We regularly hear from the Pollies that they have a plan to create affordable housing to bring to reality the great Australian dream of home ownership.                                    
 
Of course not much happens and for a variety of reasons including non performance of election promises. 
 
How about this for an idea?     
 
The Governments talk to each other to change the Planning Laws to allow housing [flats,townhouses,units] onGovernment controlled land close to the City.This land often has such features as proximity to the City,transport and parks .What about a rezone to allow a developer to enter into a PPP[Private Public Partnership] to build affordable and other more expensive housing on the Jolimont railway yards, the Preston tram depot,the West Melbourne railway yards,The Camberwell tram depot…………. the list could go on for pages.                   
 
And more….what about the rezone of our major shopping centres e.g. Highpoint,Chadstone,etc., to allow for housing to be built over their carparks?                              
 
Sounds simple but will it ever happen???????????       

“The pass in rate is up…..the pass in rate is down”. So what does that really mean? The weekly announcement from the newspapers is useful but often can send negative or positive messages to the public.However there is no method to disseminate the results. For example when the rate moves one week to the next it does not necessarily mean that prices have gone up or down nor does  it say that the pass in rate in the outer suburbs [where Auction is not as common as in the inner suburbs] is higher or lower and vice versa.                                              
 
Therefore do not think that auction results are in any way a reflection of the state of the market and remember that not all auction or private sales are reported to the media.                         
 
This weekend past 63% of properties auctioned sold .Last year the rate was 85%.                                             
 
Call Brian if you feel you need more explanation.0439004889