16 December 2011 MELBOURNE:- The number of properties offered for sale and unsold in Melbourne continues to grow. In the last 30 days ‘Stale Stock’ has risen 4.2 % to 94,467, after 6.2% growth last month. This follows a 20.4 per cent rise in September and an 18 per...
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Melbourne ‘Stale Stock’ getting smelly
photo credit: Ennor17 November 2011 MELBOURNE:- The number of unsold properties in Melbourne has risen another 6.2 per cent in the last month, following a 20.4 per cent rise earlier, and an 18 per cent rise the month before that. “’Stale Stock’ on the market is up a...
A nation renting
Developer Levies drive up land prices
10 November 2011 MELBOURNE:- The Growth Corridor Plan announced by the Baillieu Government presents Melbourne with big challenges. How to pay for the massive infrastructure needed is front and centre - and unmentioned in the Plan. “Demand for new and better transport...
Imminent recession forecast by Kavanagh-Putland Index
photo credit: ausemade 26 October 2011 Melbourne:- The Kavanagh-Putland Index, which examines the ratio of property sales to GDP, has fallen to a 12-year low. A fall in market turnover precedes a fall in land values by one to two quarters, which then foreshadows...
House price falls steeper that the US
18 October 2011 MELBOURNE:- “House prices are falling in Melbourne faster than US prices did when that property bubble burst,” Prosper Australia Campaign Manager David Collyer said today. “The enormous housing oversupply and sudden buyer caution have dramatically...
No Reform – Paradise Postponed
photo credit: Steve - wants a job at Chester ZooMELBOURNE and CANBERRA:- Australians had high hopes the Tax Forum would herald the end of taxes that distort and diminish economic activity as Ken Henry recommended. Sadly, these hopes have been dashed, says Prosper...
Un-Taxed Privilege
photo credit: rubenerd29 September 2011 MELBOURNE:- Vested interests are determined to stifle reform of the government revenue base at the Tax Forum next week, says Prosper Australia. “The government has lined up industry representatives and lobby peaks – all to plead...
40,000 First Home Buyers On Strike
photo credit: Jakob E28 September 2011 MELBOURNE:- 40,000 young families turned away from a lifetime of heavy debt and bitter disappointment in the last year refusing to accept Australia’s grossly inflated house prices, according to a survey overnight by website...
Please, Please, Mr Premier!
photo credit: sky_mitchState Treasury’s brief to the incoming Baillieu Government, the Blue Book, urges tax reform to drive Victoria’s competitiveness. The Blue Book has apparently been leaked to The Age. It strongly recommends lowering the burden of state taxes,...