That was the statement Red Symons of ABC breakfast radio ran as a lead in to our 6.45am discussion this morning. It is also the opening line in the film, attempting to settle those who blame banking and the money system for everything. Listen to the interview with Red promoting our debut documentary Real Estate 4 Ransom. Tickets are available … Read More
Speculative Vacancies and Real Estate 4 Ransom
Download the Speculative Vacancies report As written up in The Age today, p5: Speculators ‘locking up’ empty dwellings that could be homes Michelle Griffin PROPERTY speculators have locked up 46,220 empty homes in metropolitan Melbourne, the housing campaign group Earthsharing Australia says. In a documentary soon to be released, Real Estate 4 Ransom, the group says that 4.95 per cent … Read More
46,220 empty homes – the genuine housing supply issue
“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