Prosper Australia

photo credit: Soon. 17 September 2011 MELBOURNE:- Exponential growth in the number of unsold properties overhanging the Melbourne market continues, up 18 per cent in the last month alone. “In the last five months ‘Stale Stock’ in Melbourne postcodes 3000-3207 has exploded, from 19,800 to 45,499 properties. In the wider Melbourne and environs, 70,856 houses [...]

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 [...]

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 [...]

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 [...]

photo credit: tinou bao 27 July 2011 The AMP/NATSEM report on housing affordability released today draws a clear picture of Australia’s house price dilemma. It fails, however, in concluding house prices will remain stable for a decade while real incomes catch up. “This survey ignores the contradictions within this wildly overheated market,” Prosper Australia Campaign [...]

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 [...]

photo credit: atomicshark “The devil is in the details.” German Proverb A fascinating paper on Manhattan real estate in the 1920-39 era shows why property went down, stayed down and didn’t recover in real terms until 1960. ‘Real Estate Prices During the Roaring Twenties and the Great Depression’ by Nicholas and Scherbina makes a chilling [...]

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 [...]

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 [...]

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