Another day, another parliamentary inquiry - Cashmore and Collyer


Catherine Cashmore and David Collyer present to The House of Representatives economic committee inquiry into Home Ownership


The House of Representatives economic committee inquiry into Home Ownership was opened with fanfare and encouraging comments by chair John Alexander (Liberal, Bennelong):

“Some have said we are on track to becoming a Kingdom where the Lords own all the land and the biggest Lord will be King and the enslaved serf tenant is paying rent to the Lord to become wealthier. Is that an over-dramatisation or is it very, very close to the truth?”

This sits next to Prosper’s view that rent is a private tax landowners charge tenants, and land is the best tax base available to government. Could the committee see moving tax off labour and enterprise onto land would turbocharge economic activity?

Catherine Cashmore and David Collyer presented to the committee for Prosper Australia in Melbourne Friday 14 August.

The causes of Australia’s misery were outlined in our introductory remarks.

* Restrictive planning that directs buyers to a handful of locations
* A massive infrastructure deficit that makes greenfield land most unattractive,
* A staggering appetite for debt
* Very bad tax laws

We can fix the planning rules. We can build more infrastructure. We can regulate the banks to better judgement. But unless we change how and where we tax ourselves, land price booms and busts will continue to destroy lives.

Prosper Australia’s submission urges the Abbott government to impose a one per cent federal land tax – fully rebatable against state land tax paid – to oblige the states and territories to stop using taxes we know cause genuine economic injury.

The Commonwealth is entitled to argue this intervention is for sound economic reasons and dissipate the inevitable rentier political abuse.

We talked about planning and urban boundaries and Precinct Structure Zones; using land tax to prompt developers to sell rather than land-bank; and migrating Melbourne from a radial layout to a matrix.

At the end I raised Prosper’s key theme – Stamp Duty costs taxpayers $1.70 for each dollar raised, while State Land Tax costs 90c. Tens of billions of dollars are cast on the ground every year by Stamp Duty. A 1 per cent federal nil-exemption land tax, fully rebatable against State Land Tax paid, would oblige the states and territories to heed the consistent advice from the federal and state Treasuries: migrate taxes to land; end the deadweight losses in bad taxes like Stamp Duty, Payroll Tax and the cursed GST. Our country will flourish.

Will the committee take this advice back to government? We don’t know. But they cannot claim innocence about the very bad taxes imposed on us.

The full transcript is here.


Our Services

Buyer Advocacy

Buyer Advocacy

Whether you want us to bid at auction, or provide a comprehensive buyer advocacy service to search, asses and negotiate your ideal investment property or home, we tailor a plan ideally suited to your individual needs.

Read More


We have the expertise to assist with any type of development you are considering - large, or small - from concept to completion.

Read More

What our Clients are Saying

Catherine worked tirelessly in finding me a great property at a good price. She did things that I wouldn't have done (hours and hours of legwork) and more importantly, couldn't have done (organising the purchase before anyone else had even put in an offer). When I was ready to give up, Catherine kept working. I'm certain that I never would have been able to buy the same property within 10k of what we eventually settled at.... David
The expertise you bring are excellent and helped us understand the process and what to do and what not to do. You discussed at the beginning that by using you it will save us money and in our instance and the current environment of Melbourne’s market I believe you saved us $100,000 or enabled us to get into a suburb which going to auction would have gone way over our limit. You worked tirelessly to help us purchase a home.... Karen
“You impressed us from the start, especially compared with the other buyers agencies we approached…” - Raj

More Testimonials

Why use Cashmore & Co?

Our advocates and researchers are international experts on market and real estate cycles. 

With decades of experience working in the Australian real estate market Catherine Cashmore and her associates have lectured widely on the real estate cycle and the economics of investment.

Cashmore & Co use their expertise to assist investors, home buyers and developers.  They simplify the buying process saving buyers thousands in negotiation, as well as preventing costly mistakes.

Cashmore & Co's services and expertise will not only assist you to increase your wealth, but also educate you to become a better investor.

Please click here to see the range of services we offer. 

Or contact us for more information. 

About Catherine

Catherine Cashmore


Herald Sun Pic .jpg

Catherine Cashmore has been working in the Australian real estate market for over 14 years. As a buyer advocate, she has assisted hundreds of Australian home buyers and investors to secure quality real estate for the best possible price. Originally from the UK, and having lived in the US, Catherine is a seasoned traveller who has extensive experience across a range of international real estate markets for those interested in property investment overseas.. 

As President of Australia's oldest economics organisation, Prosper Australia, Catherine is a regular and highly respected media commentator and often called upon to give guest lectures to university students (including RMIT and Sydney University) on how tax policy affects real estate, the design of cities and the economy.

She is editor of Port Philip Publishing’s 'Cycles, Trends, & Forecasts' – a publication that teaches real estate investors about the land cycle and its effects on the economy. She is author of ‘Speculative Vacancies’, the only study in the world that analyses long term vacant housing based on water usage data (Melbourne focused). As such Catherine has an in depth knowledge of the Australian real estate market, few can rival.

You can contact Catherine directly on 0458 143 089 or at



Meet the Team

Please contact us for more information
or call us on +61 458 143 089

Contact us for More Information

Contact Us