Phil Anderson from Economic Indicator Services giving us the state of the market via his unique analysis of the inter-relationship between real estate, share markets and commodities. The Asset Bubbles Forever event was held on Tuesday March 2nd, 2010. The…
Unconventional prophets are often vilified, particularly in their own country. Steve Keen is no exception. He is one of only a handful of academic economists to contest the rah rah rah of the property spivs who claim – wrongly and misleadingly – that real…
The system gives the thumbs up to such activity, but we must alert you to the latest ‘capital gains’ success story trumpeted in today’s Business Age (check p10*). Solomon Lew bought 151- 165 Franklin St (CBD) in 1982 for $810,000.…
photo credit: UGArdener This morning, Reserve Bank of Australia Governor Glen Stevens appeared on Seven Network’s Sunrise program to talk up interest rates and talk down the property market. Using tabloid television to broadcast RBA views is unprecedented. It…
photo credit: chrisjohnbeckett With the housing bubble accelerating each day, sometimes you wonder if it is ever going to pop. Tim Colebatch has written a number of key articles of recent, including this one on negative gearing pointing out that…
photo credit: aphasiafilms Letter to the Editor David Collyer Balwyn THANK YOU, Tim Colebatch, for your clear-eyed review of our hopelessly distorted housing market (”Housing at these prices will leave us all a heavy debt to bear”, Comment, 23/3). Your…
photo credit: CarbonNYC Media Release “We have the means at hand to liberate the citizens of our great country from their current financial difficulties,” Prosper Australia’s Karl Fitzgerald said today. “The answer lies in reforming our tax system. A major…
Consider these three points: Property developers have openly stated they are reducing the supply of property to the market in order to massage land banking profits: While some already owe more than their home is worth, the result of prices…
By Karl Fitzgerald Crikey If we are all borne onto this planet as equals, why are some subsidised to own the planet at the expense of others? Don’t we all deserve a roof over our heads? The right to participate…