speculation

Oh look! A baby swan!

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Australia desperately needs an alibi – a Black Swan event – to nominate as the tipping point that ended the land bubble. Government is rigid with fear about the political consequences of being blamed for the turn. Whoever presides over the shift will earn a page in history and make lifelong enemies of a swathe […]

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Selective US deflation

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Westwood Capital, a US finance firm, have a slide set out trying to pretend all is well with the US property market. I can’t recommend their thesis of US housing shortages and rent hikes, but perma-bulls might enjoy being stroked. Dross. Except slide 12 which breaks US BLS inflation components into Housing and All Items […]

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The Rotting Fruits of a 100 Year Old Trend

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We’ve all become slaves to the banks. The ruling elite don’t want you to know this of course. It should actually be the other way around. Banks should work for society. But where’s the free ride in that?

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Negative Equity – Australia’s Wall of Pain

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Recent stress-testing of Australian banks by the Australian Prudential Regulation Authority showed they would survive, though their capital would be sorely tested. This analysis did not take into account an important feedback loop: the erasure of the equity of heavily mortgaged borrowers. The AFR reports an AMP study: AMP Capital’s head of credit markets Jeff […]

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Englobo, Speculative Vacancies, the Wealth Illusion

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Having trouble reading this newsletter? View it online. THE ENEWS OF PROSPER & EARTHSHARING AUSTRALIA OCTOBER 2014  Englobo 2014 Report Launch – tomorrow night  Thursday, October 30th, 6.30 – 8pm Level 2, 22 Punch Lane, Melbourne Presenter: David Collyer RSVP, donations appreciated We hope you will join us tomorrow evening as David Collyer launches Englobo 2014 […]

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Englobo Report Launch, Thursday October 30th

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Thursday, October 30th 6.30 – 8pm Level 2, 22 Punch Lane, Melbourne Presenter: David Collyer RSVP, donations appreciated Join us for the launch of David Collyer’s investigations into the land holdings of Australia’s largest property developers. Englobo 2014 – Land Banking Profits during a Housing Supply Crisis is set to be an explosive report – just how […]

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New Stonnington parks to enforce land scarcity

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Chris Vedelago at The Age has exposed a fascinating land-play by Stonnington Council, enforcing scarcity and lifting land prices in the most valuable residential municipality in Melbourne by adding to insatiable demand with its own house-buying to demolish and make parkland. “Stonnington Council has blocked the release of a secret report that would reveal to […]

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The Housing Supply Chimera

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Australia is a mirror of other countries where high housing prices were also blamed on a shortage, always revealed, in hindsight, to be a chimera.

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Over the BBQ

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They couldn’t afford a new house, but they could afford two. Plus they get the “tax benefit” of negative gearing the rental, which we know is a crock, and they’re doubly leveraged.

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Senator Day calls out land bankers

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Finally a Senator has said it, on the front page of the Australian Financial Review: Senator Day described sections of the property industry as “carpet-bagging, rent-seeking bootleggers” who used political donations to wield ­influence to restrict land supply and drive up prices of high- and medium-density apartments. He likened the relationship between the property industry […]

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