Republished with thanks from The Conversation One question that arises on the topic of real estate is the scale of foreign investment and ownership in Australia. It is understandable that the public has concerns about such investment, especially as precious little...
BLOG: housing affordability
Just say No!
Last week, RBA governor Glenn Stevens assured us the big Aussie banks are solvent, that he can and will print dollars if necessary and cannot see a housing bubble pop when he examines the entrails. The only thing in the Guv’s speech we may be certain of is the...
Beware the rent-seeking organisation: don’t be dudded by housing data
Reprinted from The Conversation One of the more interesting outcomes the 2011 Census produced was the figures concerning the housing market. The reason for this interest is how the results contrasted with the idea that Australia currently suffers from an acute housing...
Five reasons First Home Buyers should stand aside
The Don’t Buy Now! campaign urges the landless not to buy real estate until prices reset, just as they have in the countries we compare ourselves to. Property is grossly over valued measured against earnings or the rental income it can generate. This means young...
Nobody wants a mortgage
11 July 2012 ABS Housing Finance data out today shows a 7.3 per cent fall in commitments to buy new-built houses in a singe month. This follows a 9.3 per cent fall the month before. "Established house price are now at such a discount to newly-built that buyers are...
Housing flips into oversupply: it’s official
3 July 2012 ABS Census data just released shows 1.1 million fewer households and 595,000 fewer houses in Australia than previous estimates; Morgan Stanley researchers calculate Australia now has a 341,000 OVERSUPPLY of houses. The Census revision obliged National...
Giant Savings in Don’t Buy Now!
26 June 2012 Homebuyers who took Prosper Australia’s advice – Don’t Buy Now! – exactly five quarters ago have typically saved themselves $64,000 from the fall in property prices compared to someone who bought. Major land price falls mean a smaller mortgage, saving a...
Speculative Vacancies in Melbourne Report: 2012
20 June 2012 There are 90,700 vacant houses in Melbourne - 5.9 per cent of the total - according to Earthsharing Australia's 5th annual Speculative Vacancies Report. "Our lazy land use makes a mockery of the drive for affordable housing," researcher Philip Soos said...
Don’t Buy Now! Public Forum
HOW THE GREAT AUSTRALIAN DREAM BECAME A NIGHTMARE Thursday July 19th, 7pm Northcote Town Hall Presenters: David Collyer, Karl Fitzgerald 189 High Street Northcote Young adults have ugly housing choices: pay rent to a tinpot landlord or spend their working life...
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 never been...