Posts Tagged ‘affordability’

Why didn’t economists see Australia’s property bubble?

Tuesday, September 20th, 2011

photo credit: h.koppdelaney By Philip Soos This article first appeared at www.theconversation.edu.au and is republished under Creative Commons. One aspect of housing and stock market bubbles continually repeats: the vast majority of economists either miss or deny their existence. In recent years, enormous asset bubbles have burst in many countries. The most notable have been [...]

Prosper affirms ‘Don’t Buy Now!’ warning

Thursday, August 18th, 2011

photo credit: :: Hello Mizu ::     18 August 2011 MELBOURNE:- Landowners are about to be economically decimated as Australia’s severely unaffordable house prices reverse, says Prosper Australia. ‘Stale Stock’ on the market in Melbourne is growing exponentially The sheer volume of unsold property is now indigestible Recent price falls must accelerate “We confirm [...]

Overindulgence has its consequences.

Wednesday, August 10th, 2011

There are currently 377,300 houses for sale across Australia, according to SQM Research data released today – up 21.9 per cent on last year. Why is this significant? Well, we have some 8.9 million houses. A quick back of the envelope calculation tells me 3.79 per cent of all our houses are for sale right [...]

Australia has over 125,000 excess houses

Friday, August 5th, 2011

photo credit: Dean Terry 5 August 2011 MELBOURNE:- “Australia’s housing undersupply myth has just been exposed. We have overbuilt more than the USA,” Prosper Australia Campaign Manager David Collyer said today. “Prosper calculates Australia now has over 125,000 excess dwellings. “Fresh analysis of ABS data by Philip Soos for Prosper Australia and comparison with peer [...]

Melbourne housing ‘Stale Stock’ explodes

Tuesday, July 26th, 2011

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 [...]

Take your positions, please

Thursday, June 9th, 2011

A debate is a chance to crunch opposing views. Strong ideas advance and poor ones are discarded. Good. But when participants and audience have already made up their minds, fresh argument goes nowhere. The Money Institute’s big debate in Sydney on Tuesday asked – Will the Australian Property Market Crash? The audience were dragged over [...]

A feast of houses – at the old price

Thursday, June 2nd, 2011

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 [...]

Can You Smell the Fear?

Thursday, May 26th, 2011

On Tuesday, SQM Research released their forecast for house price movements this year. Louis Christopher is as dour as a maiden aunt.

Trolls swarm ‘Buyers Strike’

Thursday, March 31st, 2011

“I warn FHB’s, the agenda of the trolls is to blow one more puff into The Great Australian Land Bubble so they can sell out before the inevitable crash.”

Buyers Strike finds heavyweight backing

Sunday, March 27th, 2011

The first home Buyers Strike announced by tax reform group Prosper Australia last week is being supported by debt-skeptic Steve Keen. “This is an excellent idea which I endorse,” Keen said on his website (1) yesterday. “It would be a foolish personal decision to take out the size of loan now required to enter the [...]