photo credit: Jakob E 28 September 2011 MELBOURNE:- 40,000 young families turned away from a lifetime of heavy debt and bitter disappointment in the last year refusing to accept Australia’s grossly inflated house prices, according to a survey overnight by…
photo credit: bonkedproducer The vendor-agent relationship is conducted behind closed doors, far from statistical analysis and horrid little sticky beaks like me. But fresh anecdotal evidence is coming quick and fast. The gap between vendor’s price expectations and market prices…
photo credit: Amarand Agasi Westpac Chief Economist Ted Evans nailed his colors to the mast with his optimistic report ‘Australian housing: the bubble myth’. Evans forecasts steady prices for the next two years while household incomes rise 7 per cent…
photo credit: h.koppdelaney By Philip Soos This article first appeared at www.theconversation.edu.au and is republished under Creative Commons. One aspect of housing and stock market bubbles continually repeats: the vast majority of economists either miss or deny their existence. In…
photo credit: Soon. 17 September 2011 MELBOURNE:- Exponential growth in the number of unsold properties overhanging the Melbourne market continues, up 18 per cent in the last month alone. “In the last five months ‘Stale Stock’ in Melbourne postcodes 3000-3207…
photo credit: sky_mitch State Treasury’s brief to the incoming Baillieu Government, the Blue Book, urges tax reform to drive Victoria’s competitiveness. The Blue Book has apparently been leaked to The Age. It strongly recommends lowering the burden of state taxes,…
photo credit: dcmaster Barry O’Farrell was elected Premier of NSW in March this year. His first budget announced Tuesday raised a storm of protest – not over a realignment of government priorities to his conservative Coalition’s agenda, but on Stamp…
photo credit: coba The taxing of alcohol allows slimy politicians to pound their chests about the damage the drug causes and claim high moral authority for sweeping the money into Consolidated Revenue. Slimy? Yes! Governments say alcohol taxes are a…
photo credit: Lionoche 1 September 2011 MELBOURNE:- The RP Data‐Rismark July Hedonic Home Value Index released yesterday confirms house prices are falling at an annualized 9.5 per cent. “The new downward trend in house prices is firmly established and will…
30 August 2011 MELBOURNE:- Massive hikes to the Fire Services Levy are a very poor way to fund bushfire preparations, says Prosper Australia. “While this move may appear sensible, if insurance premiums in fire-prone areas rise to the $1,000…