BLOG: Speculative vacancies

Impeding the Market

Impeding the Market

Here is the livestream of the report launch for Speculative Vacancies 9 - Impeding the Market: https://www.youtube.com/watch?v=H1oXXaObPOI The accompanying powerpoint: Speculative Vacancies 9 - Impeding the Market from Prosper Australia Just how much market power...

Vacancies to rise in a falling market

Vacancies to rise in a falling market

Cross-posted from the AFR's Michael Bleby. The number of vacant investor-owned properties in Melbourne remains high, with as many as 16.2 per cent homes sitting empty, according to the latest Speculative Vacancies report based on 2017 water usage data. The proportion...

Vacancies to rise in a falling market

Speculative Vacancies 9 – Impeding the market

Read the full report Key recommendations Water data indicates 60,901 residential properties were vacant in 2017 at a rate of 3.9%. Absolute vacancies using zero litres of water revealed 21,326 residential properties at 4.6% of the rental market. Up to 16.2% of...

Speculative Vacancies 9 report launch

Speculative Vacancies 9 report launch

Tuesday April 9th, 6.30pm Level 1, 64 Harcourt St, North Melbourne Presenter: Karl Fitzgerald Prosper's controversial report is back to investigate the number of vacant properties flying in the face of the ‘supply crisis’. *** If you are frustrated at the vacant...

The fragrant vagrant is not a rose by another name

Melbourne City Council is wringing its hands again over developer land vagrancy – prime sites deliberately held vacant or with disused, dangerous buildings to assist developer lobbying of government for rezoning or advantageous building permits. The issue last hit the...

Vacancy a Sign of Systemic Failure

Prosper President Catherine Cashmore is quoted in The Age with Land Bankers raise ire of the well-heeled. “Morally it’s not a good thing to do,” she said. “But let’s not blame the investors.” She pointed the finger at government policy: “The nation has been breastfed...

Pitfalls loom for vacancy taxes

Governments make token moves in the right direction The Federal government announcement of a vacancy tax on foreign investors could be construed as pure populism. Foreign investors constitute some 11% of all residential property purchases. Barely 3% of those...

Prosper SBS News

Prosper Australia President Catherine Cashmore had a busy week. First, Catherine was interviewed by Raph Epstein for ABC FM Drivetime. Then Catherine was asked to appear on SBS News Saturday night in Vacant Homes in Sydney draws Attention of UN. Channel 9 news also...