Media Releases
Steer Around the GFC
15 November 2012 The mining investment boom that carried Australia though the Global Financial Crisis is declining rapidly and new engines of growth are urgently needed to steer around the ‘Controlled Depression’ that is driving the world into a spiral of misery -...
CIV Rates Make Families Subsidize Land Speculators
17 October 2012 The survey of Victorian local government candidates conducted by Prosper Australia ahead of the 26 October election reveals few candidates understand where and how councils are funded. “We learned only a handful appreciate Site Value Rating is a...
Baillieu’s new Building Tax and Land Subsidy
“This reform means Victorians have a new building tax while the value of our fire service boosts the price of land.”
House prices stagnate
The ABS Eight Capital Cities House Price Indexes 6416.0 released today shows the property market is totally stagnant with prices unmoved, says Prosper Australia. “Property spruikers calling ‘Bottom!’ based on this data - and they will be – are misleading homebuyers....
Nobody wants a mortgage
11 July 2012 ABS Housing Finance data out today shows a 7.3 per cent fall in commitments to buy new-built houses in a singe month. This follows a 9.3 per cent fall the month before. "Established house price are now at such a discount to newly-built that buyers are...
Housing flips into oversupply: it’s official
3 July 2012 ABS Census data just released shows 1.1 million fewer households and 595,000 fewer houses in Australia than previous estimates; Morgan Stanley researchers calculate Australia now has a 341,000 OVERSUPPLY of houses. The Census revision obliged National...
Giant Savings in Don’t Buy Now!
26 June 2012 Homebuyers who took Prosper Australia’s advice – Don’t Buy Now! – exactly five quarters ago have typically saved themselves $64,000 from the fall in property prices compared to someone who bought. Major land price falls mean a smaller mortgage, saving a...
Speculative Vacancies in Melbourne Report: 2012
20 June 2012 There are 90,700 vacant houses in Melbourne - 5.9 per cent of the total - according to Earthsharing Australia's 5th annual Speculative Vacancies Report. "Our lazy land use makes a mockery of the drive for affordable housing," researcher Philip Soos said...
Broadacre Land Prices To Fall Hard
13 June 2012 Victoria Planning Minister Matthew Guy has made big land price falls on Melbourne's outskirts a certainty with his extension of the metropolitan boundary by around 7000 hectares. "The gaping chasm between developer supply and buyer demand has never been...
Seller Strike, Buyer Strike
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.
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