This will end in tears

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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 […]

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Damn lies and Statistics

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The battle over auction clearance rate statistics just turned into war. SQM Research’ Louis Christopher – one of the few straight shooters in the real estate statistics game – has just issued this broadside in the SQM Research Newsletter. And he is right. We quote it in its entirety: SQM Research Newsletter dated 26 July […]

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Melbourne housing ‘Stale Stock’ explodes

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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 […]

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Real Estate 4 Ransom trailer

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Screening August 10th at ACMI cinemas, Federation Square. Read more www.realestate4ransom.com

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Land Sales Volumes Fall – Good!

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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 […]

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Australia’s Wile E. Coyote Moment

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Poor Wile E. Coyote’s cunning plans never produced a meal. He invested everything, but always went over a cliff or was holding the exploding bomb. Warner Brothers mercilessly milked the moment he realizes his plot has failed – his defeated dreams had us children roaring with laughter. Australia’s property market is pedalling air. Buyers have […]

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Mining Sovereignty Sold

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photo credit: AveLardo Letter to the Editor – The Age Bryan Kavanagh, Glen Waverley It’s sickening to see the two major parties compete to sell Australians out as they kow-tow to foreign interests in connection with our natural resources. As Julia Gillard accedes to the requirements of the big miners, Tony Abbott says she’s still […]

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https://prosper.org.au/2011/07/