Catherine Cashmore

Vacancy a Sign of Systemic Failure

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Prosper President Catherine Cashmore is quoted in The Age with Land Bankers raise ire of the well-heeled. “Morally it’s not a good thing to do,” she said. “But let’s not blame the investors.” She pointed the finger at government policy: “The nation has been breastfed on the notion that the way to fund their retirement […]

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Prosper SBS News

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Prosper Australia President Catherine Cashmore had a busy week. First, Catherine was interviewed by Raph Epstein for ABC FM Drivetime. Then Catherine was asked to appear on SBS News Saturday night in Vacant Homes in Sydney draws Attention of UN. Channel 9 news also referenced this report. Earlier in the week, our Speculative Vacancies Report […]

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Foreign investor tax slug spreads

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Catherine Cashmore appeared on Channel 9 news last night to discuss the fact we are building the wrong type of stock to meet our growing community. The report compared the 80,000 apartments due to come onto the market over the next few years with the 80,000 vacant properties we identified in the Speculative Vacancies report. […]

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Property Lobby’s million dollar no-show

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On Friday May the 13th the entire real estate industry launched into full attack-mode against those willing to reform negative gearing and the capital gains tax discount. The ALP and the Greens have both announced reforms targeting the subsidy to landed interests. That night Channel 10’s The Project sought to find a representative to discuss […]

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4 Corners hard-boils ‘Home Truths’ from our land bubble

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Australia’s premier TV current affairs program 4 Corners has a reputation for game-changing. Thoughtful analysis and a giant audience will do that. When it thunders, the time has arrived for a full reset. Last night’s episode ‘Home Truths’ lanced The Great Australian Land Bubble, assisted by some of our favorite people. Prof Steve Keen, from […]

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Prosper’s President in the news

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Prosper Australia President Catherine Cashmore was interviewed by Michael Bleby in the weekend Australian Financial Review. The interview stepped behind the intrigue of Henry George and Land Value Tax. Some selected highlights: Economic thinkers don’t often draw large crowds, but George did. “Thousands on thousands” of people filled the streets upon the death of the […]

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Housing supply fails – Speculative Vacancies instead

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A collection of the week’s radio interviews regarding our 8th report into Speculative Vacancies: With Catherine Cashmore on our favourite weekly show, the Renegade Economists: Vacancies Up, House Prices Up by Renegade Economists on Mixcloud Tony Biggs interviews Karl Fitzgerald on the popular On the Blower (RRR). Great discussion! Speculative Tricks of the Trade by […]

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Vacant homes up 28% despite housing crisis

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Media Release: Speculative Vacancies Defy Housing Affordability Pressures – Again 82,724 properties lie vacant and unoccupied across Greater Melbourne, according to Prosper Australia’s 2015 Speculative Vacancies Report released today. Key findings: •    4.8% of Melbourne’s total housing stock vacant in 2014 •    Up to 18.9% of investor owned property found vacant •    Speculative Vacancy rate […]

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Almost 20pc of Melbourne’s investor-owned homes empty

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Published by the Australian Financial Review by Michael Bleby The number of empty houses and apartments in Melbourne is much higher than traditional estimates, with as many as one-fifth of all investor-owned properties lying empty, according to a study of water usage by think tank Prosper Australia. Victoria leads the country in terms of new housing approvals and planning authorities gave the […]

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Speculative Vacancies 8 Report

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Executive Summary Prosper Australia’s Speculative Vacancies Report demonstrates how Government housing, tax and supply policies have allowed widespread residential and commercial vacancies in Melbourne. Melbourne’s three main metropolitan water retailers, City West Water (CWW), South East Water (SEW), and Yarra Valley Water (YVW) made their data available for this report. Speculative Vacancies (SVs) are assessed […]

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