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.
Housing
NSW the epicentre of our housing crisis
NSW is at the centre of a long-term public policy disaster in housing that will have a major impact on Australia’s recovery from the recession.
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.
Housing: a giant experiment in moral hazard
However successful the Government has been at managing the short-term effects of the economic crisis, it has failed to use the last twelve months to drive significant reforms in the banking sector that will deliver long-term outcomes.
Dyer index: economy a hotbed of contradiction
There are mixed messages coming out of the latest economy data figures, with information showing poor profits and weak wages growth but manufacturing profits on the rise.
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.
Housing is overpriced, Swan is making it so
As a treasurer, Wayne Swan makes a fine politician. In a free-market economy, it is not the role of the government to prop up over-priced assets — especially an asset as critical to millions of Australians as housing, says Adam Schwab.
Are we paying too much for the Australian dream?
In one of the more remarkable occurrences, residential property, despite macroeconomic indicators to the contrary, has been an incredibly resilient asset class this year. But that can’t last, argues Adam Schwab.
Your Say: Daily Mail readers' feedback: Reflections on the Budget and Matthew Johns
Budget 09, Matthew Johns, journalist shield laws and house foreclosures — is the nothing Crikey readers won’t chat about?
Sage boost for home owners
While one can debate the intellectual merits of the policies, Rudd has been decisive and masterful at managing the vagaries of human psychology, writes Christopher Joye.
Overcoming housing inequality in tough times
As the economy worsens, Australia must find ways to ensure everyone can afford a place to live, writes Ben O’Mara.
Crikey Counterpoint: the Australian property market
Australia’s residential property market delivered a resilient performance during the first quarter, with the RP Data-Rismark National Dwelling Value Index rising 1.6%, writes Christopher Joye. Poppycock, says Adam Schwab.
Mirvac: land is for hocking, not housing
Mirvac yesterday admitted what many affordability watchers know: the housing market is manipulated to suit shareholders over householders, writes Karl Fitzgerald.
The housing market is holding up. Shock
A striking thing about the flow of statistics this week is the continuing confidence people have in housing, writes Glenn Dyer.
Carr: Got a safe job? 2009 could be party time
The Australian property market could be a good palce to put your cash in 2009, argues Adam Carr, senior economist with ICAP Australia.
An optimist’s response to Professor Keen
Amateur economist and optimist Peter Johns responds to Steve Keen.
Keen: Always look on the bright side … of economic data?
Our economic managers, caught in a crisis they didn’t see coming, are still using the same models that didn’t anticipate this mess, writes Steve Keen
Economists lining up to disagree with Steve Keen
After economist Steve Keen’s recent bold predictions, the economics establishment is lining up to let him know they think he’s wrong, writes Michael Pascoe.
Oz housing market remains resilient
Contrary to popular opinion, the Australian housing industry is alive and doing sort of OK, writes Glenn Dyer.
US wrap: Shareholders hurting, inflation up, houses down
Think economic news from the US, think bad news. If the news from the last few days is any guide, that isn’t about to change. By Glenn Dyer.
Housing finance figures show an industry in freefall
Figures on housing finance from the ABS today suggest the housing industry is nearing the bottom, writes Glenn Dyer.
Briefly Business: Global economics wrap
EU inflation on the rise … UK plunge continues … UK housing woes hit the banks … Unilever profits head south.
US commerical banking sector insolvent. Worse news to come
The flood of bad news flowing out of the US continues apace, as Glenn Dyer reports on the problems besetting the housing and commercial banking sectors.
Briefly Business: Houses, vegetables, airplanes
BIS Shrapnel wrong on housing … Reconsidering BNB’s executive pay … A note on ABC Learning … Mining boom beginning to moderate? … Food … Qantas vs Virgin.
Building approvals back in the black, finally
After a big fall in March, building approvals have bounced back into the black for April, writes Glenn Dyer.
