Oz Blog News Commentary

Articles from Prosper Australia

The Monthly Discussion in April – IP Monopoly and publicly funding R&D

April 15, 2019 - 13:48 -- Admin

What: Discuss + Debate + Drinks + Pizza When: Wednesday, April 24 Time: 6pm Cost: Free In a world of rapid technological development and innovation, how can the public ensure a fair return on Intellectual Property (IP) monopolies while furthering investment in R&D and technology? As time goes on, the advancement of technology sees the value of […]

Work With Us

April 12, 2019 - 11:08 -- Admin

Prosper Australia is currently looking for a Marketing Communications expert. Full details can be found here. Prosper Australia is an independent, not-for-prot organisation campaigning for economic justice. Our agenda includes research and advocacy for reforms such as land value capture for transport infrastructure, rezoning windfall gains taxation, shared equity housing models, recombining natural monopolies, and […]

Impeding the Market

April 11, 2019 - 11:04 -- Admin

Here is the livestream of the report launch for Speculative Vacancies 9 – Impeding the Market: The accompanying powerpoint: Speculative Vacancies 9 – Impeding the Market from Prosper Australia Just how much market power should owners of real estate enjoy? Anyone who has ever uttered the words ‘housing supply’ must digest this report.

By Michael Bleby

April 10, 2019 - 15:37 -- Admin

By Michael Bleby, Snr Report, Australian Financial Review The number of vacant investor-owned properties in Melbourne remains high, with as many as 16.2 per cent homes sitting empty, according to the latest Speculative Vacancies report based on 2017 water usage data. The proportion of investment homes using less than 50 litres per day – equivalent […]

Speculative Vacancies 9 – Impeding the market

April 9, 2019 - 06:00 -- Admin

Key recommendations Water data indicates 60,901 residential properties were vacant in 2017 at a rate of 3.9%. Absolute vacancies using zero litres of water revealed 21,326 residential properties at 4.6% of the rental market. Up to 16.2% of investor owned rental properties were potentially vacant. Absolute vacancies had the potential to add 17.3% to housing […]

Speculative Vacancies 9 report launch

March 29, 2019 - 06:43 -- Admin

Tuesday April 9th, 6.30pm Level 1, 64 Harcourt St, North Melbourne Presenter: Karl Fitzgerald Prosper’s controversial report is back to investigate the number of vacant properties flying in the face of the ‘supply crisis’. *** If you are frustrated at the vacant blocks you pass on your commute and would like to be involved in […]

Finally, Negative Gearing oversight

March 28, 2019 - 11:11 -- Admin

Have you ever wondered what oversight is provided to ensure investors place their properties on the market at market rents? Or do some push rents higher so they fail to rent and NG writeoffs are accentuated? Recently the Greens senator Peter Whish-Wilson had the following ‘questions on notice’ answered by the ATO in the Senate […]

I need a pay rise. Something deep and structural…

March 21, 2019 - 16:03 -- Admin

For our collective angst over Australia’s economic decline, wage growth is an indicator most dreadful. Look into the eyes of stagnating wages growth and see property markets crash, governments crumble, and hi-viz-vested citizens burning bankers in the streets. What the people need is a pay rise. Labour are putting a ‘living wage’ on their flagpole […]

How much is a politician’s skin worth?

February 27, 2019 - 14:44 -- Admin

  The IMF has added its voice to the calls for Australia to reform how we tax ourselves to be more productive, fairer and better placed to manage the headwinds ahead. Its annual consultation report with the Australian government says: “Stamp duties should be replaced by broader land taxes, which would strengthen incentives for efficient […]