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
Empty Spaces
photo credit: euzesio Mason Gaffney February 2009 “Phantom faces at the window. Phantom shadows on the floor. Empty chairs at empty tables Where my friends will meet no more” – from Alain Boublil, Les Mis Many stores have closed in the last year; they stand empty behind signs reading “Available”, “For lease”, or “First month free”. So have many industries, their gates locked, … Read More
Commercial Property next US bailout industry?
photo credit: °Florian C’mon you can’t be serious but that’s what the lobbyists are looking for with commercial property in dire straits in the US. The NY Times reports: Just as home loans were pooled, then carved up and sold to investors as securities over the last two decades, commercial property loans were repackaged for the financial markets. In 2006 … 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
I Want to Live Here Film Competition
Busting the myths of housing affordability We’ve set up a competition to inspire film makers to look into the eyes of the housing and land affordability quagmire. There’s a $3000 cash first prize and more to come. We rarely hear the real story of how land price appreciation is driving affordability pressures, so here’s the chance for film makers to … Read More