Not the Queensland Budget Speech
. . . … Madam Speaker, if the Government is to balance the Budget in these difficult times, it cannot afford to indulge in forms of taxation that shrink the economy from which all public revenue is drawn. In some…
Tag housing affordability
A recipe for stability – introspective, moribund stability
Dr Ellis is no help for the vast majority of Australians who simply want a home to call their own and not be some cats-paw in financier rent-seeking.
Don’t blame foreign investment for rising house prices
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…
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…
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…
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…
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…
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 Housing…
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…
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,”…