David Collyer

The Tide Turns. The Media Awakes.

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photo credit: midlander1231   For too long, the media eagerly reported the property spruikers’ claim ‘prices only go higher’. This ‘truth’ turned homeowners into speculators and led a whole generation of first home buyers to commit to enormous mortgages they will only pay off after thirty years of unrelenting sacrifice. This week the public story […]

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It’s official: Australia’s house prices the highest in the world!

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photo credit: Congratulations Citizens! The Economist says your home is the most expensive among the advanced countries we generally compare ourselves with. Before you puff out your chest in pride, consider what this means. Mortgage repayments are the heaviest in the world, leaving the least disposable income for food, clothing and transport. This is a […]

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The Cost of Living – Somewhere, Anywhere

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  photo credit: MarcelGermain Should I buy now or rent and save a bigger deposit while I wait? Houses cost money. How much should they cost? These are long-life assets and the price paid can change a lot. Good timing can lead to a lifetime of heavy debt repayment or a life of ease. There […]

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Tax reform is hard and dreary work.

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photo credit: Cayusa   Tax reform is hard for government: losers complain loud and long, while those who will benefit are suspicious and silent. We should be angry as hell about the tax system.  It scoops up the earnings of the poor but merely nips at what the wealthy make. That’s why the Victorian Treasury […]

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Steve Keen the Property Prophet predicts doom and shows why.

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Unconventional prophets are often vilified, particularly in their own country. Steve Keen is no exception.  He is one of only a handful of academic economists to contest the rah rah rah of the property spivs who claim – wrongly and misleadingly – that real estate prices move in just one direction.  Keen is regularly sought as a speaker and […]

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Six Factors to Flip Negative Gearing into Negative Equity – Someone’s Going to Get Hurt

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  The Australian Tax Office has released figures on the extent of negative gearing in Australia ahead of the Henry Tax Review. This is no accident. They are preparing the ground for Ken Henry’s changes. The picture drawn is not pretty: it shows the nation’s ‘aspirational’ landlords, heavily weighted with borrowings, perched on a twig, […]

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Put away that cheque book, home buyers

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photo credit: UGArdener   This morning, Reserve Bank of Australia Governor Glen Stevens appeared on Seven Network’s Sunrise program to talk up interest rates and talk down the property market. Using tabloid television to broadcast RBA views is unprecedented. It prefers to communicate via densely written statements, opaque economic speak and background briefings to senior […]

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Kansas City sees the light!

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photo credit: CoolValley A major tax battle is underway in Kansas City, Missouri. A petition to eliminate the city’s earnings tax worth $200 million a year has opened minds to the introduction of Land Tax. Read The Kansas City Star’s excellent analysis

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