Tuesday March 2nd, 6.30 – 8pm Phil Anderson With land prices increasing $766 a DAY in the December quarter, Phil Anderson will analyse economic prescriptions and asset bubbles. Are bubbles essential for banking liquidity? Who is meant to borrow this credit and for what? Phil Anderson, Director of Economic Indicator Services and author of The Secret Life of Real Estate, … Read More
Gen Y Housing Market Sleeper Election Issue
photo credit: dbgg1979 Today’s Crikey had this corker: The housing market: Ben Loiterton writes: I am hoping you are alert to a gigantic sleeper issue building up steam in the community, although I haven’t seen any commentary from you at all. The issue is the alienation of the entire younger half of the population from the housing market as the … Read More
Inner city vacancies drive urban sprawl, affordability crisis
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
I Want to Live Here Report 2009
Vacancies in Melbourne Report Andrew Sadauskas EXECUTIVE SUMMARY – Broad Scope: Our research evaluated 652,695 properties across 23 different municipalities in the western, inner, southern, and south eastern suburbs of Melbourne. This represents nearly half of Melbourne’s 1,471,155 private dwellings. – Genuine Vacancy Rate: The Genuine Vacancy Rate includes all vacant properties, including those not on the rental property market … Read More
Bailing out the Bubble’s Enablers
photo credit: laurenatclemson Michael Hudson July 14, 2008 I am writing this article about Fannie Mae and Freddie Mac while sitting in the Queens Botanical Garden. This was not my plan today. The central air conditioning in my apartment broke down six weeks ago, and still has not been fixed. (It’s a nice condominium building, but accidents happen.) It is … Read More