Prosper Australia

26 July 2011 MELBOURNE:- “In the last three months alone, ‘Stale Stock’ in Melbourne postcodes 3000-3207 has ballooned from 19,800 to 31,600,” Prosper Australia Campaign Manager David Collyer said today. ‘Stale Stock’ is property on the market for more than sixty days and unsold. Gardens have been primped, interiors polished up, advertisements run, open for [...]

14 July 2011 MELBOURNE:- “Falling land sales further signal the ending of The Great Australian Land Bubble,” Prosper Australia Campaign Manager David Collyer said today. Australian land sales volumes have fallen for the last six quarters, according to Housing Industry Association/RP Data statistics released this morning. “The HIA’s blaming government charges for high land prices [...]

photo credit: yewenyi “The mismanagement of both the federal tax powers and Australia’s natural assets by the Gillard government is sickening,” Prosper Australia Campaign Manager David Collyer said today. “They are allowing the miners to gouge our country twice.” “Treasury modelling estimated the new mining tax negotiated by the Gillard government will bring in $100 [...]

photo credit: mugley The Baillieu government has just received a major report into Victoria’s economic efficiency that offers a clear path to redesign state taxes, advance living standards and make Victoria an absolute magnet for employment and investment. “Ted Baillieu can write history and be Victoria’s Great Architect through tax reform.” Prosper Australia Campaign Manager [...]

MELBOURNE:- The worst fears of real estate agents and property vendors has arrived: the orderly sale of property has broken down. A twenty year uptrend made Australian real estate ‘most severely unaffordable’ and a Ponzi scheme propelled by consumer debt. Prosper says prices are now in free-fall. “Anyone buying at current prices is a damn [...]

2 June 2011 MELBOURNE:- Homes available for sale across Australia are up 68 per cent on last year while sales volumes have slipped dramatically. The real estate industry has immediately flipped its argument and is calling a ‘buyers market’. “Not so fast!” Prosper Australia campaign manager David Collyer said today. “The supply of houses for [...]

The ABS House Price Index* released today confirmed house prices are falling, with both Brisbane and Melbourne down 2.5 per cent QoQ and the eight capitals down 1.7 per cent QoQ overall. “While the price fall is modest it confirms the new downward trend in house prices is firmly established and will proceed rapidly from [...]

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 [...]

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 [...]

The number of homes offered and unsold for more than two months – known as stale sales – has ballooned across Melbourne, according to an analysis by Prosper Australia of figures released by SQM Research. “Don’t touch them! Maintain the Buyers Strike!” Prosper Australia campaign manager David Collyer warned first home buyers today. “The stock [...]