Speculative Vacancies 8 – the Empty Properties Ignored by Statistics
Wednesday Dec 9th, 6.30pm
Presenter: Catherine Cashmore
Venue: Our new premises – Level One, 64 Harcourt St, North Melbourne
RSVP – limited seats
Report author Catherine Cashmore has delivered an extensive investigation into the state of a housing market in turmoil. In what other market could the two pricing indicators – prices and rents – be working in opposite directions? She demonstrates how the role of speculation has split the market from reality, revealing the hidden supply of housing delivering billions in unearned income.
We cannot have a serious conversation about Australia’s housing supply ‘crisis’ without addressing the fundamental drivers that permit – no-less encourage – owners to lay a significant proportion of prime urban land to waste.
Our eighth report into vacant housing supply will again turn heads at the vast numbers of empty properties abounding in the face of the housing frenzy. The findings are right up there with our highest numbers.
The report investigates the vacant properties that act to enforce scarcity, pushing prices higher than need be. We use abnormally low water consumption as a proxy for vacancy.
We look forward to seeing you at the first public function in our new office space. This is a free event – donations appreciated.