Over 90,000 Empty Houses Amidst Housing Crisis

Karl FitzgeraldCampaigns, Hot Issues6 Comments

20 June 2012 There are 90,700 vacant houses in Melbourne – 5.9 per cent of the total – according to Earthsharing Australia’s 5th annual Speculative Vacancies Report. “Our lazy land use makes a mockery of the drive for affordable housing,” researcher Philip Soos said today. Vacancy hotspots include: Docklands 14.1%, Williams Landing 13.5% and Truganina 12.9% where construction has clearly … Read More

Windfall Welfare

Karl FitzgeraldCommentaryLeave a Comment

Planning Minister Matthew Guy has just handed his mates a conservative $420 MILLION dollars. The 7000 hectare expansion of the Urban Growth Boundary is the equivalent to a golden pen tick, turning those who are lucky enough to own land in the right locations into millionaires. Urbis calculates that a $60,000 windfall is delivered to each re-zoned hectare near the … Read More

46,220 empty homes – the genuine housing supply issue

Karl FitzgeraldPress Releases2 Comments

“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

Don’t Buy Now Campaign launched

Karl FitzgeraldCommentary3 Comments

Home Buyers Strike Called The Dont Buy Now Home Buyers Strike was launched Tuesday to warn prospective property buyers that now is the worst time to buy a house. The state of the housing market is unfurling at a rate of knots. A mexican standoff is being played out between sellers trying to maintain prices and buyers being hounded to … Read More

Earthsharing report reveals staggering 6.9% vacancy rate in Melbourne

Karl FitzgeraldCommentary6 Comments

Casey Jenkins has re-interpreted the‘I Want to Live Here‘ report with some useful graphs. As you may have read in the original report, we uncovered a genuine vacancy rate five times that reported by Real Estate Institute of Victoria; 6.9% compared to REIV’s 1.4%. By collating data from Melbourne water suppliers we were able to assess the number of Melbourne … Read More