The Conversation

Four ways an Australian housing bubble could burst

There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
A blockchain’s ability to move assets from one owner to another allows less dependence on intermediaries. www.shutterstock.com

How the blockchain will transform housing markets

There are many hidden costs and inefficiencies in housing markets. Blockchain is poised to transform that.
Stockbroker Oliver Curtis leaves at lunchtime with his wife Roxy Jacenko at the Supreme Court of New South Wales in Sydney. David Moir/AAP

Insider trading is greedy, not glamorous, and it hurts us all

It doesn’t matter how much Oliver Curtis and John Hartman stood to gain from insider trading, what matters is what we all lose from market tampering.
Negative gearing has been untouched for 30 years because it increases housing supply and the stock of rental properties. Shutterstock

PolicyCheck: Negative gearing reform

Negative gearing reform is complex and fraught, with a chequered recent history. The key to any future reform will be finding a way to equitably change it without losing its benefit.
New housing finance is now contracting quickly. AAP/Mick Tsikas

Australia’s housing finance in seven charts

Where investment loans were the fastest growing category of housing finance at the end of 2015, it is now the leading area of contraction.
The “Spring bounce” is an artefact of inadequate statistical modelling. AAP/Paul Miller

Spring selling season and other gimmicks

In the next couple of weeks you’ll start to see all the signs of the change of season. Like many Sydneysiders, I’m looking forward to the longer hours of sunshine and flowers blossoming. Inevitably, and…
NSW Premier Mike Baird applauds Treasurer Gladys Berejiklian – but has her first budget hit the mark? AAP Image/Paul Miller

NSW budget: new infrastructure but a missed chance to fix stamp duty

Gladys Berejiklian’s first budget as NSW Treasurer includes some infrastructure goodies but misses an opportunity to reduce the state’s reliance on property taxes.
Joseph Younis/Flickr

Hot air but no bubble following RBA rate cut

The move by the RBA to a record-low 2.25% cash rate at its first meeting for 2015 has unsurprisingly reignited speculation of a “turbo-charged” bubble in Sydney’s house prices. In actuality, the rate cut…
It may look mundane, but this is arbitrage in action. AAP/Dan Himbrechts

Beating the Opal and other acts of everyday arbitrage

Arbitrage is a term often associated with billion dollar hedge funds and opaque finance trades. But it exists in day-to-day life in all sort of ways – from “gaming” public transport, to pitchsiding at…
Is our thinking on house prices blurred by irrationality? Kesu/Shutterstock

Rational talk on housing prices lost in a bubble

The latest house price index figures released by RP Data earlier this week show a year-on-year increase in property values in Sydney of 14.3%. This has sparked the current hot debate on property prices…
Animal spirits: the Reserve Bank will be asked to explain itself on what is means by macroprudential tools. AAP/Dan Peled

It’s too simple to argue lack of supply pushes up house prices

Is there a national housing supply problem? No, but there is a problem of access to affordable housing in certain regions. Last month, Reserve Bank Governor, Glenn Stevens commented on the need for “animal…