Oz Blog News Commentary

Articles from Prosper Australia

Boom-bust and the Australian banks

June 26, 2017 - 17:29 -- Admin

Australia experienced an increasingly gigantic bubble in land prices during the 1880s and the beginning of the 1890s, and the city of Melbourne became bubble-central. Michael Cannon provides an excellent account of the period in The Land Boomers. Henry George’s masterwork Progress and Poverty had hit the streets in the United States in 1879 and […]

Game of Mates – Melbourne Book Launch

June 15, 2017 - 15:21 -- Admin

In 2015 Dr. Cameron Murray released an influential paper investigating the nexus between relationship networks and land rezonings in Queensland. Fairfax journalist Michael Pascoe stated the paper ‘should have brought down state and local governments, sparked a royal commission and radically changed the Australian housing industry’. Murray has built on this game theory approach in […]

Prosper’s Evolution

June 14, 2017 - 15:24 -- Admin

Dear supporters, The work of Prosper Australia is being discussed more often by government and independent economists. More economic journalists are now referring to the good sense of introducing a range of better land taxation measures. Meetings with the Victorian Treasury and the State Revenue Office are becoming commonplace. Our work has been referenced by […]

1 + 2 adds up!

June 13, 2017 - 11:45 -- Admin

These two interesting quotes assist to make the Georgist case that land prices and taxes are both problematical:- (1) Richard Cobden: “Cheated, Robbed and Bamboozled” “I warn ministers, and I warn landlords and the aristocracy of this country, against forcing on the attention of the middle and industrial classes, the subject of taxation ….. If you […]

Our lives are like a Hieronymus Bosch or Pieter Bruegel painting

June 8, 2017 - 16:44 -- Admin

by Dr Gavin Putland WORKERS (i) pay rent, (ii) help their employers to pay rent, and (iii) raise some of the next generation of rent-payers. LAND SPECULATORS (i) receive economic rent for the gifts of nature, (ii) take the credit for providing them, and (iii) lobby governments for an ever-increasing supply of rent-payers. BANKS (i) […]

Vacancy a Sign of Systemic Failure

June 6, 2017 - 14:45 -- Admin

Prosper President Catherine Cashmore is quoted in The Age with Land Bankers raise ire of the well-heeled. “Morally it’s not a good thing to do,” she said. “But let’s not blame the investors.” She pointed the finger at government policy: “The nation has been breastfed on the notion that the way to fund their retirement […]

The Metricon Judgement

June 2, 2017 - 00:00 -- Admin

In March last year, the NSW Supreme Court set aside the NSW Office of State Revenue’s assessment for land tax in 2009-13 on certain lands at Terranora in the Tweed Valley held by Metricon. The developer bought the $60m aggregation to subdivide for residential use. It side-stepped a land tax liability of around $1.2m per […]