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Housing shortages? Really?

photo credit: looseends   Saturday mornings at the Richmond market. I hear a fruit stall worker calling his wares: “Last of the carrots! A dollar a bunch! AND THERE’S NO MORE!” Of course, he has carrots by the boxful under the table, but his solemn warning means he...

Expensive land is changing the shape of Australia.

  photo credit: Zach K   The Melbourne versus Sydney rivalry has been reignited – Melbourne’s population is growing faster and is projected to overtake Sydney by 2037, a new report predicts. Going Nowhere, a report by BIS Shrapnel for a property developer lobby...

The Tide Turns. The Media Awakes.

photo credit: midlander1231   For too long, the media eagerly reported the property spruikers’ claim ‘prices only go higher’. This ‘truth’ turned homeowners into speculators and led a whole generation of first home buyers to commit to enormous mortgages they will only...

The Cost of Living – Somewhere, Anywhere

  photo credit: MarcelGermain Should I buy now or rent and save a bigger deposit while I wait? Houses cost money. How much should they cost? These are long-life assets and the price paid can change a lot. Good timing can lead to a lifetime of heavy debt repayment or a...

Put away that cheque book, home buyers

photo credit: UGArdener   This morning, Reserve Bank of Australia Governor Glen Stevens appeared on Seven Network’s Sunrise program to talk up interest rates and talk down the property market. Using tabloid television to broadcast RBA views is unprecedented. It...

NZ Tax Justice Move

New Zealand is known as one of the world’s leading gimp nations when it comes to protecting the future that land in prime locations avails. They have no Land Tax. They have pathetically low council rates. Worse, these are set to penalise home construction such...

Corporate communities voted down

The popularity of McMansion-ville suburbs dwindles as genuine home-buyers look for communities with character in New home sales retreat: HIA Sales of new homes in Australia dropped in October, an industry survey showed today, in a further pullback from stimulus-driven...

Hudson Multimedia highlights

Following Prof Michael Hudson’s recent tour, here are more multimedia highlights: Visual: Hudson on ABC International with Jim Middleton. Hudson on Switzer – Sky TV Business. Forever Blowing Bubbles – Sydney presentation. Hudson tour slideshow Audio:...