“With 46,220 properties vacant in Melbourne, the myth we have a housing shortage cannot go on much longer,” Earthsharing Australia spokesperson Karl Fitzgerald said today. Earthsharing’s Speculative Vacancies report highlights that tightness in rental stock does not equate to a lack of housing. The much quoted REIV’s 1.7% vacancy rate (Nov 2010) only refers to dwellings for rent, a subgroup … Read More
Speculative Vacancies Distort Supply & Demand
Australia’s endless debate about property prices pivots on the balance of supply and demand. Earthsharing’s Speculative Vacancies in Melbourne 2010 Report demonstrates that nearly five percent of all houses in Melbourne are simply empty and unused. The report identifies and measures the scale and extent of speculative vacancies – properties held out of use in the pursuit of capital gains … Read More
Speculative Vacancies in Melbourne 2010
Author: Tom Curtis Research Director: Karl Fitzgerald Executive Summary We estimate the Speculative Vacancy Rate for Melbourne in 2010 to be 4.94% or 46,220 of 935,305 properties surveyed. Our Estimated Speculative Vacancy Rate is more than twice the REIV’s Rental Vacancy rate for the same period of 1.7%. The rental vacancy rate is the rate most commonly referred to in … Read More
Vested Interests and their Scare Campaigns
The same old tricks when it comes to a tax that threatens their self interest:
Stale Property Stench
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