Prosper Australia

A former mortgage broker – who is now facing fraud charges – has blown the whistle on predatory lending practices in Australia’s financial services industry.

Republished with thanks from The Conversation One question that arises on the topic of real estate is the scale of foreign investment and ownership in Australia. It is understandable that the public has concerns about such investment, especially as precious little information is available. An interesting case arose late last year as Chris Vedelago, The [...]

Reprinted from The Conversation One of the more interesting outcomes the 2011 Census produced was the figures concerning the housing market. The reason for this interest is how the results contrasted with the idea that Australia currently suffers from an acute housing undersupply or shortage. Taking the lead in promoting this idea is the National [...]

“The greatest source of redistribution to the rich occurs through the land market, which is usually the largest tangible market in modern economies.”

Reprinted from The Conversation. Since the beginning of the global financial crises in 2007, there have occurred numerous economic and financial crises around the globe, plunging often prosperous nations into hardship and even near bankruptcy. These crises, typically generated by overlending by the financial sector and crashing housing bubbles, are often blamed upon two parties [...]

Philip Soos notes eight of the nine substantial property price increases over the last 131 years have resulted in a decline. He can’t see why the largest increase on record would not precede another drop now. Soos does not buy the argument that Australia is suffering from a “chronic housing shortage”, saying property prices have continually experienced boom-bust cycles regardless of population growth.

Young academic Philip Soos is an outspoken critic of those who seek to ‘game’ Australia’s land market. This scathing indictment from The Conversation today. Conflicts of interest undermine the quality of advice and policy. It is critical to the functioning of markets and government that parties involved are free of conflicts, especially monetary ones. We [...]

Philip Soos’ latest withering attack on privilege from The Conversation today. Over the last year or so, the Occupy movement has garnered wide attention, with people of all backgrounds gathering to protest the deteriorating social conditions. However, these grievances have been running for decades. The bottom 80% of US income earners have seen their wages [...]

Reprinted from academic e-zine The Conversation In a previous article, I analysed four of the common arguments used by those who deny there is a bubble in Australia’s residential property market. The bubble deniers have employed other explanations for the largest run-up in prices in Australia’s 131 years of land sales records. Restrictive government regulations [...]