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Articles from Prosper Australia

Property Drip Feeding Slips Under the ACCC’s Radar

February 25, 2014 - 15:21 -- Admin

“We support ACCC’s drive to contest price gouging but express concern the ACCC focus on online sales is a mere detail compared to what is happening under our feet in the land game.” Prosper Australia Project Director Karl Fitzgerald said today “The global property bubble is accelerating in dozens of countries. The few agencies monitoring […]

AHURI is ‘Home Alone’

February 19, 2014 - 14:32 -- Admin

  In an extraordinary outburst, the Australian Housing and Urban Research Institute has today embraced planning constraints on urban subdivision, elevating ‘developer certainty’ over the risk – heaven forbid! – of oversupply. I kid you not. “While it is almost impossible to untangle the many influences on house prices in any jurisdiction (e.g. local desirability, […]

FIRE sector eats into productivity

February 11, 2014 - 11:49 -- Admin

A must read for those interested in Prof Michael Hudson’s commentary on the growing influence of the FIRE sector in rent seeking activities, cross posted from Macrobusiness. By Leith van Onselen Business Spectator’s Rob Burgess made the following keen observation over the weekend on the hidden cost of Australia’s housing obsession, which has damaged Australia’s […]

Perma-Nomics @ the SLF

February 5, 2014 - 11:14 -- Admin

As we build up for another year of inspiring conversation at the Earthsharing stall at the Sustainable Living Festival (Feb 14 – 16), put this presentation in your calender: PERMA-NOMICS CAN THE 12 PRINCIPLES OF PERMACULTURE BE PARAPHRASED INTO A NEW ECONOMICS? Friday Feb 14th, 5 – 6pm Birrung Mar Event map Today’s ‘divide and […]

Winston Churchill – land reformer

January 31, 2014 - 14:12 -- Admin

(1874 – 1965) This is one of our 50 famous biographies we are uploading by former Progress editor Karl Williams. See more “The socially-produced value of the land is reaped by the speculator in exact proportion, not to the service, but to the disservice, done.  The greater the injury to society, the greater the reward.” […]

Australian Valuation Office shut to help or hinder bubbles?

January 24, 2014 - 15:35 -- Admin

Today is a testing day for economic democracy with the announcement the Australian Valuation Office will be closed. The office has for 104 years valued our land – and was the cornerstone of the first federal tax office – the Federal Land Tax Office. We show concern at this development because this austerity manoeuvre could […]

Englobo IV: Land, Land, everywhere but not a place to sit

January 24, 2014 - 07:30 -- Admin

Victorian Planning Minister Matthew Guy has been out this week energetically pointing to fresh ‘land releases’ around Melbourne.  Growth, or the illusion of growth, is a powerful sedative that buys contentment and political support.  He will bang this drum hard. Plan Melbourne – the Napthine government’s vision for development – forecasts a Melbourne of 6.5 […]

Eslake in Senate submission on Housing Policy Failure

January 21, 2014 - 11:55 -- Admin

Saul Eslake has hit the press (p3 of the AFR – paywalled) with his submission to the Senate Committee on Housing Affordability. The submission is largely based on his 122nd Annual Henry George Commemorative dinner presentation. Saul again reiterates his key point from the speech: While political parties and governments professed to care about first […]

Physiocrats – The Catalysts of Economic Thought

January 17, 2014 - 09:40 -- Admin

Cross Posted from Monmouth University The Physiocrats Ordell P. Olson Assistant Professor of Economics France, at the end of the seventeenth and into the eighteenth century, was gradually going bankrupt. Wars were depleting both the natural and human resources of the country. The need to finance the wars and the court display of nobility was […]

House prices, not wages, is the bigger issue

January 15, 2014 - 17:00 -- Admin

Letters, Australian Financial Review  15 January 2014  p33    Peter Pitt (“High wages force companies to consider offshore options”, AFR January 10) suggests that a lower minimum wage will improve employment retention in Australia. The lower wage countries he uses to support his point include the United States, United Kingdom, New Zealand and Japan.    Of these, […]