By Philip Soos Is Australia’s residential property market in a price bubble? This question has been much debated over recent years as housing prices leaped then slowly receded, resulting in entrenched views on both sides. Certainly, mainstream opinion is…
13 December 2012 Citizens deserve the truth: property prices are down -8.6 per cent nationally in real terms. Removing inflation from real estate prices reveals falls from peak of -11.2 per cent in Melbourne and -11.6 per cent in Brisbane…
by Philip Soos Executive Summary Negative gearing is a popular investment strategy as it allows a net loss to be deducted against an investor’s personal tax liability at their marginal tax rate. While negative gearing has likely been in operation…
A former mortgage broker – who is now facing fraud charges – has blown the whistle on predatory lending practices in Australia’s financial services industry.
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…
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…
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,”…
5th Speculative Vacancies Report Thursday June 21st, 6.30pm Presenter: Philip Soos, Researcher, Deakin Uni Prosper rooms, 1/27 Hardware Lane, Melbourne RSVP Exciting researcher Philip Soos is set to release Earthsharing Australia’s 5th Speculative Vacancies report. Over 1 million homes have…
"The greatest source of redistribution to the rich occurs through the land market, which is usually the largest tangible market in modern economies."
Philip Soos notes eight of the nine substantial property price increases over the last 131 years have resulted in a decline. He can't see why the largest increase on record would not precede another drop now. Soos does not buy the argument that Australia is suffering from a "chronic housing shortage", saying property prices have continually experienced boom-bust cycles regardless of population growth.