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Articles from Prosper Australia

Water – Beneficiary Should Pay

January 7, 2014 - 13:19 -- Admin

Letters to the Editor Australian Financial Review LAND BENEFITS The comment by Marcus Spiller (AFR 3-5 January, Our cities should be allowed to water their own green shoots) on why per kl charging for water was better than “property” taxes nicely illustrates what is wrong with the teaching of economics and economic history in Australia. […]

Marvelous Melbourne, Magical Margins

January 3, 2014 - 00:25 -- Admin

    The weighted net annual rate of return on land investment in Melbourne 1880-92 was a remarkably high 34.6 per cent, peaking at 78.3 per cent in 1887, according to a fascinating paper researcher Philip Soos has unearthed Rates of Return on Melbourne Land Investment 1880-92  by doctoral candidate Ron Silberberg[i] of Monash University […]

Kohler condemns expensive land

December 11, 2013 - 14:53 -- Admin

Alan Kohler is out this morning on Business Spectator with a big swipe at Conservative state governments.  Yes, that is conservative with a capital ‘C’. He sees at last the destruction the cost of land is wreaking from Port Hedland to Hobart. The high price of land in Australia is one of the reasons businesses […]

The mystery of unearned income

December 11, 2013 - 13:27 -- Admin

As published today on Truthout The wealth gap is dividing society at an astonishing rate as the lessons from the Great Recession are helicoptered away. QE3 has worked for Wall St but little else. Over 30 nations are facing the shock and awe of property bubbles as the mobility of capital swoops in to claim […]

Stamp Duty stifles labor mobility

December 3, 2013 - 14:35 -- Admin

The Productivity Commission is out with a major study that recommends ending Stamp Duty on conveyances in favor of a land value tax to avoid trapping people in their homes when better jobs beckon elsewhere. The Geographic Labor Mobility report examines the match between skills and employment – or more exactly, where these mismatch.   A […]

Global devaluation really protectionism for property speculators

November 14, 2013 - 14:36 -- Admin

Renegade Economists podcast 314 Recorded at 3CR November 13th, 2013 Subscribe to the podcast on itunes. Listen to this show David Collyer joins host Karl Fitzgerald to discuss the state of Australian housing market. In the process we consider global policy settings re the attempted protectionism inherent in devaluing national currencies ‘to create jobs’. Pushing down one’s currency is reliant [...]

Time for Change

November 7, 2013 - 15:41 -- Admin

The Letters Editor Progress Leader (Boroondara) 5 November 2013 Time for Change Your feature on property (29/10) brings out the contrast between overseas investments in Balwyn and how increasing “house prices” are deterring first home buyers. One real estate spokesperson you quote mentions “the elephant in the room”, i.e. high land prices. Land values are created and sustained by the [...]

Speculative Vacancies in Melbourne: 2013 Report

November 1, 2013 - 11:17 -- Admin

Executive Summary This Speculative Vacancies report has sought to measure the number of residential and commercial properties in Melbourne that are vacant and held out of use. Residential rents surged between 2007 and 2010, imposing financial stress on many tenants. Increasing the stock of properties occupied would moderate rents and/or reduce selling prices. Speculative vacancies may not be reflected in [...]

Undertows drown strong swimmers metres from the beach

October 31, 2013 - 11:43 -- Admin

The ANZ property economics team is out in the AFR today with a bold prediction of a rise in house prices. ANZ’s David Cannington is one of the most clear-eyed economists in Australian property and this forecast must be taken seriously. As usual, the devil is in the detail. He sees no pick up in building: “Despite an unprecedented shortage [...]