photo credit: ausemade 26 October 2011 Melbourne:- The Kavanagh-Putland Index, which examines the ratio of property sales to GDP, has fallen to a 12-year low. A fall in market turnover precedes a fall in land values by one to two quarters, which then foreshadows recession. “The ratio of property sales to GDP has suffered its […]
The currently deflating land bubble will erase wealth with dazzling speed. Sadly, striking falls in land values will have a greater impact on Australian wealth than any other advanced country.
18 October 2011 MELBOURNE:- “House prices are falling in Melbourne faster than US prices did when that property bubble burst,” Prosper Australia Campaign Manager David Collyer said today. “The enormous housing oversupply and sudden buyer caution have dramatically switched the Australian trend. Anyone standing aside from the market will have saved themselves an average $50,000 […]
The Kavanagh Putland Index Dr Gavin Putland Thursday Oct 20th, 6.30pm 1/27 Hardware Lane RSVP pls to this free event. Dr Gavin Putland will analyse the size of the Australian land bubble in the context of previous land booms. This indicator compares bubbles in relative terms by dividing land sales by GDP, reflecting the size […]
photo credit: tm-tm On Sunday 9 October, The Sunday Age published an article by Chris Vedelago Buyers Nibble but No Big Bite. I would link, but can’t see it in The Age online. Here are the money quotes: “But a survey conducted by The Sunday Age found that only 35 per cent of properties actually […]
photo credit: Steve – wants a job at Chester Zoo MELBOURNE and CANBERRA:- Australians had high hopes the Tax Forum would herald the end of taxes that distort and diminish economic activity as Ken Henry recommended. Sadly, these hopes have been dashed, says Prosper Australia. “Citizens are taxed too much – especially the income tax […]
In the buildup to this Sunday’s screening of Real Estate 4 Ransom… 2.15pm – Meet at roundabout at Cnr of Queen St & Franklin St (near the south end of Vic Mkt) for Melbourne’s Magic Money tour 3.30 – Federal Greens MP Adam Bandt will open the film 4.10 – Directors Karl Fitzgerald & Gavin […]