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Articles from Prosper Australia

Rezoning Windfall Gains Tax – FAQs

June 15, 2021 - 10:54 -- Admin

Homebuyers might be wary of taxing rezoning windfalls, because they worry it will increase the sticker price of housing. The property industry says that taxing rezoning windfalls will increase the cost of housing because the tax will be passed on. They also say that in response to the new tax developers will shut up shop, […]

Banging Down the Doors of Parliament: Why it should be housing advocates rather than the property lobby

June 2, 2021 - 10:06 -- Admin

The Victorian Treasurer’s recent housing policy announcements delivered an odd sense of hope for affordability wonks. The state finally saw fit to place extra tax burdens on the property sector with an increase in land taxes, stamp duties and importantly, on rezoning windfalls. The cumulative taxes will raise $2.4 billion over four years. Whilst the […]

Rights to Rezoning

May 27, 2021 - 18:09 -- Admin

Renegade Economists Show 595 As broadcast on the 3CR airwaves 6 – 6.30pm on the fourth Wednesday of the month. Subscribe to the monthly podcast. Show Notes Karl is joined by his colleagues Emily Sims & Jesse Hogan to pull apart property lobby spin in light of the recent Victorian Budget. We actually had a […]

States drive sustainable tax reform

May 6, 2021 - 09:00 -- Admin

Until recently, no government had a “cogent plan” to deal with impending combustion of Commonwealth fuel excise revenue. But now Victorian Treasurer Tim Pallas has risen to the challenge both to future proof Victoria’s road charging regime, and make Zero and Low Emissions Vehicles (ZLEVs) a more affordable choice for drivers. Public roads require significant […]

Submission to Victoria’s Ten Year Affordable Housing Strategy 2021

May 4, 2021 - 13:18 -- Admin

Prosper’s submission focuses on the scope of the strategy. We do not believe that a long term strategy for affordable housing can ignore the political economy of private freehold land ownership. Understanding the distinction between owning a home and owning a financial investment is critical to resolving the wicked problem of housing affordability. Reducing or […]

Land price and the greening economy

April 29, 2021 - 14:55 -- Admin

Renegade Economists Show 594 As broadcast on the 3CR airwaves 6 – 6.30pm on the fourth Wednesday of the month. Subscribe to the monthly podcast. Show Notes Karl monologues past his doom scroll and into new evolutions in the treatment of carbon pollution. Is a well-being index the centrepiece of the next economy? How can […]

Progress 1130: Coherence

April 20, 2021 - 12:21 -- Admin

Progress Magazine Editorial Celebrating our 1130th edition! Dear readers, I want you to look at the back page graph to remember why this is such an important story. It quickly paints a picture that Australian land prices are out of control. The 1999 halving of the capital gains tax opened the door to rampant land […]