Over 90,000 Empty Houses Amidst Housing Crisis

Karl FitzgeraldCampaigns, Hot Issues6 Comments

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

Housing Glut Interest

Karl FitzgeraldCampaigns, Hot Issues0 Comments

Adam Schwab wrote up our fourth report on speculative vacancies in Crikey yesterday. Shortage or glut? Feast or famine? The question of whether Australia is suffering a housing shortage continues to be hotly disputed, with the real estate and construction lobbies arguing a desperate shortage exists, while other independent bodies, such as Prosper Australia, disputing the notion of a shortage. … Read More

Stale Property Stench

Karl FitzgeraldCampaigns, Multimedia0 Comments

Renegade Economists Podcast 176 As broadcast on the almighty 3CR, Wed 6th April, 2011. Bryan Kavanagh from the LVRG and one of our most active blogs, The Depression, brings his 40 years of experience in the land game to the show. We discuss the Buyers Strike and why now is not the time to buy property. Listen to the show … Read More

Petition for Affordability

Karl FitzgeraldCampaigns5 Comments

The Rudd Government has reviewed the tax system. The Henry Review came out strongly in favour of capturing economic rents for the common good. Read our analysis of the report here and here. The Rudd Government has written off any serious reforms to issues relevant to housing affordability. Why tax $285bn from people daring to work but only capture $40bn … Read More

Inner city vacancies drive urban sprawl, affordability crisis

Karl FitzgeraldCampaigns0 Comments

The 2009 I Want to Live Here report reveals how speculative vacancies are overlooked in housing supply analyses. “Inner city suburbs such as Richmond (7.40%), Princes Hill (8.76%) and Flemington (8.83%) had Genuine Vacancy Rates more than five times greater than the REIV’s vacancy rate of 1.4%” stated Earthsharing Australia spokesperson Karl Fitzgerald. “By including speculative vacancies and under-utilised properties … Read More