Prosper Australia today welcomed the inclusion of a stamp duty to land tax transition in Infrastructure Victoria’s new strategy but criticised the absence of value capture as a sustainable and equitable funding mechanism. “We applaud Infrastructure Victoria’s...
Thank you for the opportunity to provide feedback on the draft strategy. Prosper Australia is an economic think tank working in the Georgist tradition, with a long history of research into property taxation. We wish to raise one major point: the draft strategy lacks...
Value capture is an equitable and efficient funding mechanism to support the development of high speed rail. It ensures that those who benefit the most from high speed rail contribute to its cost.
Victoria’s new Housing Partnership shows a lot of promise. The devil will be in the detail. Prosper Australia unpacks the issues.
By Li YiLin Value capture type reforms are underway in Victoria and New South Wales. Both governments aim to increase contributions from people who benefit from public decisions that increase land values, known as value capture,...
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...
Following our Parliamentary submission, Prosper Australia was asked to appear at the Select Committee into the Scrutiny of Government Budget Measures - 05/11/2015. The transcript is now available. Transcript via Hansard CASHMORE, Miss Catherine, President, Prosper...
Published as The Planned Obsolescence of the Public Interest in Online Opinion A fascinating power play continues in the debate over vertical fiscal imbalance. The strategic intent is prevalent from federal to local politics, where the health of the public revenue...
Last Thursday Catherine Cashmore and I addressed the Select Committee into the Scrutiny of Government Budget Measures. Read the Hansard transcription. We felt it important to put on the public record the various value capture mechanisms with commentary on their...