The Project - Steve Price goes head to head with Catherine Cashmore


Would you support a vacancy tax?  Catherine Cashmore goes head to head with Steve Price on Channel TEN's "The Project"

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Read the article and see the Video here 

"Plans are afoot to make housing more affordable and raise money for social housing programs by taxing homes left vacant for 12 months, according to charity groups.

Prosper Australia’s 2015 Speculative Vacancies report suggested almost 25,000 dwellings were ‘demonstrably unoccupied’ in Melbourne in 2014.

Catherine Cashmore of Prosper Australia says the idea started as a broad-based land tax to replace other taxes. The idea is about taxing vacant housing in an effort to encourage that housing to be put to use, so that it doesn’t sit their with owners speculating on capital gains rather than trying to get rental income out of their property.

Cashmore says the report Prosper Australia puts together is based on water usage. The organisation collects water data from the three main water providers in Melbourne and it looks at housing that is reporting an abnormally low water measurement.

Tony Keenan, CEO of Launch Housing — an independent Melbourne-based community organisation working towards ending homelessness — has called for governments to implement a tax on homes left vacant for more than 12 months.

Keenan says there is a housing crisis in Melbourne and those unoccupied homes should be available on the rental market. He said any proceeds from a vacancy tax could be used to fund social housing initiatives.

He said Launch Housing’s South Melbourne service was working with a motel “full of families and kids” who had escaped family violence.

“None of those kids are in school,” Keenan told 774 ABC Melbourne.

“But the social harm that’s caused by not being able to house families quickly is immense.

“We think it’s quite reasonable to say: ‘Look, if you’ve got an investment property, rent it. If not, contribute to the social harm you are causing by not renting it’.”

But not everyone agrees.

Radio broadcaster Steve Price, who regularly panels on The Project, says, “We’ve got enough government interference in our lives and enough taxation without someone coming up with a dodgy idea like that.”

In discussion with The Project host Carrie Bickmore, who suggested that the idea of a tax was made more appealing because the monies raised would be going to social housing, Price said the argument could also be extended to include the homeless.

It’s a complicated issue, but one worth discussing."



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Cashmore & Co are experts in market cycles and property investment 

Catherine Cashmore has accrued many years experience working in the Australian real estate market. She is President of Australia's oldest economics organisation (Prosper Australia) and has lectured widely on the real estate cycle and the economics of land.

it's this knowledge that sets Cashmore & Co apart from other real estate agencies. 

Cashmore & Co won't 'spruik' the market, or try and convince you that it's always a good time to buy.

Rather, Cashmore & Co use their expertise to assist investors, home buyers, and developers to make wise decisions based on their individual budgets and unique circumstances. 

They simplify the buying process saving buyers thousands in negotiation, as well as preventing costly mistakes.

Many of our clients benefit from insider secrets we have gleaned from years of experience that buyers, sellers, and developers, simply do not have access to. 

You can’t help but accrue this kind of on-the-ground knowledge when you’re involved with literally dozens of purchases and sales each year.(And also when you have a rare knowledge of the long-term property cycle as your framework.)

Whether it’s getting into a suburb you thought was out of reach, saving a hundred grand by avoiding a too-good-to-be-true apartment pitch, or getting a foot through the door in a hot market, Cashmore & Co has all the practical property ‘hacks’ to place you ahead of the competition.

Investors not only gain assistance with their property investments, with Cashmore & Co they have access to a treasure trove of advice and strategies that help extract the maximum amount of wealth creation from the 18-year cycle that you will not get anywhere else. 

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About Catherine

Catherine Cashmore

Owner & Director

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Catherine Cashmore has been working in the Australian real estate market for over 14 years.

Originally from the UK, and having also lived in the US, Catherine has extensive experience across a range of international real estate markets.

As a buyer and seller advocate, Catherine has assisted hundreds of home buyers, investors, and developers, find, assess, and negotiate, quality real estate for great prices throughout Australia.

She is President of Australia's oldest economics organisation, Prosper Australia - an organisation that has conducted vast amounts of research into the economics of land, market cycles, and the intricacies of how tax and government policy affect the markets.

Catherine is a regular and highly respected media commentator. She has often been called upon to guest lecture at universities and educational institutions (including RMIT and Sydney University) on how tax policy affects the real estate market, the design of cities, and the economy.

She is the editor of Fat Tail Investment Research's Cycles, Trends, & Forecasts, Catherine Cashmore's Land Cycle Investor, and Catherine Cashmore's Real Estate Wealth Course – publications that teach real estate and stock market investors about the land cycle, its impact on the economy, and how to create wealth from property and stocks using this knowledge.

She is also one of the former editors of the extremely popular The Daily Reckoning Australia (or the ‘DR’ as it's affectionately known to its 60,000 subscribers).  The DR is an independent financial news broadcaster that has been in the business of reporting financial trends that shape the economy since 1999.

Previously authoring the annual ‘Speculative Vacancies’ report, the only study in the world that analyses long-term vacant housing based on water usage data (Australia-focused), Catherine has an in-depth knowledge of the Australian real estate market and economic environment few can rival.

You can contact Catherine directly on 0458 143 089 or at 

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