photo credit: Pink Sherbet Photography Adam Schwab from Crikey: In one of the more remarkable occurrences, residential property, despite macroeconomic indicators to the contrary, has been an incredibly resilient asset class this year. In fact, the “affordable” sector of the property market is trading at record high levels, while auction clearance rates in major cities remain above 70 percent (in … Read More
Swan wimps out to property lobby
With all the promise of a tough budget, the biggest concern is the limp wristed, white flag response to the First Home Owners Grant (FHOG). Rudd’s recent mention that’ the FHOG won’t go on forever’ must have seen some furious lobbying in the halls of power by the Ron Silverberg’s (HIA) of the property lobby. Last night we learned that … Read More
Mirvac: Land is for Hocking, Not Housing
photo credit: lrargerich Karl Fitzgerald as published in Crikey 20/02/09 Mirvac yesterday admitted what many affordability watchers know. The housing market is manipulated to suit shareholders over householders. Due to the fear that an $81.4m half yearly operating profit is insufficient, first home buyers will have to pay higher land and housing prices to support Mirvac’s Executive Incentive Scheme. Mirvac … Read More
2008 I Want to Live Here report release
Media Release Housing Shortage in Inner City a Myth 2,317 properties have been found empty in central Melbourne during Australia’s worst ever housing crisis. Read the Full Report (PDF 432kb) “The 2008 I Want to Live Here report has found a 7% genuine vacancy rate in the inner city as compared to the much publicised 0.9% vacancy rate. The reported … Read More
Housing Affordability Film Comp Screening Event
When: Wednesday 3 December 2008, 7pm to 9pm. Where: The Order, Level 2, 401 Swanston Street, Melbourne. Cost: Free. The screening of The ‘I Want To Live Here’ short film competition will be an event of great importance. Here finally young people will be able to tell their story of the ludicrous situation that sees them paying more than any … Read More