Latest News & Commentary
Banks Say Thanks to Bailleu for Cutting Stamp Duty
photo credit: Karsoe The new Victorian Liberal Government's move to provide a 20% cut to Stamp Duty will have bankers wringing their hands. The market price for a house will vary little. There will be no saving for First Home Buyers. A 20% reduction for barely 15% of...
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...
Ghost Auctions Cloud Genuine Auction Clearance figure
photo credit: The-Lane-Team The rising number of ghost auctions (unreported auctions not called in by real estate agents) is distorting the housing market. The REIV's weekend clearance rate was 57% on 480 auctions. However, 102 were ghost auctions and not included in...
Pop the Housing Bubble Party
Tues May 10th, 7 -9pm Celebrating lower housing prices. Champagne and caviar for Home Buyers on Strike The bubble has popped so the champagne must be topped! Join us to celebrate falling house prices and the opportunity this offers generations of everyday people. A...
Negative Gearing reform proposals much needed
Today it has leaked that the Gillard Govt is sounding out the possibilities for reforming the detested negative gearing: THE Gillard government has sounded out unions over steps to cool Australia's housing market, with measures that range from a new sales tax for...
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...
Property Supply Magic
photo credit: Super Doily As published in yesterday's Online Opinion As if out of thin air, a magical 46 per cent more property was offered for sale in February than a year earlier. Like the heavens opening after a long drought, desperate first home owners must have...
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 home...
Lobby Your MP on Housing Affordability
Your name: Your email address: Subject: Your local member of parliament Tony Abbott (Warringah) Dick Adams (Lyons) Anthony Albanese (Grayndler) John Alexander (Bennelong) Karen Andrews (McPherson) Kevin Andrews (Menzies) Bob Baldwin (Paterson) Adam Bandt (Melbourne)...
Home Buyers Strike video
David Collyer tells it as it is - Don't Buy Now - the housing market is faltering. Help get this urgent message out to prospective home buyers - do not buy at the top of the market. Do not believe property spruikers who have a vested interest in stating 'property...
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