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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...

Psst! Stamp duty can be avoided

As the Fairfax papers reported on April 14, the NSW government has rejected yet another recommendation to replace conveyancing stamp duty by a broad-based land tax. That is the effect of the “stamp duty replacement tax” recommended on page 13-4 of the...

The Sunshine State at Sunset

Last month, I wrote about the staggering $2.4 billion losses by Lloyds Bank on their Australian real estate adventures and asked ‘Was Lloyds Bank the ONLY silly lender in Australia?’ Today, the Bank of Queensland posted their half-year report, showing losses of $91...

House Price Bust: Why Talk of a Bubble Won’t Wash

The following is published from the University of New South Wales’ Australian School of Business website ‘Knowledge’ and Prosper acknowledges authorship.  Audio, PDF, Facebook, LinkedIn and Twitter feeds are available here. Australia’s...

Land price too high

From the Canberra Times 5 April 2012. Your article “Capital’s housing prices highest in the country” (April 3, p1) was missing one very important word – land. As we move toward Canberra’s centenary celebrations it is time to reflect on the great wedge that is driving...

Now Everyone Hates Stamp Duty

On Monday the Real Estate Institute of Victoria made public its submission to the Victorian Government on the framing of the state budget. They are big-hearted enough to call for an end to the First Home Bonus – a ‘gift’ to buyers that merely inflates land prices by...

House prices are falling – somewhere else

The politico-housing complex relies heavily on poor quality data to hide the market price of houses from innocent low-information citizens. It has this market knowledge at its fingertips – but is determined not to share it with the likes of you and me. Most of the...

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...

Australia deserves better property sales data

12 January 2012 Prosper calls for timely, rigorous and transparent statistics on property sales to be collected by the ABS. “Property is the single largest asset market in Australia – worth around $5 Trillion,” Prosper Australia Campaign Manager David Collyer said...