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Articles from Prosper Australia

Tim Pallas protects land tax revenues – and the people of Victoria

November 3, 2016 - 09:58 -- Admin

The Victorian Treasurer yesterday dismissed belly-aching by holders of valuable parcels whose private joy over the strong rises in land prices comes with a sting – their State Land Tax went up too. ‘‘The government is not considering reducing land tax rates in response to a cyclical upturn in land values,’’ Mr Pallas told the […]

Exposed: Scomo’s ‘fix’ on housing costs a sop to Libs’ Big Developer donors

October 28, 2016 - 13:37 -- Admin

by Warwick Smith Warwick Smith smells a rat in Scomo’s sudden solution to housing affordability – planning reform – coming just ten days after developers’ call for same. SCOTT MORRISON has suddenly announced that he cares about housing affordability. This is interesting given his strident opposition to getting rid of negative gearing and the concessional […]

NSW Premier Baird passes the Elixir bottle without taking a swig

October 27, 2016 - 13:47 -- Admin

NSW Finance Minister Dominic Perrottet floated the idea of exchanging Stamp Duty for State Land Tax in The Australian yesterday. We warmly welcomed his initiative and explained some of the big benefits this offered NSW. By 5.30pm yesterday, Philip Coorey had the Premier’s rebuttal up in the AFR, saying he had no intention of making […]

Will Mike Baird seize the first-mover advantage for NSW – and drink all of the Premiers’ Elixir?

October 26, 2016 - 15:59 -- Admin

A prize awaits the first state Premier with the political capital and farsightedness to exchange Stamp Duty for State Land Tax. The move would be a magnet for economic activity. As economists repeat ad nauseum, it is all on the margin. Fresh investment – the Premiers’ Elixir – goes where it is most welcome and […]

The Tax Men from Mars landed in ACT – and were asked to stay

October 22, 2016 - 18:59 -- Admin

Saturday’s Australian Financial Review always needs a nice read and today it is the ACT government’s progressive removal of Stamp Duty that increased council rates on a million dollar property from $2200 a few years ago to $3000. What a terrible thing to do! Mather, Ludlow & Schlesinger are astonished the Barr government was returned […]

Prosper’s Survey asks aspiring Councillors to rate land not buildings

October 21, 2016 - 13:57 -- Admin

In its campaign to rid Australia of bad taxes, Prosper Australia surveyed Victorian municipal council candidates and asked their opinion on the rates issue. We explained the difference between Capital Improved Value (CIV) and Site Value (SV) and the economic arguments around them. The Victorian government’s review of the Local Government Act 1989 wants to […]

Clouding Clear Title – The NSW Land Registry Sell-Off

October 6, 2016 - 13:03 -- Admin

The NSW Liberal-National Coalition government has just passed new laws to sell the state’s Land Registry to private interests. Prosper is bitterly opposed to this sale and has spoken out against it repeatedly. This is a core government function: “Each state and territory has a central register of all land in the state which shows […]

Gold Coast light rail study helps put a figure on value capture’s funding potential

September 20, 2016 - 19:54 -- Admin

by Dr Cameron Murray cross-posted from The Conversation Value capture actually can work when it comes to funding new transport infrastructure. My research on the Gold Coast light rail provides the figures to demonstrate the size of the gains to nearby land values, which were around 25% of the A$1.2 billion capital cost in stage […]

Prosper urges the Local Government Review to mandate Site Value

September 20, 2016 - 14:23 -- Admin

Victoria is reviewing its Local Government Act 1989. The original Act is now subject to over 90 amending acts, so the Review is timely and necessary. Buried among the good ideas to improve local government is a very bad one, obliging all councils to use Capital Improved Value as the ratings base. Prosper Australia’s submission […]