This is an article written for our Progress magazine. Grab a free trial subscriber’ship today. Download the Home Buyer’s Strike special edition. On March 15, Prosper announced to the media that first home buyers were on strike and refusing to commit at current inflated prices. This campaign was created as a warning to naive buyers [...]
photo credit: Karsoe The new Victorian Liberal Government’s move to provide a 20% cut to Stamp Duty will have bankers wringing their hands. The market price for a house will vary little. There will be no saving for First Home Buyers. A 20% reduction for barely 15% of the market (FHO’s) will not be enough [...]
photo credit: The-Lane-Team The rising number of ghost auctions (unreported auctions not called in by real estate agents) is distorting the housing market. The REIV’s weekend clearance rate was 57% on 480 auctions. However, 102 were ghost auctions and not included in this figure. Being fiscally conservative, one should automatically add these to the denominator. [...]
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, [...]
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 [...]