A fact-free defence of urban planners in The Conversation yesterday has left me fuming about how this group is immersed in process and blind to The Game being played around them. The Game boosts land prices, creates serviced land shortages…
7 March 2013 Prosper Australia today issues its update of ‘Englobo’ holdings of listed property developers (attached), as revealed in their audited half year accounts recently released to the Australian Stock Exchange. Based on last year’s sales – the…
Governments in China, Hong Kong and Singapore are acting to curb property speculation. Zero Hedge comments: The reason for this “hot money” phenomenon is the easy money policy adopted by all the world’s central banks (except for the PBOC of…
by Philip Soos For those interested in the Australian residential property market, below are a collection of figures illustrating long-term trends. Housing prices and land values are compared to a basket of fundamental metrics. Australians are fortunate because much data…
The ABS House Price Indexes 8 Capital Cities Dec 2012 6416.0 was released this morning and shows prices rising 2.1 per cent for the year and 1.6 per cent for the quarter. This result will encourage those who see…
30 January 2013 Prosper repeats its call for timely, national data on property sales to be collected by the Australian Bureau of Statistics. “Buying and selling houses in Australia suffers from ‘information asymmetry’ – some participants know a lot…
The latest annual Demographia International Housing Affordability Survey ranks all Australian capitals as Severely Unaffordable. They’re right and the statistics back them. Housing has two elements, the building and the land. What fluctuates is the land price; structures are…
By Philip Soos Is Australia’s residential property market in a price bubble? This question has been much debated over recent years as housing prices leaped then slowly receded, resulting in entrenched views on both sides. Certainly, mainstream opinion is…
15 January 2013 MELBOURNE – The REIV yesterday forecast stable or declining nominal rents if current trends continue. This means rents are falling in real (after inflation) terms. “Shrinking residential rents are a profound set-back for negatively geared property investors,”…
13 December 2012 Citizens deserve the truth: property prices are down -8.6 per cent nationally in real terms. Removing inflation from real estate prices reveals falls from peak of -11.2 per cent in Melbourne and -11.6 per cent in Brisbane…