Nobody wants a mortgage
11 July 2012 ABS Housing Finance data out today shows a 7.3 per cent fall in commitments to buy new-built houses in a singe month. This follows a 9.3 per cent fall the month before. “Established house price are now at such a discount to newly-built that buyers...Housing flips into oversupply: it’s official
3 July 2012 ABS Census data just released shows 1.1 million fewer households and 595,000 fewer houses in Australia than previous estimates; Morgan Stanley researchers calculate Australia now has a 341,000 OVERSUPPLY of houses. The Census revision obliged National...Giant Savings in Don’t Buy Now!
26 June 2012 Homebuyers who took Prosper Australia’s advice – Don’t Buy Now! – exactly five quarters ago have typically saved themselves $64,000 from the fall in property prices compared to someone who bought. Major land price falls mean a smaller mortgage, saving a...Speculative Vacancies in Melbourne Report: 2012
20 June 2012 There are 90,700 vacant houses in Melbourne – 5.9 per cent of the total – according to Earthsharing Australia’s 5th annual Speculative Vacancies Report. “Our lazy land use makes a mockery of the drive for affordable housing,”...Republish this article
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