a running list of warnings

Livin’ the Dream!

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Australia’s Addiction to Private Debt

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    by Philip Soos and Paul D. Egan A perennial and divisive issue in politics and economics today is the matter of public debt. It is commonly asserted that rising public debt threatens the economy and needs to be reined in. Governments are often portrayed as ‘irrational’ actors when they incur a fiscal deficit, […]

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Over the BBQ

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They couldn’t afford a new house, but they could afford two. Plus they get the “tax benefit” of negative gearing the rental, which we know is a crock, and they’re doubly leveraged.

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The Reserve Bank of Blackjack

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The lack of intervention by the RBA over recent years has left the Australian banking system facing an inevitable confrontation. A confrontation that will suck the very life out of the Australian economy; and our way of life. Lets face it, incomes, and GDP are simply not keeping up with the banks toxic spending binge.

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Negative Gearing is costing you a lot more than you think

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In Sydney where the ABS says established houses are a median $670,000, at least $64,000 of that is due to ‘gearer competition displacing homebuyers via price. Given Sydney is ground zero of ‘gearer displacement, this is likely a gross underestimate of the price consequences.

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Australia’s Magic Pudding

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The price of allowing FHBs to access superannuation creates some real winners: existing landowners, banks and the handful of buyers able to buy before the land-price jaws inevitably snap shut again. Everyone else loses – now and in retirement.

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Australian property through foreign eyes

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By Catherine Cashmore, a market analyst, journalist, and policy thinker, with extensive industry experience in all aspects relating to property. Follow Catherine on Twitter or via her Blog. I had the good fortune to meet two investors from Dallas Texas last week – visiting in part, to survey the Australian real estate terrain and in return, provide a unique […]

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The Senate Housing Affordability Inquiry: Prosper’s submission

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Australia has blown a land bubble of immense size.  This troubling reality has finally come to the attention of the Senate and obliged it to examine the matter. Prosper Australia’s submission to the Senate Housing Affordability inquiry examines nine key economic measures of housing affordability and finds all at or near historic highs.  Rather than housing […]

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House prices, not wages, is the bigger issue

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Letters, Australian Financial Review  15 January 2014  p33    Peter Pitt (“High wages force companies to consider offshore options”, AFR January 10) suggests that a lower minimum wage will improve employment retention in Australia. The lower wage countries he uses to support his point include the United States, United Kingdom, New Zealand and Japan.    Of these, […]

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Marvelous Melbourne, Magical Margins

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    The weighted net annual rate of return on land investment in Melbourne 1880-92 was a remarkably high 34.6 per cent, peaking at 78.3 per cent in 1887, according to a fascinating paper researcher Philip Soos has unearthed Rates of Return on Melbourne Land Investment 1880-92  by doctoral candidate Ron Silberberg[i] of Monash University […]

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