Tuesday 21st March The Kelvin Club, 14-30 Melbourne Pl, Melbourne VIC 3000 map 5:30pm Join us in-person we present findings from our latest research note – Pandemic rental dynamics: an (un)natural experiment in excess supply by Jesse Hermans and Tim Helm. You’d never get ethics permission for an experiment like this. Take a city of 5 […]
Prosper provided feedback to the Commonwealth’s draft Housing Legislative Package – Housing Australia Future Fund Bill, National Housing Supply and Affordability Council Bill, and Amendment Bill which was on exhibition over Christmas. If enacted, these bills will give effect to the Government’s key election commitments in relation to housing – the establishment of the $10 billion […]
Planning deregulation, especially rezoning, has been repeatedly touted as a key policy solution to Australia’s eye watering house prices. The story goes that prices remain high because the supply of new dwellings in accessible, desirable locations has not kept pace with demand. Prosper Australia has critiqued this reasoning, leading to some bewilderment among fellow economists. Prosper […]
Times are turbulent and changing: pandemics, wars, energy crises, climate disasters, inflation, a new government. In this very challenging context, the Albanese government has handed down its first budget. The budget is in many ways foundational. It covers what Labor took to the election, but also paints an ugly picture. If things don’t change the […]
Prosper’s outgoing Director of Advocacy, Karl Fitzgerald, picked up the EJ Craigie Award for best Georgist writing at the 2022 Henry George Dinner and Address. His opinion piece “Forget red or green tape, developers squeeze housing supply with gold tape” appeared in The Age, July 26 2022. The article formed part of Prosper’s media campaign […]
On September 14, 2022 we descended on the Kelvin Club (and online) to listen to Economist Brendan Coates delivering a sobering, hopeful evidenced based address. The 131st Henry George Commemorative Address Dinner and Address attracted a diverse crowd from across Australian civil society. There was a strong presence of economists, planners, housing advocates, policy makers […]
Director of Research Danny Spring, Policy Coordinator Jesse Hermans The Queensland government has backed down on nation-leading land tax reform after backlash from other states and an opposing media campaign waged by big property. The tax reform was modest, impacting few investors, and was aimed only at untaxed properties. Currently, interstate investors don’t have to […]
The wage share of our collective income is at historical lows while the profits share is on the rise. Why is this? There has been some dispute over what impact wages have on inflation (practically none), and if profits have driven inflation. Yet the picture is clearly much more nuanced – profits for whom? These […]
Cross-posted from The Age’s Cara Waters. More regulation of property developers is needed to prevent them deliberately releasing land slowly to drive up prices for aspiring home owners and maximise their own profits, according to independent think tank Prosper Australia. Prosper said supply-stalling tactics in the $8 trillion property development industry needed closer scrutiny from […]