This is an article written for our Progress magazine. Grab a free trial subscriber'ship today. Download the Home Buyer's Strike special edition. On March 15, Prosper announced to the media that first home buyers were on strike and refusing to commit at current...
BLOG: housing affordability
Banks Say Thanks to Bailleu for Cutting Stamp Duty
photo credit: Karsoe The new Victorian Liberal Government's move to provide a 20% cut to Stamp Duty will have bankers wringing their hands. The market price for a house will vary little. There will be no saving for First Home Buyers. A 20% reduction for barely 15% of...
Ghost Auctions Cloud Genuine Auction Clearance figure
photo credit: The-Lane-Team The rising number of ghost auctions (unreported auctions not called in by real estate agents) is distorting the housing market. The REIV's weekend clearance rate was 57% on 480 auctions. However, 102 were ghost auctions and not included in...
Pop the Housing Bubble Party
Tues May 10th, 7 -9pm Celebrating lower housing prices. Champagne and caviar for Home Buyers on Strike The bubble has popped so the champagne must be topped! Join us to celebrate falling house prices and the opportunity this offers generations of everyday people. A...
Negative Gearing reform proposals much needed
Today it has leaked that the Gillard Govt is sounding out the possibilities for reforming the detested negative gearing: THE Gillard government has sounded out unions over steps to cool Australia's housing market, with measures that range from a new sales tax for...
Property Supply Magic
photo credit: Super Doily As published in yesterday's Online Opinion As if out of thin air, a magical 46 per cent more property was offered for sale in February than a year earlier. Like the heavens opening after a long drought, desperate first home owners must have...
POP! The real estate bubble has burst
The Great Australian Land Bubble burst at 10.30pm AEST on Monday 11 April 2011, according to Prosper Australia campaign manager David Collyer. “The era of towering prices - of superhuman personal sacrifice by every young couple to fund a mortgage to buy a simple home...
Lobby Your MP on Housing Affordability
Your name: Your email address: Subject: Your local member of parliament Tony Abbott (Warringah) Dick Adams (Lyons) Anthony Albanese (Grayndler) John Alexander (Bennelong) Karen Andrews (McPherson) Kevin Andrews (Menzies) Bob Baldwin (Paterson) Adam Bandt (Melbourne)...
Home Buyers Strike video
David Collyer tells it as it is - Don't Buy Now - the housing market is faltering. Help get this urgent message out to prospective home buyers - do not buy at the top of the market. Do not believe property spruikers who have a vested interest in stating 'property...
First Home Buyers Sink
photo credit: Gianni Dominici Letter to the Editor - The Age April 2nd, Karl Williams, Tecoma First home buyers sink WHATEVER you think of the ''buyer's strike'' aimed against buying homes at the top of the property cycle (Buyers strike goes viral), the time must...