Housing Bubble – Don’t Buy Now!

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David Collyer’s edited presentation from our Northcote Town Hall event earlier this year. With a jump in job losses last quarter, stock levels at near record levels, land supply in abundance and over 90,000 vacant properties here in Melbourne, one wonders how long Negative Gearing investors can hold these properties empty in lieu of capital […]

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Written Off: Negative Gearing

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Tuesday Oct 2nd, 6.30pm 1/27 Hardware La, Melbourne Presenter: Philip Soos RSVP $5 entry Does Negative Gearing increase rental supply? Is it a path to wealth or a black hole? Download the full report (PDF) Philip Soos has assembled an extensive array of data to dispute the policy’s effectiveness in delivering housing affordability. Julia Gillard’s […]

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Land Tax Stability

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The education of the public via mainstream media continues to grow with Jessica Irvine writing in the Herald Sun today: “State governments do apply some land taxes, particularly on investment properties. But a major recommendation of the Henry review was for a broader land tax that could go a long way to providing state governments […]

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Banking on Land Rent

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by Dirk Bezemer and Michael Hudson As published in the World Economic Association’s World Economic Review Vol #1. Borrowed from Michael Hudson’s website, where you can find details of his new book The Bubble and Beyond. ABSTRACT Current macroeconomics ignores the roles that rent, debt and the financial sector play in shaping our economy. We […]

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Renovating for fun and profit

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Toby Johnstone in the Sydney Morning Herald is at it again, suggesting renovating for profit in Sydney makes sense. On September 8 he profiled 50 Princes Street Bexley where a bright-eyed couple spent 5 years reclaiming a ‘swamp’. The property is now for sale at $630-680,000. The higher figure is probably the real vendor expectation. […]

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Leith van Onselen on Australia’s Macro Housing conditions

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Last week’s 121st Annual Henry George Commemorative dinner was a success with 70 in attendance. The audio from Leith van Onselen’s presentation was recorded and edited into his arresting powerpoint. Press play and enjoy the analysis. Macro housing conditions – the long-term outlook for the Australian housing market from Karl The Q & A following […]

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Not the Queensland Budget Speech

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. . . … Madam Speaker, if the Government is to balance the Budget in these difficult times, it cannot afford to indulge in forms of taxation that shrink the economy from which all public revenue is drawn. In some allegedly “conservative” circles, it has been argued — apparently with a straight face — that […]

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Telling the RBA like it is

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Reprinted from On Line Opinion 6 Sept 2012 The apathy of economists about the costs and burdens imposed upon modest citizens is staggering, as though this is their natural lot and there is nothing to be done. Housing is a perfect example. We see young adults rejecting home-ownership because without future price appreciation, taking on […]

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https://prosper.org.au/2012/09/