Tag housing affordability

House price falls steeper that the US

18 October 2011 MELBOURNE:- “House prices are falling in Melbourne faster than US prices did when that property bubble burst,” Prosper Australia Campaign Manager David Collyer said today. “The enormous housing oversupply and sudden buyer caution have dramatically switched the…

The warnings come thick and loud

photo credit: tm-tm On Sunday 9 October, The Sunday Age published an article by Chris Vedelago Buyers Nibble but No Big Bite. I would link, but can’t see it in The Age online. Here are the money quotes: “But a…

Land Tax to Win

photo credit: Domiriel Influential SMH Journalist Jessica Irvine today writes about the urgent need for Land Tax to be prioritised in Land is the Best Hope for Fixing the Tax System. Make sure you see the film Real Estate 4…

Melbourne ‘Stale Stock’ hits 70,800

photo credit: Soon. 17 September 2011 MELBOURNE:- Exponential growth in the number of unsold properties overhanging the Melbourne market continues, up 18 per cent in the last month alone. “In the last five months ‘Stale Stock’ in Melbourne postcodes 3000-3207…

Please, Please, Mr Premier!

photo credit: sky_mitch State Treasury’s brief to the incoming Baillieu Government, the Blue Book, urges tax reform to drive Victoria’s competitiveness. The Blue Book has apparently been leaked to The Age. It strongly recommends lowering the burden of state taxes,…

NSW Stamp Duty a foul and putrid mess

photo credit: dcmaster Barry O’Farrell was elected Premier of NSW in March this year. His first budget announced Tuesday raised a storm of protest – not over a realignment of government priorities to his conservative Coalition’s agenda, but on Stamp…