affordability

Rising Interest Rates in Whose Interest?

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photo credit: the|G|™ Written Oct 16th Raising interest rates will do little to address underlying economic issues, says visiting US economist Professor Michael Hudson. “The market factoring in 7 interest rates rises spells danger for the Australian economic miracle” warns Professor Hudson. “Governments must use tax policy rather than monetary policy to address asset bubbles. […]

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RBA Policy Matrix

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photo credit: DerGuy82 The Reserve Bank of Australia’s monetary policy objective is to encourage: (a) the stability of the currency of Australia; (b) the maintenance of full employment in Australia; and (c) the economic prosperity and welfare of the people of Australia. However, in light of the strong statements made yesterday in Reserve warns on […]

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Renters: Stop Walking on Egg Shells

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The paranoia many renters face trying to find a place to genuinely call home is undermined by the juggernaut of rising property prices. Why do rents outpace wages? Is the market about to turn? It is time prospective first home owners looked beyond mainstream media to arm themselves with information crucial to the biggest decision […]

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Palatial Profits

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photo credit: eb0la An interesting read in today’s Age: Palatial Spreads Kept Empty? That’s Rich Ghost mansions and land banks are sometimes held by those planning a tennis court or swimming pool. Other people are waiting for their children to grow up. Many are speculating that the price of Toorak land will only rise. “Some […]

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Madden’s Economic Snubbery

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Planning Minister Justin Madden today writes about critics exhibiting cultural snobbery towards sprawling suburbs. He goes on to discuss the rationality behind last week’s expansion: Releasing land for homes in Melbourne’s west and north will allow for development where there is room, but not nearly as far out as some imagine…..Cranbourne in the east is […]

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Land Tax to Affordability

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photo credit: kodama (home) Suburbs hit with land tax increase TAXPAYERS owed more than $227 million in land tax by the end of February – a 20 per cent increase since last year, Office of State Revenue figures reveal – with a Herald investigation finding that much of the pain is being felt in the […]

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Land Tax Can’t be passed on to tenants

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photo credit: Roger Lynn The Age today ramps up the property lobby’s annual war against contributing to society in Land tax hike to hit tenants Knight Frank managing director Paul Burns said landlords had been complaining about their 2009 land tax bills, and agreed that tenants on net leases would be the first to cop […]

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Perfect storm threatens housing speculators

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photo credit: eb0la Will the FHOG save the housing market? A new report raises fresh doubts: THE Australian housing market is facing the prospect of a “perfect storm” of financial pressures, including high mortgage debt, overvalued homes and rising unemployment, which could see prices eventually fall by as much as 30 per cent, investors have […]

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Clearance Calling

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photo credit: Cosmic Kitty With auction clearance rates plateauing at 54% for the 3rd consecutive weekend, property pundits are doing all they can to avoid doom and gloom perceptions. The market has ‘found a new level’ is the positive spin. Let’s hope most First Home Buyers are biding their time wisely, watching and waiting for […]

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Single Renters Miss Out on the PM’s Lifeboat

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photo credit: alexkon Karl Fitzgerald Project Coordinator and Web Editor the Saturday Age – Business section, p2, Oct 25th. FREE market principles are being put to the test like never before. With share prices collapsing, policymakers are scrambling to keep up with the loss of confidence in the market. Prime Minister Kevin Rudd has stepped […]

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