Prosper usually looks at macro economics yet a micro example of what can go wrong in the property market - very, very wrong – might aid your concentration. Andrew, a Sydney ‘investor’ bought properties in Mackay and Blackwater Queensland, “when rents were crazy and...
BLOG: land tax
The great grey gouge of the West
By Leith van Onselen There’s an inter-generational war going on in the UK, which is also being played-out across most developed nations, whereby older generations are ‘making out like bandits’ at the expense of their children and grandchildren. Here’s the Financial...
Boomer Welfare Enjoys Foreign Investment Fillip!
Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia February 2014 Hernan Pinera The Climate Fund Under Our Feet - this Thursday! Thursday February 26th, 6.30pm Level 2, 22 Punch Lane, Melbourne Presenter:...
Tax reform derailed
Prosper has serious concerns about the equity and economic efficiency of the reform proposals reported in the media as coming from cabinet ministers – notably broadening the GST , which is a regressive tax. Our submission spells out why.
Ditch the saddlebags of deadweight losses – for the win
Yesterday, Cameron Kusher of CoreLogic RP Data called for the removal of conveyancing Stamp Duty and its replacement with a universal land tax. His comments come just ahead of the release of the federal government tax reform white paper. He echoes Australia’s Future...
Rates Cap to Continue Vicious Circle
“Victorian Labor’s capping of local council rates plays straight into the hands of Tony Abbott’s pro-GST revenue centralisation agenda” stated Prosper Australia Project Director Karl Fitzgerald. “The integrity of Victoria’s local council rating independence was dealt...
OECD’s Housing Concerns
Yesterday's OECD Economic Survey of Australia pinpointed key areas of risk. As Philip Soos and Paul Egan showed today in their 21 chart pack, Australia's land bubble and accommodating credit cycle opens the economy to incredible risk. But the Abbott government...
The FIRB’s new milk teeth
The report of the parliamentary committee inquiry into the Foreign Investment Review Board is out. The inquiry has been conducted with great fanfare to edify the Liberals’ rising star and MHR for Higgins Kelly O’Dwyer. And what are its findings, once the...
How to get the states on board federal reform
By Leith van Onselen The AFR’s Alan Mitchell has written a solid piece prognosticating about the best tax reform options to reform Australia’s federation. Predictably, Mitchell mentions raising/broadening the GST in exchange for lower income taxes, which according to...
Property saves the Victorian Budget
Republished with kind permission from www.macrobusiness.com.au By Leith van Onselen The Victorian Government has released its 2013-14 Annual Financial Report, which revealed a $2 billion surplus in 2013-14 – the largest Budget surplus recorded for the state in 15...