A Petition by Rational Radical Hi, my name is Matt, and I'm one of many young Australians currently locked out of home ownership by record high prices. My friends know me as very vocal and frequently angry about housing affordability issues. Well the latest...
BLOG: negative gearing
Over the BBQ
They couldn’t afford a new house, but they could afford two. Plus they get the “tax benefit” of negative gearing the rental, which we know is a crock, and they’re doubly leveraged.
123rd Annual Dinner With…..
Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia JULY 2014 Schalkenbach Foundation 123rd Annual Henry George Dinner, 3rd September Featuring Professor John Freebairn of Melbourne University Wednesday...
Budgeting for Capital Gains
Press Release “Treasurer Joe Hockey's budget is a boon for those in pursuit of capital gains" stated Prosper Australia spokesman, Karl Fitzgerald. "Whilst claiming we all must contribute to the heavy lifting, the budget ignores the easy unearned incomes in real estate...
Budget for Packer’s mugs
Sign up to our Evolving Economics enews. We sent this out this morn. Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia may 2014 Welcome to our new look Welcome to the new Evolving Economics e-news, combining both...
Federal Budget: Tax Shift to avoid Blame Shift
With the Federal Budget to be handed down in a matter of hours, and with today's housing finance figures revealing more of the same: investors at 39.1% of all loans FHO's nationally plateauing at 12.6%, up 0.1% NSW FHO's at just 8.5% and borrowing on average $320,800,...
Housing: Investor support continues with Significant Investment Visas
Each day passes with policy enhancing the never ending Great Australian land bubble. Three of note include: the recent sale of $500m in Australian sub-prime loans by non-bank lender Pepper (AFR, paywalled), bundled together as Residential Mortgage Backed Securities....
HIA: Negative Gearing barely costs economy
An interview on Lateline Business with Harley Dale (HIA) and Saul Eslake makes for interesting viewing on whether Negative Gearing will be grandfathered and quarantined to new housing only in the upcoming May budget. At about the 10 minute mark Harley Dale makes an...
Eslake in Senate submission on Housing Policy Failure
Saul Eslake has hit the press (p3 of the AFR - paywalled) with his submission to the Senate Committee on Housing Affordability. The submission is largely based on his 122nd Annual Henry George Commemorative dinner presentation. Saul again reiterates his key point from...
LVT must replace NG, Stamp Duty
By Catherine Cashmore Follow Catherine on Twitter Cross-posted from Macrobusiness There’s been a lot of debate around property taxation in Australia; significantly negative gearing, which allows an investor to use the short fall between interest repayments and other...