Two upcoming property debates

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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!

Best Wish­es

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: and 

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
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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.