Prosper Australia today expressed deep disappointment at the Victorian Government’s continued failure to implement value capture mechanisms in its recent upzoning announcements. By allowing landowners to reap windfall gains without returning a fair share to the community, the government has missed a vital opportunity to fund essential infrastructure and public services.
Prosper Australia has expressed strong concerns over the Allan Labor Government’s recent announcement of 50 new activity centres across Victoria, citing the absence of any form of Land Value Capture (LVC) mechanism as a missed opportunity to ensure fairness and economic sustainability.
133rd Henry George Commemorative Dinner Address by Professor Sock-Yong Phang, Singapore Management University, Kelvin Club, Melbourne, 15 August 2024 Value capture and affordable housing: insights from Singapore Good evening, everyone. Thank you, Dr Tim Helm...
Presentation to the Planning Institute of Australia's Victorian Conference, October 13, 2023 Today I want to take you on a rapid intellectual journey, a therapeutic crash-course, to convince you all to stop worrying about housing affordability – and instead, to learn...
In July 2021, Prosper was privileged to host a zoom webinar by Joe Langley, a global expert on value capture mechanisms for transport. Joe's talk was based on an article he wrote on the ongoing developer contribution reform effort in NSW. The full article is...
In its latest budget, the NSW Government has laid the foundation for a global best-practice model for major transport funding. Zoom Webinar: Wednesday, July 28th 12:30pm While Victorian's woke up on budget day to a surprise rezoning windfall gains tax, the NSW...
Homebuyers might be wary of taxing rezoning windfalls, because they worry it will increase the sticker price of housing. The property industry says that taxing rezoning windfalls will increase the cost of housing because the tax will be passed on. They also say that...
Cross-posted from the Australian Financial ReviewThe federal government's infrastructure advisory body is facing criticism for stepping back from an ambitious reform agenda outlined little more than a year ago, with its latest audit silent on road user charges,...
The Trump administration has promoted the need to harness the windfall gains property owners enjoy when infrastructure is built in close proximity. The Legislative Outline for Rebuilding Infrastructure in America includes the following section: C. Transit 1. Require...
The debate over tax policy in Australia has reached fairly mediocre levels. The best the Federal Government can muster is a company tax cut, which they intend to by stealth replace with income tax via bracket creep. Meanwhile the natural bounty of land is ever...