Tues May 10th, 7 -9pm Celebrating lower housing prices. Champagne and caviar for Home Buyers on Strike The bubble has popped so the champagne must be topped! Join us to celebrate falling house prices and the opportunity this offers generations of everyday people. A satirical seminar on the state of un-real estate featuring David Collyer, [...]
Tuesday May 3rd, 7pm Presenter: Tohm Curtis Where: Prosper Australia rooms, 1/27 Hardware Lane, Melbourne Entry: RSVP pls and gold coin entry (to cover drinks and nibbles) For four years we have been pointing to the hidden supply of privately held speculative land as a major issue for the ‘nowhere to live’ media cycle. Instead [...]
Today it has leaked that the Gillard Govt is sounding out the possibilities for reforming the detested negative gearing: THE Gillard government has sounded out unions over steps to cool Australia’s housing market, with measures that range from a new sales tax for investors sitting on large property portfolios, to curbing the popular strategy of [...]
Negatively geared property investors have exposed themselves, our banks and the broader Australian economy to widespread capital destruction, says Prosper Australia campaign manager David Collyer. “The Great Australian Land Bubble has just burst. ‘Gearers will not be able to sell their holdings into the market fast enough to protect their equity. This group faces financial [...]
photo credit: Super Doily As published in yesterday’s Online Opinion As if out of thin air, a magical 46 per cent more property was offered for sale in February than a year earlier. Like the heavens opening after a long drought, desperate first home owners must have been thanking their lucky stars. Let’s repeat that. [...]
The Great Australian Land Bubble burst at 10.30pm AEST on Monday 11 April 2011, according to Prosper Australia campaign manager David Collyer. “The era of towering prices – of superhuman personal sacrifice by every young couple to fund a mortgage to buy a simple home – has just come to an end,” Collyer said. “Now [...]