Australia at risky end of land price cycle, new paper warns
[et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”] Prosper Australia has released a major new paper by Catherine Cashmore, The Land Cycle, warning that Australia is in the late stages of a historically recurring land price cycle. The paper presents a long-form, narrative-driven…
Rack off Musk: Australia’s public spectrum is not a corporate freebie
Independent economic think tank Prosper Australia has slammed threats from Elon Musk’s SpaceX to withhold satellite-based mobile services from Australia unless it is handed valuable public spectrum access for free. “Let’s be clear: Australia’s airwaves are a public resource, not a bargaining chip for billionaires,” said Rayna Fahey, Executive Director at Prosper Australia. “If SpaceX…
Taxpayer Subsidies Won’t Fix Geelong’s CBD: End Speculation Instead
Prosper Australia has rejected calls for new tax breaks and subsidies for developers in Geelong’s CBD, warning that such measures would shift private risk onto taxpayers without addressing the root cause of stalled development. “Governments should not be in the business of propping up private development projects,” said Rayna Fahey, Prosper Australia Executive Director, today.…
Totally empty homes in Melbourne up 16%
Prosper Australia’s latest Speculative Vacancies data update reveals a 16% rise – to 31,890 – in totally empty homes in Melbourne over the past year. This rise in empty dwellings has undermined the benefit from new housing supply coming online. Including a further 69,055 underused homes, the total climbs to 100,945. This figure speaks to…
Victoria’s infrastructure plan praised for tax reform, criticised for ignoring value capture
Prosper Australia today welcomed the inclusion of a stamp duty to land tax transition in Infrastructure Victoria’s new strategy but criticised the absence of value capture as a sustainable and equitable funding mechanism. “We applaud Infrastructure Victoria’s endorsement of a broad-based annual land tax. This reform recognises that shifting the tax base from transactions to…
Australia’s land wealth passes $10 trillion as tax burden stays on workers
Australia’s total land value has soared past $10 trillion, according to new ABS data — yet ordinary workers continue to shoulder most of the nation’s tax load. Prosper Australia says the figures highlight the need to rebalance the tax system so that unearned gains from land and natural resources contribute their fair share.“Australia’s land and…