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
Speculative Vacancies report release
Tuesday May 3rd, 7pm Presenter: Tohm Curtis Where: Prosper Australia rooms, 1/27 Hardware Lane, Melbourne Entry: RSVP pls and gold coin entry (to cover drinks and nibbles) For four years we have been pointing to the hidden supply of privately held speculative land as a major issue for the ‘nowhere to live’ media cycle. Instead of sprawling outwards, we should … Read More
One Handed Housing Supply
photo credit: Ian Sane On the one hand, the market delivers the best for the least cost. But on the other hand…. few are willing to call it as it is. Yesterday’s National Housing Supply Report used coded language to hint at a ‘possible over-supply of housing’ due to housing investor tax breaks (p50). However the usual suspects were missing … 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