Open Letter to Matthew Guy, Please Explain Why Housing is for Hocking

by on November 14, 2014

Dear Matthew, this week we released our 7th Speculative Vacancies report – Empty Investment Homes Ignored, finding 46,836 empty homes in Melbourne. Read the press release. Despite your valiant efforts in bending over backwards to provide extensive land re-zoning both in the outlier suburbs and here in the CBD, a fundamental economic problem is undermining your […]

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Sydney brick-maker says “It’s all in the land.”

by on November 26, 2014

The AFR today reports Brickworks Ltd calling for steep increases in Sydney land supply to assist affordability for homemakers. Developers on the outskirts of all the major Australian cities are dribbling out lots piecemeal – stifling supply, household formation and economic activity. It is entirely rational for them to seek to maximise their profits in […]

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ASIC ignores reports of mortgage fraud by lenders

by on November 25, 2014

  by Paul Egan & Philip Soos- Co-Author’s ‘Bubble Economics: Australian Land Speculation 1830 – 2013’   Exuberant household credit growth over the last twenty years has a sinister dimension: the likelihood of widespread predatory lending and bank fraud. Every developed country, including Australia, has laws to regulate and hopefully prevent predatory lending, defined as providing credit […]

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Hoarding Without Consequence – transcription

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A transcription of the Renegade Economists interview with Catherine Cashmore, regarding the 7th Speculative Vacancies report. Read the show notes here. Subscribe to the weekly the Renegade Economists radio show, featuring Georgist insights we wish were on the mainstream media. Hoarding Without Consequence by Renegadeeconomists on Mixcloud Transcription Karl Fitzgerald: Alright listeners, you’ve heard it […]

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Negative Equity – Australia’s Wall of Pain

by on November 24, 2014

Recent stress-testing of Australian banks by the Australian Prudential Regulation Authority showed they would survive, though their capital would be sorely tested. This analysis did not take into account an important feedback loop: the erasure of the equity of heavily mortgaged borrowers. The AFR reports an AMP study: AMP Capital’s head of credit markets Jeff […]

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Nathan’s Story

by on November 20, 2014

My partner and I are 28. We went to an open for inspection of a house we liked and thought we could afford. We turned up just before he closed. There was an older couple there in their 50-60’s. The price was ‘from $600k+’ on the sign in sheet we left with him.  On it […]

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7/10 inner Melbourne Apartments owned by investors – ABC 24

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Catherine Cashmore discusses the 7th Speculative Vacancies report on ABC TV.

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Presentation – Speculative Vacancies report

by on November 19, 2014

Innovative Vacant Housing measure – Speculative Vacancies 2013 from Karl Below is Catherine Cashmore’s audio presentation for the event – the 7th Speculative Vacancies report. Click through the powerpoint slideshow in time to the mixcloud audio file below. (Unfortunately this is the only technology available at present.) See the event photos on facebook. Follow @earthsharing […]

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Australia’s twin economic diseases

by on November 18, 2014

Australia has two infections that compromise our economic health. Their remarkably similar symptoms – fever, delirium, impaired judgement – muddy diagnosis and hamper effective treatment. Most are familiar with ‘Dutch disease’, where a resource bounty – in Holland’s case off-shore oil and gas production – lifts a country’s exchange rate, makes other activity like manufacturing […]

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Livin’ the Dream!

by on November 14, 2014

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