Prosper Australia

  Last week I offered a solution to the blight caused by vacant or disused sites in central Melbourne. Everyone is diminished by landowners leaving valuable land unused while they agitate for rezoning profits. The Age’s Bruce Guthrie hopped into the discussion for a hand-wringing but offered no solution.  The problem would be reduced by [...]

  A fact-free defence of urban planners in The Conversation yesterday has left me fuming about how this group is immersed in process and blind to The Game being played around them. The Game boosts land prices, creates serviced land shortages and impoverishes all who need shelter. Planners are proud to quickly turn around conforming applications.  [...]

  7 March 2013 Prosper Australia today issues its update of ‘Englobo’ holdings of listed property developers (attached), as revealed in their audited half year accounts recently released to the Australian Stock Exchange. Based on last year’s sales – the current pulse of activity – listed developers hold an average 20.4 years supply, up from [...]

Governments in China, Hong Kong and Singapore are acting to curb property speculation. Zero Hedge comments: The reason for this “hot money” phenomenon is the easy money policy adopted by all the world’s central banks (except for the PBOC of course, which is forced to stick with reverse repo-based ultra short-term money injections), coupled with [...]

  by Philip Soos For those interested in the Australian residential property market, below are a collection of figures illustrating long-term trends. Housing prices and land values are compared to a basket of fundamental metrics. Australians are fortunate because much data on real estate and financial markets are publically available, going into depth not seen [...]

That’s what the locked out generations may well name Self Manged Super Funds in time. With all the talk about superannuation reform coming out of Canberra, we thought it timely to ask why the latest in speculative subsidies isn’t under review? The ability to buy residential real estate with a capital gains exemption via a [...]

30 January  2013   Prosper repeats its call for timely, national data on property sales to be collected by the Australian Bureau of Statistics. “Buying and selling houses in Australia suffers from ‘information asymmetry’ – some participants know a lot more than others about current market prices,” David Collyer Campaign Manager Prosper Australia said today. [...]

  The latest annual Demographia International Housing Affordability Survey ranks all Australian capitals as Severely Unaffordable. They’re right and the statistics back them. Housing has two elements, the building and the land.  What fluctuates is the land price; structures are worth only what they cost to build.  High land prices mean current buyers are committing [...]

  By Philip Soos Is Australia’s residential property market in a price bubble? This question has been much debated over recent years as housing prices leaped then slowly receded, resulting in entrenched views on both sides. Certainly, mainstream opinion is opposed to the idea that a housing bubble exists, with the government, FIRE sector (finance, [...]

13 December 2012 Citizens deserve the truth: property prices are down -8.6 per cent nationally in real terms. Removing inflation from real estate prices reveals falls from peak of -11.2 per cent in Melbourne and -11.6 per cent in Brisbane in real terms, according to fresh analysis by researcher Philip Soos, deflating the ABS house [...]