photo credit: Ferdinand Reus Saturday 11th February 10.15 for a 10.30 start. Conclude by 4pm Prosper Rooms, Lvl 1/ 27 Hardware Lane, Melb Facilitator: Raymond Makewell A Georgist seminar on the principles of economics as if society mattered. How is wealth produced? Is...
BLOG: Commentary
Housing bubble trouble: separating facts from fiction
Reprinted from academic e-zine The Conversation In a previous article, I analysed four of the common arguments used by those who deny there is a bubble in Australia’s residential property market. The bubble deniers have employed other explanations for the largest...
Change or suffer
Australian land prices are falling. They will continue to fall until their fundamental economic link to incomes and rents are fully restored. Many with large mortgages will be crushed by these towering liabilities when their equity is erased. This claim is bitterly...
Whose side are you on, young man???
photo credit: bonkedproducerThe vendor-agent relationship is conducted behind closed doors, far from statistical analysis and horrid little sticky beaks like me. But fresh anecdotal evidence is coming quick and fast. The gap between vendor’s price expectations and...
Dual incomes – capitalized or decapitated
photo credit: Amarand AgasiWestpac Chief Economist Ted Evans nailed his colors to the mast with his optimistic report ‘Australian housing: the bubble myth’. Evans forecasts steady prices for the next two years while household incomes rise 7 per cent pa, “setting a...
Melbourne ‘Stale Stock’ hits 70,800
photo credit: Soon.17 September 2011 MELBOURNE:- Exponential growth in the number of unsold properties overhanging the Melbourne market continues, up 18 per cent in the last month alone. “In the last five months ‘Stale Stock’ in Melbourne postcodes 3000-3207 has...
Right of Reply – R4R in Fairfax
Our documentary was reviewed on Friday in Real Estate 4 Ransom by Age property journalist Chris Vedelago. It was the most read Domain article nationally over the weekend. We have received hundreds of emails from people eager to see the film. We are doing our best to...
House Prices falling at 9.5%: Don’t Buy Now!
photo credit: Lionoche1 September 2011 MELBOURNE:- The RP Data‐Rismark July Hedonic Home Value Index released yesterday confirms house prices are falling at an annualized 9.5 per cent. “The new downward trend in house prices is firmly established and will proceed...
Damn lies and Statistics
The battle over auction clearance rate statistics just turned into war. SQM Research' Louis Christopher - one of the few straight shooters in the real estate statistics game - has just issued this broadside in the SQM Research Newsletter. And he is right. We quote it...
Australia’s Wile E. Coyote Moment
Poor Wile E. Coyote’s cunning plans never produced a meal. He invested everything, but always went over a cliff or was holding the exploding bomb. Warner Brothers mercilessly milked the moment he realizes his plot has failed – his defeated dreams had us children...