Australians debate property prices without end. Fortunes and future happiness pivot on the balance of supply and demand. Yet good statistics about this crucial matter are rare. There are many heavily geared investors in residential real estate cozying up alongside…
This is an article written for our Progress magazine. Grab a free trial subscriber’ship today. Download the Home Buyer’s Strike special edition. On March 15, Prosper announced to the media that first home buyers were on strike and refusing to…
The ABS House Price Index* released today confirmed house prices are falling, with both Brisbane and Melbourne down 2.5 per cent QoQ and the eight capitals down 1.7 per cent QoQ overall. “While the price fall is modest it confirms…
Negatively geared property investors have exposed themselves, our banks and the broader Australian economy to widespread capital destruction, says Prosper Australia campaign manager David Collyer. “The Great Australian Land Bubble has just burst. ‘Gearers will not be able to sell…
The Great Australian Land Bubble burst at 10.30pm AEST on Monday 11 April 2011, according to Prosper Australia campaign manager David Collyer. “The era of towering prices – of superhuman personal sacrifice by every young couple to fund a mortgage…
The number of homes offered and unsold for more than two months – known as stale sales – has ballooned across Melbourne, according to an analysis by Prosper Australia of figures released by SQM Research. “Don’t touch them! Maintain the…
“I warn FHB’s, the agenda of the trolls is to blow one more puff into The Great Australian Land Bubble so they can sell out before the inevitable crash.”
The first home Buyers Strike announced by tax reform group Prosper Australia last week is being supported by debt-skeptic Steve Keen. “This is an excellent idea which I endorse,” Keen said on his website (1) yesterday. “It would be a…
“Two secure jobs and a good deposit are no longer enough to buy a home. First home buyers must make a life-long vow of poverty as well. It is irresponsible to expect such a sacrifice,” Collyer said. “Do not underestimate their anger and frustration at being denied land ownership and its civic benefits.”
“Thousands of would-be homebuyers have committed themselves to Prosper’s Buyers Strike and are now standing out of the market,” Prosper Australia campaigner David Collyer said today. “Our call for a buyers strike has gone viral over the internet – spread…