Home Buyer’s Strike and the Housing Bubble Bursts
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 commit at...ABS Confirms Falling House Prices
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 the new downward trend in house...Negative gearing is our ruin
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...POP! The real estate bubble has burst
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 to buy a simple...Republish this article
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