Seller Strike, Buyer Strike

1 May 2012 • ABS House Price Index -4.5% YOY • RBA interest rate cut -0.5% The solid new trend of falling house prices is confirmed by the ABS today with real prices now in retreat for seven quarters and the downward path accelerating. Property markets operate on a...

Repeal Stamp Duty!

Sign the petition The Victorian Government should remove stamp duty from the sale of property to increase housing affordability, support first home buyers and give the economy a much needed boost according to the Stamp Out Stamp Duty Campaign. The Stamp Out Stamp Duty...

Nine Quarters of Weak Land Sales

19 April 2012 Australia has experienced nine quarters of falling land sales volumes with the last five quarters flatlining forty per cent below long term averages. Current high land prices have no visible means of support and must fall, Prosper warns. The data was...

The Sunshine State at Sunset

Last month, I wrote about the staggering $2.4 billion losses by Lloyds Bank on their Australian real estate adventures and asked ‘Was Lloyds Bank the ONLY silly lender in Australia?’ Today, the Bank of Queensland posted their half-year report, showing losses of $91...

Land price too high

From the Canberra Times 5 April 2012. Your article “Capital’s housing prices highest in the country” (April 3, p1) was missing one very important word – land. As we move toward Canberra’s centenary celebrations it is time to reflect on the great wedge that is driving...