negative gearing

2019 Federal election policy comparison

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The 2019 Federal Election is only a few days away… But how can you maximise your vote to shift the tax system away from unproductive rent seeking? Which parties have the best policies to deter land speculation, and reduce wealth inequality from inflated land prices? Prosper has produced a brief policy scorecard for parties with […]

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Finally, Negative Gearing oversight

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Have you ever wondered what oversight is provided to ensure investors place their properties on the market at market rents? Or do some push rents higher so they fail to rent and NG writeoffs are accentuated? Recently the Greens senator Peter Whish-Wilson had the following ‘questions on notice’ answered by the ATO in the Senate […]

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Will Rents rise under Labor?

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The proper function of the property industry is to keep the productive economy housed as cheaply as possible, so that investment in future production is not crowded out by the cost of occupying space — that is, by the cost of mere existence. To serve this purpose, the property industry must itself be productive — by […]

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The compulsory retirement of home ownership in Australia

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… A Turnbull victory will entrench the bidding advantage of investors over owner-occupants, even for established homes. The age of home ownership as we know it is coming to an end. The age of investor hegemony is here. From now on, for a typical first home buyer, the only way to beat the investors will […]

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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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4 Corners: Home Truths

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President Catherine Cashmore has been busy with the 4 Corners team filming a number of scenes around Melbourne. Tonight we find out which scenes make national TV in a much overdue investigation into the pressure housing affordability places on society. Thanks to all those supporters who have written into the show over the years requesting […]

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Malervescence: a government determined on tax deform

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Prime Minister Malcolm Turnbull has produced so many thought bubbles on tax reform he makes fresh beer look flat. His latest effervescence is for the states to levy their own income tax on top of the Commonwealth take. He needs to be warned: Be careful what you wish for. Should Australia proceed down this path, […]

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Reform Negative Gearing Now!

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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 only and in time should be removed entirely. It is time […]

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Treasury Secretary falls for Gearing Myth

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The Treasury Secretary John Fraser was recently found wanting in the Senate Economics committee on the most controversial tax in the country. When asked by Senator Peter Whish-Wilson what would happen to rents if Negative Gearing was removed, he provided the following answer: Treasury Secretary John Fraser: Uh… I’m testing my memory and I’m looking… […]

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