It’s been a big week for property tax. On Sunday we learned the new NSW government was extending stamp duty concessions for first home buyers and will introduce legislation this week to scrap the former government’s ‘opt-in’ stamp duty to land tax scheme. We don’t...
Prosper's submission to the Victorian Legislative Council Inquiry into Land Transfer Duty Fees reflects our evolving thinking around the core motivations for the reform. 14 April 2023 Prosper Australia is an independent research institute focused on the management of...
Sent 21/6/22 Today’s announcement by Premier Perrottet that first home buyers could opt into a land tax was a baby step in the right direction of a broader land tax base. “NSW landholders benefitted to the tune of $705 billion in just 2020-21, and were only required...
The media is again full of chatter about the housing affordability crisis in Australia. Property markets have gone on a tear as mortgage rates bottom at levels close to matching inflation. Governments are subsidising a building boom to save the economy from COVID, and the resulting collapse in immigration.
The year of 2020 was a shocking year for many reasons, from the bushfires to a global pandemic. But there were some positives too, especially for land tax reform. Here are some of the developments that should give us some cautious optimism for the years ahead. NSW’s...
After eight years, the ACT’s bold experiment in tax reform is paying dividends. Can other states emulate the ACT's success? What: Zoom panel discussion with Q&A When: 12:30—1:30PM Tuesday Nov 10th Join our expert panel of tax boffins as we explore the options and...
Evaluating the ACT’s 20 Year Land Value Taxation transition after 8 years The ACT’s 20 year transition is paying dividends, but not necessarily of the sort we expected. The motivation for this tax transition was to improve the predictability, efficiency and equity of...
A new report for Prosper Australia finds the ACT government’s twenty-year tax reform program is achieving more than its three key aims of predictability, efficiency and equity. Read the report The Second Interval: Evaluating the ACT's 20 Year Land Value Taxation...
First published on MacroBusiness, read our summary and report. The Thodey Review’s draft report is right to place land tax at the centre of its vision for state tax reform. Replacing stamp duty with what the Review called “the states’ best tax lever” has the...
Replacing stamp duty with land tax has the potential, if enacted sensibly, to support budget recovery without impeding economic growth. The NSW and Victorian Treasurers are to be commended for taking on the challenge of reform. How this switch is implemented is...