{"id":4536,"date":"2010-09-17T18:56:33","date_gmt":"2010-09-17T10:56:33","guid":{"rendered":"http:\/\/nick.onetwenty.org\/?p=4536"},"modified":"2010-09-17T19:15:12","modified_gmt":"2010-09-17T11:15:12","slug":"australian-real-estate-bubble","status":"publish","type":"post","link":"https:\/\/nick.onetwenty.org\/index.php\/2010\/09\/17\/australian-real-estate-bubble\/","title":{"rendered":"Australian real estate bubble"},"content":{"rendered":"<p>I think it&#8217;s pretty clear that Australia is in the middle of a significant real estate bubble fuelled by speculative investment, tax incentives, and government stimulus.<\/p>\n<p>Rather than harp on about all the reasons why explosive property appreciation isn&#8217;t good for the economy (and isn&#8217;t sustainable), I&#8217;ll just post some links to websites that serve as appropriate counter-balances to the wide-spread (and well-funded) <a href=\"http:\/\/www.jenman.com.au\/news_item.php?id=284\">property spruiking<\/a> shenanigans that somehow pass for journalism in Australia.<\/p>\n<p>General information:<\/p>\n<ul>\n<li><a href=\"http:\/\/bubblepedia.net.au\">Bubblepedia<\/a>: Wiki and forums discussing the Australian property bubble. I recommend subscribing to <a href=\"http:\/\/bubblepedia.net.au\/tiki-directories_rss.php\">their RSS feed<\/a> so that you can read articles they link to (and make up your own mind).<\/li>\n<\/ul>\n<p>Blogs:<\/p>\n<ul>\n<li><a href=\"http:\/\/delusionaleconomics.blogspot.com\/\">Delusion Economics<\/a>: &#8220;An Economic Realist Practitioners Blog with an Australian Slant.&#8221; Frequently updated; heaps of graphs.<\/li>\n<li><a href=\"http:\/\/www.unconventionaleconomist.com\">The Unconventional Economist<\/a>: &#8220;A contrarian examination of economic and financial issues from an Australian perspective.&#8221;<\/li>\n<li><a href=\"http:\/\/www.debtdeflation.com\/blogs\/\">Steve Keen&#8217;s Debtwatch<\/a>: &#8220;Analysing the Global Debt Bubble.&#8221;<\/li>\n<\/ul>\n<p>Price histories:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.refindhouseprices.com\/\">REFind<\/a>: Property advertising history (&#8220;The best way to track Real Estate and rental price reductions for individual properties.&#8221;)<\/li>\n<li><a href=\"http:\/\/www.oldlistings.com.au\/\">Old Listings<\/a>: Look at old listings (advertised prices for houses) per suburb, and browse through listings per street.<\/li>\n<\/ul>\n<p>Philosophical \/ Political:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.prosper.org.au\/\">Prosper Australia<\/a>: &#8220;This land is your land.&#8221; <a href=\"http:\/\/en.wikipedia.org\/wiki\/Georgism\">Geoist<\/a> group promoting replacement of all current taxes with land and resource rental taxes.<\/li>\n<li><a href=\"http:\/\/lvrg.org.au\/\">Land Values Research Group<\/a>: &#8220;Economics as if location matters.&#8221; Statistical arm of Prosper Australia.<\/li>\n<li><a href=\"http:\/\/www.earthsharing.org.au\/\">Earthsharing Australia<\/a>: A sister organisation to Prosper Australia.<\/li>\n<\/ul>\n<p>Suspicious:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.homepriceguide.com.au\">apm Home Price Guide<\/a>: Used to list up-to-date monthly price changes.\u00a0 Now only lists year-to-date prices until ~3 months ago and a positive &#8220;long-term trend&#8221;. (Still useful as a reference for &#8220;discounting&#8221; though.)<\/li>\n<li><a href=\"http:\/\/reports.rpdata.com.au\/cgi-bin\/vgmsg\/RP_Reports\/subprofile\/rprephome.p?type=1\">RP Data suburb reports<\/a>: Only lists aggregated data and median prices, but the effects of (increases and decreases in) government stimulus are visible in many suburbs.<\/li>\n<\/ul>\n<p>Do you have an opinion on housing prices? If so, please leave a comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I think it&#8217;s pretty clear that Australia is in the middle of a significant real estate bubble fuelled by speculative investment, tax incentives, and government stimulus. Rather than harp on about all the reasons why explosive property appreciation isn&#8217;t good for the economy (and isn&#8217;t sustainable), I&#8217;ll just post some links to websites that serve &hellip; <a href=\"https:\/\/nick.onetwenty.org\/index.php\/2010\/09\/17\/australian-real-estate-bubble\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australian real estate bubble&#8221;<\/span><\/a><\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[1],"tags":[],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paLsRH-1ba","_links":{"self":[{"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/posts\/4536"}],"collection":[{"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/comments?post=4536"}],"version-history":[{"count":16,"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/posts\/4536\/revisions"}],"predecessor-version":[{"id":4552,"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/posts\/4536\/revisions\/4552"}],"wp:attachment":[{"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/media?parent=4536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/categories?post=4536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nick.onetwenty.org\/index.php\/wp-json\/wp\/v2\/tags?post=4536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}