Yesterday’s rate rise, coupled with recent changed to Australia’s superannuation policy, locks us into a nation-changing situation: we will soon be a nation of renters, says Robert Gottliebsen.
Housing prices
Aussies, it seems, under Mr Market’s intoxicating spell
The ABS, Australian Property Monitors and RP Data are all indicating that Australian residential property prices are nearing or exceeding record levels, spurred by continued use of debt by many buyers to fund the great Australian dream.
The real estate spinners who are artificially inflating prices
Despite its ubiquity, residential property remains one of the least transparent asset classes in Australia. Most buyers spend hundreds of thousands of dollars on an asset which they know very little about.
How to stop houses being so damn expensive
Australia needs a solution to its rising house prices, which have jumped dramatically thanks to the laws of supply and demand, writes Tom Elliot. Is reducing immigration the answer?
Triguboff, Keane talking fiction on house prices
Billionaire Harry Triguboff’s pleas for the RBA not to raise interest rates today are informed by a massive conflict of interest: the longer Australia’s housing bubble continues, the more Triguboff can sell his apartments for.
graph pr0n It’s about the housing shortage, stupid
Our biggest public policy problem is that we don’t have enough dwellings for people who live here, with an estimated shortage in 2008 of 34,000 dwellings. Plus, we’re importing people at a rate of knots.
When herds collide on the yellow brick road
2010 is shaping as the year that the bulls and bears of the world’s last unpopped asset market bubble — Australia’s property market — will collide head on, writes Steve Keen.
Interest rates: the local waitress put in her two bob’s worth
The house price gravy train has arrived again at the station, and off we go towards higher interest rates and a greater lack of social equity.
Aussie mateship: buying homes together
Okay, so obviously the First Home Owners Grant just pushes up the price of real estate, but if you are still interested in cashing in on it, consider buying a home with a friend. Just pay attention to the legal nitty gritty.
Everything’s distorted from inside this housing bubble
During a bubble lots of things appear to make sense which in hindsight, are ludicrous. Like, median housing prices that are so high they are double US housing prices.
Situation almost normal for economy
After a big slump, things are finally looking up for the the Australian economy with consumer confidence exploding and house prices rising.
What the RBA chief really said
Reserve Bank governor Glenn Stevens’ housing speech will inevitably trigger a lot of uninformed comment, says Christopher Joye, but here it is straight…
Australian property prices: will the bubble burst?
Will debt deleveraging lead to a collapse in property prices, as it has done in the US? Probably not, says Stubborn Mule: just calling it a ‘bubble’ doesn’t necessarily mean it will burst.
