The Financial Review’s Ben Hurley has revealed an absolute game changer in the age old housing supply debate: Adjusted by Morgan Stanley researchers to allow for a potential census under count, the 228,000-home undersupply becomes a 341,000-home oversupply. This adds to the imperative for better checks and balances in housing supply analysis. Our recent Speculative Vacancies report revealed Melbourne had … Read More
Speculative Vacancies in Melbourne 2012
Philip Soos 21st June 2012 Executive Summary It is generally accepted that a crisis is occurring in rental property markets of most metropolitan areas in Australia, including Melbourne. Since 2006, rental prices have increased significantly above the rate of inflation, causing many tenants to experience financial stress. Accordingly, the lack of affordable and available rental properties is an ongoing concern. … Read More
Over 90,000 Empty Houses Amidst Housing Crisis
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,” researcher Philip Soos said today. Vacancy hotspots include: Docklands 14.1%, Williams Landing 13.5% and Truganina 12.9% where construction has clearly … Read More
Lobbyocracy Rules
Taken from today’s LIberal Donors Win Big from Rezoning by Royce Millar: The 100-hectare property was purchased as a bush block by the Carpenter family for $50,000 in 1967. Developer Watsons has estimated its developed value at up to $500 million. .. Yesterday Parklea chief executive Andrew Facey confirmed being an enthusiastic Liberal supporter. He said he had contributed thousands … Read More
Speculative Vacancies Report release
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 … Read More