Surprise surprise–now that house prices are falling, whether they are going to continue falling has become the topic du jour. I have been asked to take part in two debates on this–one an online Webinar organized by Business Spectator, the other a live lunchtime talk in Sydney organised by The Money Institute.
I’d enjoy having some Debtwatch readers involved in them both, so if you can make the webinar, or attend the debate, please do. Details are below (excerpted from the promotional materials).
Webinar: Where to for Australian house prices in the next 12 months?
When: Thursday, May 19, 2011 at 12pm AEST
(which is 10am for WA, 11:30am for NT, 12pm for QLD and 11:30am for SA)
Duration: 45 mins
Australian house prices are ‘the highest in the world’ says the IMF, but is it true? We have recently seen some softening of residential house prices, especially in Victoria, but there are also signs of weakness in other regions, particularly those which are not directly linked to the mining boom.
Is it the reckoning the bears have been waiting for, or simply a soft patch in a wider acceleration that will continue thanks to a rising population, a shortage of housing stock and the powerful long term effects of negative gearing.
Business Spectator has gained a reputation as one of the prime debating arenas over house prices in the Australian media. Join Managing Editor James Kirby, economist Steve Keen and HIA’s Harley Dale to hear what lies in store for the next 12 months.
Don’t forget, this avenue is a great way to have your questions answered in real time — you can submit them during the webinar via a panel on the screen.
Be quick to register as there are a limited number of places available.
We hope you attend and we look forward to answering your questions!
The Business Spectator Team
Will the Australian Property Market Crash?
Brought to you by The Money Institute & Live Debt Free Australia
Proudly brought to you by: www.livedebtfree.com.au and www.moneyinstitute.com.au
The Great Property Debate – Panel Comments
Rising mortgage debt caused the house price bubble; now that debt has peaked, the same force that drove house prices up will drag them down
Professor Steve Keen, University of Western Sydney & Debt Watch
Many of the tell tale signs of a bubble are not present and just because house prices are overvalued doesn’t guarantee a bust
Shane Oliver, Chief Economist, AMP Capital Markets
Australian housing is a giant Ponzi scheme inflated by an unsustainable credit-fuelled boom. The bust has already begun and is unstoppable
Kris Sayce, Editor & Chief- Money Morning Publication
‘House price crash talk isn’t new and it continues to be more successful than any other topic in generating sensational headlines that scare the living daylights out of people. There are many challenges facing the Australian residential sector, including the need to aid entry level buyers and rental households. The focus should be on what needs to be done to alleviate upward pressure on dwelling prices
Harley Dale- Chief Economist, Housing Industry Association
Big differences of opinion by the leading experts. So come and hear both sides on the debate onan issue that affects every Australian with an interest in property & make up your own mind.
When: 7th June, 2011 from: 11.30 Registration for 12pm start to 2.00pm
Where: Wesley Centre, 220 Pitt St, Sydney. Info Hotline: 02 8004 2444
Register online: (limited seats available) click on link below to go registration page:
The Debate Panel
- Harley Dale- Chief Economist- Housing Industry Association (HIA),
- Shane Oliver- Chief Economist-AMP Capital Markets,
- Amanda Lynch, CEO of the Real Estate Institute
- Professor Steve Keen- Associate Professor-University of Western Sydney N.S.W
- Kris Sayce-Editor & Chief-Money Morning Publication
- David Collyer- Manager Director-Prosper Organisation