I currently rent: a daggy 1960’s ‘six-pack’ flat on a main road in Footscray. It’s currently valued around $360,000....
Victoria to tax vacant properties into use
Premier Daniel Andrews announced a range of housing affordability measures Sunday, some of which will help. The eye-opener is the introduction of a Vacant Residential Property Tax at one per cent of the capital improved value on properties held vacant for six months...
Housing affordability and the changing debt burden of a typical mortgage
by Philip Soos reposted from The Guardian Australia’s historically high and rising housing prices are widely debated and have prompted a number of government inquiries into housing affordability. The question stands open: is housing affordable in Australia?...
Reform Negative Gearing Now!
Are you locked out of the housing market? Do you want to see an end to market distorting subsidies to property investors? Sign the petition! This petition calls for the Federal Government to reform negative gearing NOW! Negative Gearing must be limited to new housing...
Victoria to cap the single best tax base available
The Andrews government is capping local governments rate rises to CPI after fifteen years of six per cent rises in a low inflation environment. Minister for Local Government Natalie Hutchins’ Fair Go Rates System, administered by the Essential Services Commission,...
Free the people – use good taxes
The Housing Industry Association's Harley Dale and the Urban Development Institute's Michael Corcoran have called for the repeal of Stamp Duty in favor of a broad-based land tax, News Corp reports today. Both lobby groups fear an extension of the GST to building...
Budget deadweight, Prosper happenings
Join our fortnightly enews on all things evolving economics. Read past editions. Share with your friends! Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia MAY 2015 Gratis Tech Crash 101 Our deepest apologies...