Inner city vacancies drive urban sprawl, affordability crisis

Karl FitzgeraldCampaignsLeave a Comment

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

Karl FitzgeraldCampaigns, Commentary5 Comments

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

Karl FitzgeraldCommentary, International1 Comment

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

Overworked, Over thinking

Karl FitzgeraldCommentary1 Comment

Carol Nader reports in the Age that HUNDREDS of children are spending 60 hours or more a week in child care, a Federal Government report has revealed. The article then critiques the Federal Government’s policy of encouraging as many mothers as possible into the workforce. What are the underlying economic forces encouraging such workforce participation? We know that home owners … Read More