Saturday Summary – the most interesting property investment articles I’ve read this week (2013/04/27)

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.

Times are changing and apartments are on the rise – Terry Ryder

 Apartments are challenging standalone houses for the hearts and minds of property consumers writes Terry Ryder in Property Observer.  He says:

One of real estate’s dominant paradigms has been that houses out-value apartments because of the greater land content. The land appreciates and the dwelling depreciates, so they say.

But as more and more buyers and renters opt for apartments, the old dynamic is shifting.

In Melbourne, the median rent for apartments is the same as that for houses, at $360 per week. In Sydney, there is a narrowing gap: the median house rent is $500 and the median unit rent is $470. There’s also a small difference in Brisbane: $390 for houses and $375 for units.

The popularity of apartments as a lifestyle choice has been rising readily for years. This is seen in the figures for new dwelling construction across Australia: the market share of units and townhouses has risen sharply in the past five years.

In 2008-09, 30% of new dwellings were units. It rose to 33% in 2009-10 and further to 38% in 2011-12. In the current financial year it will be close to 40% of new dwellings constructed.

He explains that:

This has gathered pace through the preferences of younger buyers, opting to buy or rent closer to the inner-city action, rather than secure a house on land further out, and preferring also the low-maintenance lifestyle offered by units and townhouses.

Affordability is another part of the choice. While the rental gap between houses and units has narrowed, there is still a considerable difference in price for those opting to buy.

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Key things to consider before buying property | properties in super

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

This week’s guests are:
Michael Yardney, Jo Chivers and Rob Balanda talk about the key things to consider before you get into the property investing game
Ken Raiss answers our question of the week
Brad Caldwell-Eyles shares some interesting insights and lessons he’s learn from The Block All Stars

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.

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Hopes for a sustained recovery as world finally starts to leave the GFC behind

Economist Don Stammer wrote in The Australian about our changing investment sentiment.

THIS time last year, sentiment in investment markets was both negative and fragile. Shares were unloved. Despite their skinny yields, bonds were favoured.

Cash was being hoarded even in countries with near-zero interest rates. And market confidence would quickly fall apart on any suspicion of forthcoming bad news.

As things turned out, sharemarkets in rich countries have delivered strong returns — mostly 20 to 25 per cent — since their lows in mid-2012. Key indexes of US shares recently set all-time highs.

Investor sentiment is again more robust.

He goes on to say:

Of course, there’s no assurance the good times will roll on uninterrupted. There is no quick fix to the problems in the eurozone which reflect big differences in productivity, saving, debt, work ethic, taxes and social security among the 17 European countries that share the common currency. And the gains from the sharemarket rebounds in 2009, 2010 and early 2012 were given back.

However, prospects for a sustained lift in investor confidence now seem more favourable.

The following graph is very telling:

ss2

Peak people
According to Slate
:

It took humankind 13 years to add its 7 billionth [person].

That’s longer than the 12 years it took to add the 6 billionth — the first time in human history that interval had grown. (The 2 billionth, 3 billionth, 4 billionth, and 5 billionth took 123, 33, 14, and 13 years, respectively.)

In other words, the rate of global population growth has slowed. And it’s expected to keep slowing. Indeed, according to experts’ best estimates, the total population of Earth will stop growing within the lifespan of people alive today.

And then it will fall.

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The psychological profile of successful entrepreneurs

Psychologist Aleks Srbinoski describes entrepreneurs most likely to succeed at SmartCompany.

He says research suggests a combination of traits is important to making an entrepreneur:

  • Above average levels of resilience (emotional stability)
  • Above average of openness (open to new ideas and experiences)
  • Above average levels of assertiveness (extraversion)
  • High levels of achievement striving (conscientiousness)
  • High levels of self-discipline (conscientiousness)
  • High levels of deliberation combined with above average action orientation

I would suggest it’s much the same for successful investors

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8 Things You Should Not Do Every Day

According to Inc.com you’ll get huge returns–in productivity, in improved relationships, and in your personal well-being–from adding these items to your not to-do list…

Every day, make the commitment not to:

1. Check your phone while you’re talking to someone.

Want to stand out? Want to be that person everyone loves because they make you feel, when they’re talking to you, like you’re the most important person in the world?

Stop checking your phone. It doesn’t notice when you aren’t paying attention.

Other people? They notice.

And they care.

 

2. Multitask during a meeting.

The easiest way to be the smartest person in the room is to be the person who pays the most attention to the room.

You’ll be amazed by what you can learn, both about the topic of the meeting and about the people in the meeting if you stop multitasking and start paying close attention.

 

3. Think about people who don’t make any difference in my life.

Don’t waste time thinking about people who don’t matter. Your family, your friends, your employees are the people that really matter to you. Give them your time and attention.

They’re the ones who deserve it.

 

4. Use multiple notifications.

You don’t need to know the instant you get an email. Or a text. Or a tweet. Or anything else that pops up on your phone or computer.

If something is important enough for you to do, it’s important enough for you to do without interruptions. Focus totally on what you’re doing.

 

5. Let the past dictate the future.

Mistakes are valuable. Learn from them. Then let them go.

The past is just training. The past should definitely inform but in no way define you–unless you let it.

 

6. Wait until I’m sure I will succeed.

You can never feel sure you will succeed at something new, but you can always feel sure you are committed to giving something your best.

And you can always feel sure you will try again if you fail.

Stop waiting. You have a lot less to lose than you think, and everything to gain.

 

7. Talk behind someone’s back.

If only because being the focus of gossip sucks. (And so do the people who gossip.)

Spend your time on productive conversations. You’ll get a lot more done–and you’ll gain a lot more respect.

 

8. Say “yes” when I really mean “no.”

Refusing a request from colleagues, customers, or even friends is really hard. But rarely does saying no go as badly as you expect. Most people will understand, and if they don’t, should you care too much about what they think?

When you say no, at least you’ll only feel bad for a few moments. When you say yes to something you really don’t want to do you might feel bad for a long time–or at least as long as it takes you to do what you didn’t want to do in the first place.

Read the full article at Inc.com here.

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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:

Small apartments set for a big future

State by state population figures explained

11 common property investment finance mistakes to avoid – Part 1

11 common property investment finance mistakes to avoid – Part 2

The economic history of the world in one little graph

This week’s Property News video with Kevin Turner | 22nd April



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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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