Saturday Summary – the most interesting property investment articles I’ve read this week (2014/03/29)

There are more property investment articles, commentaries and analyst reports on the Web every week than anyone could read in a month. Each Saturday morning I like to share some of the interesting ones I’ve read during the week.

Enjoy your weekend…and please forward to your friends by clicking a social link buttons on the left.

Property Investors Dominate World’s Billionaires List

If you still need proof that property investment can make you rich, Your Investment Property Magazine suggests you take a look at the latest line up of Forbes Billionaires List.

A total of 135 property tycoons now make up the world’s wealthiest list with 14 property billionaires joining the ranks this year alone, boosted by surging property values around the world.

Chinese business man  Lee Shau Kee topped the list of the world’s richest property tycoons with an estimated net worth of $19.6 billion, but Australia wasn’t forgotten with our own Harry Triguboff, aka “High-Rise Harry”, also named among the richest property investors.

14 out of the top 20 richest property billionaires hail from Asia

The rise of Asia’s property billionaires to the top of the richest list was fuelled by strong increase in property values during the third quarter of 2013. China and Hong Kong staged a staggering 21.6% and 16.1% rise in home values respectively.

What’s the hot property market for 2014? |Agents under quoting | What’s going on in our property markets? |Answers to your questions

Another great Real Estate Talk show  produced by Kevin Turner. If you don’t already subscribe to this excellent weekly Internet based radio show.

Details of this week’s show:

Diane Bukowski gives tips on how to do your own appraisal
Lachlan Walker talks about the affordability of the Brisbane property market
Andrew Winter from Selling Houses Australia joins us and he gives us his opinion of the current market
Terry Ryder from Hotspotting talks about agents under quoting auction properties

You should definitely subscribe to this weekly audio program. Click Here It’s free and you can listen on the go on your smartphone, iPad etc.

 

9 reasons developer costs jumped…and what they’re planning to do about it– Pete Wargent

Why is the cost of new housing so expensive? In fact why has it leap dramatically for the new high rise developments over the last few years?  Regular Property Update expert Pete Wargent explains in his blog that it’s not greedy developers making huge profits but it’s related to :

1 – Good and Sales Tax (GST)

2 – Land remediation

Challenges facing developers today’s infill and brownfield sites include anything from heavy metal or lead contamination, to pesticides, hydrocarbon spillages, the removal of asbestos…even uranium contamination on Sydney’s north shore.

3 – Environmental ratings

In 2003, the Green Building Council of Australia introduced its environmental rating system for buildings in Australia. Incontrovertibly great news for the environment. And expensive.

4 – Durability and sustainability

Today’s developments must be durable. The benefits will surely be realised over the long term, but in the short term this comes with a cost premium attached.

5 – Insurance, health and safety, training

In today’s increasingly litigious society insurance premiums continue to increase, but disproportionately so in the world of construction.

6 – Design

Almost everything about today’s project design has become more expensive, from complex planning, architect and legal fees, to expensive European kitchen appliances, stylish bathrooms or marble kitchen surfaces.

Consumers have been willing to pay top dollar for new developments, but they fully expect and demand quality products to be shipped in in return.

7 – Marketing costs

Architects prepare magnificent three dimensional designs for new projects today, which can subsequently be used in sophisticated and compelling marketing campaigns by developers in order to secure offshore sales.

8 – Key worker and affordable housing requirements

New development approvals today tend to require considerable key worker and/or affordable housing components which are likely to be provided at a net loss for the developer.

9 – Community requirements during the construction process

More stringent than they used to be, requiring that construction activity may only take place between agreed upon times, with disruption from heavy plant to be minimised for the benefit of local residents.

I could go on, but I think that will suffice for now…

 

9 Things More Important Than Capital– Jim Rohn

In a newsletter this week the late Jim Rohn explains that when starting any enterprise or business, we all know the value of having plenty of capital (money). But we all know or at least have heard of people who started with no capital who went on to make fortunes. How?[sam id=41 codes=’true’]

He then lists 9 things that are more valuable than capital that can lead to your entrepreneurial success.

1. Time – Time properly invested is worth a fortune. Time wasted can be devastation. Time invested can perform miracles, so you invest your time.

2. Desperation – can be a powerful incentive when you say “I must.”

3. Determination: Determination says I will

4. Courage: If you’ve only got $1 and a lot of courage, you’ve got a good future ahead of you.

5. Ambition: “Wow! If I can sell three, I can sell 33. If I can sell 33, I can sell 103.”

6. Faith: Money can’t touch it. What if you had $1 million and no faith? You’d be poor. You wouldn’t be rich.

7. Ingenuity: Put your brains to work. Probably up until now, you’ve put about 1/10 of your brainpower to work. What if you employed the other 9/10? You can’t believe what can happen. Humans can come up with the most intriguing things to do.

8. Heart and Soul: Money can’t buy heart and soul, and $1 million without heart and soul? You have no life.

9. Personality

 

If You Don’t Do These Now, You’ll Regret It 10 Years Later

When you’re nearing the summit of this turbulent climb through life, will you reach the top with wild enthusiasm or will you be hobbling with the aching knees of regret.

Lifehack lists these things you can do today as an insurance policy for tomorrow’s happiness:

1. Take care of your health
2. Make time to do the things you love, work less, laugh and play
3. Say what you need to say
4. Practice mindfulness
5. Change your perspective
6. Let go of the past
7. Accept the things you can not change
8. Stop thinking happiness is a future event
9. Stop chasing money and material wealth
10. Live authentically
11. Take off the mask
12. Follow your instincts
13. Practice gratitude
14. Don’t make your decisions based on fear
15. Love, love love!

There is no guarantee that you won’t make any bad decisions, but when you start living your life with these tools in mind, your days will naturally become meaningful. Your wise eyes will be full of adventure and tales: adventures that might not be perfect, but at the very least won’t be filled with regrets.

 

Blogs you may have missed this week:

If you didn’t have a chance to read my daily blog, here’s a list of the blogs you missed this week:

Sydney & Melbourne Both In The World’s Top 10 Most Expensive Cities List

Westpac Has Changed Its View of Some Economic Fundamentals: Bill Evans

10 Inspirational Quotes From Jim Rohn

The Attributes of Successful Property Developers

What & When To Repair? 8 Top Tips For Property Owners Revealed- Jhai Mitchell

The rental price is right!- Shannon Davis

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About

Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been once agin been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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