Karl unleashes his yearly collage of interview highlights with the musical yearnings he lets out of the bag over summer. Featuring interview snippets from Keilor MacDuff (Ferguson shooting of Michael Brown), Margo Kingston on ICAC, Dave Wetzel and Dirk Loehr on Marx, John August on monocultures, Catherine Cashmore on windfall gains between east & west Melbourne, Dr Michael Vardon on Australia’s Environmental-Economic Accounting System, Philip Soos and David Collyer on the Senate Housing Inquiry submission and yes Karl on Property Options.
Recovering Financial Crises: Akhil Patel discusses the influence of the land game on the stockmarket and how to decipher the stage of the economic cycle – crucial info for any reformer as we dart from China, the UK, EU to Australia.
Floating Concrete: A podcast only show featuring storyteller and concreter Hayden discussing some of the tricks we need to look out for when it comes to the foundations for housing – the concrete slab. Karl also reviews the recent Vic election and related themes.
Despite Melbourne’s record-long housing affordability crisis, 64,386 empty homes were quantified in 2013. Vacancy hotspots surrounded the usual suspects of prime location, infrastructure, culture and education. This Housing Supply Crisis is aided and abetted by an ineffective taxation regime.
But you wouldn’t know so many vacancies existed if you watched the published vacancy rates. The vacancy ratesmentioned in the press do not include those properties held empty by speculative investors chasing capital gains. They only include those properties advertised ‘for rent’.
Prosper Australia identifies empty homes by analysing abnormally low water consumption rates averaged over 12 months. We believes this trend of hidden vacancies is national and must be investigated the longer this housing crisis continues.
With investors now running at some 50% of all housing loans (up from 12% in the mid 80’s),the effects are starting to add up. The divergence between rental income (median $18,000 per annum) and capital gains ($60,000) is accelerating. An increasing number of property investors are choosing to leave their properties empty. Some investors acknowledge that by leaving 10-20% of their growing property portfolio empty, they will enforce scarcity, pushing rents and prices upwards.
Guardian journalist Van Badham joins to discuss the political landscape in this fast fast digital era. She gives an overview of the neo-liberal agenda amidst the Australian yearning for a fair go. How are our representatives adapting?
Regarding the Hide the Bubble show image above, this show was pre-recorded before the horrid Liberal Party announcement to privatise the Victorian Land Titles office. This austerity type measure is using the planned obsolescence of the tax system to justify privatising the pillars of democracy.