Speculative Vacancies Report release

Karl FitzgeraldEvents3 Comments

Thursday June 21st, 6.30pm
Presenter: Philip Soos
Prosper rooms, 1/27 Hardware Lane, Melbourne

RSVP – gold coin donations

Exciting young researcher Philip Soos is set to release our 5th Speculative Vacancies report. In the past, this report has been a lonely voice shining a light upon the lazy use of land in prime locations. Phil has surveyed over 1 million homes and has extensive findings on commercial vacancies. The figures are jaw dropping in light of the recent re-zoning windfalls handed out to developers.

Read the report

Epitomising the poor use of land is the associated picture. This location (corner of Barkly St and Commercial Rd, West Footscray) has been vacant for over 5 years and is not included in current vacancy calculations. This allows property speculators to create a media atmosphere that there is nowhere to live. ‘We need more land’ is the catchcry. Over time, sections of the site have been drip fed to the market to maximise profits.

Now that the land market is plummeting in Melbourne (with a 42% fall in land sales over 12 months to March 2012 ), the cheeky land baron has decided to put the location up for lease! This epitomises the real estate 4 ransom mentality and the importance of more accurate vacancy figures.

Philip is a highly rated writer with:

Read Earthsharing’s past Speculative Vacancy Reports and associated media.

3 Comments on “Speculative Vacancies Report release”

  1. Pingback: Speculative Vacancies in Melbourne Report: 2012 | Prosper Australia

  2. “Water consumption data supplied by two of Melbourne’s retailers, City West Water and Yarra Valley Water, is used as a proxy to determine vacancies”

    Yeah right – what if you’re using tank water only?

  3. That’s a regular concern on our reports that author Philip Soos countered:
    “Although it may seem logical that households with water tanks consume less water than those without, evidence indicates that water mains usage remains similar between both. Households that purchase a water tank do so in order to maintain levels of consumption previous to restrictions implemented by state governments, rather than out of desire to reduce consumption or to care for the environment. It was found that water tanks have the potential to significantly reduce consumption but unless the tank is plumbed into the house and water usage behaviour is altered, little will change in terms of overall consumption from the water mains.[8] As of 2009, 78% of households did not have a water tank installed on the property. Of the 22% with a water tank, 7% had the tank plumbed into the dwelling and the remaining 15% were not connected.[9] Rain water is often contaminated, so occupants in properties fitted with a water tank have to consume water from the mains for drinking and food preparation.[10] Water tank usage is likely to have a minimal effect upon the results.”
    Moy, Candice. (2011). “Rainwater Tank Households: Water Savers or Water Users?,” Geographical Research, 50(2): 204-216.
    ABS. (2010b). “4602.2 – Household Water, Energy Use and Conservation, Victoria, Oct 2009,” Australian Bureau of Statistics, Canberra.

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