Our submission to the Minister for Consumer Affair’s Property Market Review. Property Market Review Prosper Australia has concerns surrounding both the privatisation of real estate data, the inaccuracy of statistics and the practice of staging lot releases in large, master planned estate developments. At present, data gaps favour the real estate industry and have placed […]
Cross-posted from The New Daily: It’s not surprising that a Senate report on housing affordability chaired by a former property developer gives a free pass to the property industry. Liberal MP and committee chair Jason Falinski’s view that developers should be given all the housing supply they want may well have been written by the […]
Download our 2022 Vic budget submission (submitted March 2022) Executive Summary Prosper welcomes the opportunity to contribute to the 2022-23 Victorian Budget. We are an independent, Melbourne-based research institute with a focus on the management of exclusive and essential resource allocation through revenue policy. This includes land and other natural resources, essential services that are […]
‘Taxes’ on Land are Rents: Therefore they Can’t be Passed On Rates and land ‘tax’ are notionally already in the gross rent paid by a tenant, and cannot be ‘passed on’. If, as claimed by vested interests, the land value tax can be passed on, why do not these representatives of special privilege pass the […]
Cross-posted from the Fith Estate. The confrontation over Victoria’s Social and Affordable Housing Levy may have been short lived when the proposed levy was quickly dropped after conniptions by the property lobby, but the shibboleth that property taxes represent a large proportion of the cost of buying a house is economic propaganda that just won’t […]
(as published in the AFR, 4th February 2022) [$] During his National Press Club talk this week, Prime Minister Scott Morrison has acknowledged that it is “even harder” to buy a home than when he did so. Indeed, an examination of the ratio between house price increases and wages growth suggests that it is now […]
Australia’s economy is dominated by sectors which derive significant revenue from “economic rents” - or unearned income.
National prosperity is an economic mirage (As published in the AFR, 25 January 2022) Exorbitant land prices act like termites upon an economy, bringing social and economic division, decline, and eventually, collapse. Any perception the Morrison government has boosted national prosperity by facilitating the latest property boom is an economic mirage. The reality is that […]
What a saying! Like an entry price to life on earth. I picked that up from a Scottish 80’s zine by Steve Wall. I hope it resonates with you. Here is the editorial to Progress Magazine #1131, featuring key articles from leading thinkers such as Fred Harrison, Emily Sims, Cam Murray and Frank de Jong. […]
Renegade Economists Show 601 As broadcast on the 3CR airwaves. Subscribe to the monthly podcast. Show Notes Our final radio show on 3CR sees Karl going out on a win, discussing the Windfall Gains Tax legislation that passed last week. Along the way you’ll hear analysis of Australia’s record land price inflation, why we need […]
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