Weekend Reads: Catch up on the most interesting articles from this week

There are more interesting 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 ones I’ve read during the week.

Monday will be here before you know it, so enjoy for some weekend reading…and please forward to your friends by clicking the social link buttons.

Top Five Scams Exposed

Fake bills, sham refunds and bogus lottery prizes are among the top five scams targeting Victorians, the state’s consumer watchdog has revealed.

The end of the financial year is a peak time of year for scammers to target people lodging their tax returns.

In 2014-15, Consumer Affairs Victoria received more than 1250 reports of scams. As of June 15, the top five were:

  1. Money Transfer Scams (the promise of a cash refund for a fee) – more than 400 reports
  2. Scam1-1024x768False Billing Scams / Unauthorised Advertising (a fake invoice from an organisation) –170 reports
  3. Investment & Financial Scams (get-rich-quick by investing in fake shares or property) –140 reports
  4. Phishing / Smishing / Vishing (stealing personal details via email, text or voicemail) – 110 reports
  5. Bogus Lotteries or Prizes (the promise of cash or material prizes for a fee) – 80 reports

Consumer Affairs Victoria said people should always be wary of unsolicited emails, phone calls or letters saying they have unclaimed funds, won prizes or are owed money.

You can also dob in a scam at the Consumer Affairs Victoria website www.consumer.vic.gov.au/scams

First Home Buyer to Investor | House Hunting This Spring? | 5 property investing lessons | Cross-Collateralisation – a fatal investor mistake? | Property Managers

Another great Real Estate Talk show produced by Kevin Turner.

In this show:

  • Michael Yardney gives us the five property investing lessons you never want to forget.
  • Louis Christopher from SQM Research talks about the impact on the market of the measures taken by APRA.
  • Andrew Mirams – our finance expert – says the tighter banking restrictions are even further evidence that cross-collateralisation is a fatal investor mistake.

If you don’t already subscribe to this excellent weekly Internet based radio show do so now by clicking here.

Common Cravings Blocked With This Simple Smartphone Game

Psyblog reports that just three minutes playing a classic game was enough to reduce common cravings.

As little as three minutes of Tetris can reduce cravings for food, sex and sleep by one-fifth, a new study finds.mcdonalds health burger food unhealthy fast maccas

Participants in the study played the old block-shifting game at random times during the day.

For the study, 31 people were prompted to report their cravings 7 times during the day.

Half the group, though, played Tetris, then reported their cravings again.

For the research, people reported experiencing cravings 30% of the time.

Cravings were for things like coffee, cigarettes, sex and socialising.

The most popular cravings were for food and non-alcoholic drinks.

See the full article here.

Selling Property In NSW May Soon Come At A Cost

Your Investment Property writes that selling property in NSW could soon carry a cost to vendors thanks to the state’s bid to better regulate its real estate industry.

Minister for Better Regulation Victor Dominello last week announced the formation of the Real Estate and Property Division, an arm of the NSW Office of Fair Trading that will take responsibility for all real estate and property functions, including industry regulation, in the state.

The division will have a heavy focus on consumer protection, and Dominello suggested over the weekend that could include making it compulsory for vendors to supply a standard inspection report to prospective buyers when selling a home.

Dominello said the possibility of mandatory reports, along with further industry changes such as more extensive training requirements for agent and forcing property spruikers to disclose agreements they have with developers would be considered in the first half of 2016.

That process would see the Real Estate and Property Division consult with the state’s peak real estate bodies.

Construction rebounds…for now

Pete Wargent comments on the latest construction figures.
The ABS released its Construction Work Done figures for the June quarter, which showed total construction for the quarter rebounding by +1.6 per cent to a seasonally adjusted $49.8 billion.
Over the last year total construction remained at historically very high levels at $198 billion, although this is now down from a sky-high annual figure of $211 billion one year ago.
See the full article here.

Weekend Video: Funniest Animal Fails Compilation

Because who doesn’t get a laugh out of the fails of our furry friends!

Apparently 917,000 viewers of Channel 7 did recently, when Cats Make You Laugh Out Loud unexpectedly topped the ratings several weeks ago.

Blogs you may have missed this week:

Research reveals the hopes and dreams of Australians

Do the rich live longer?

The Words You Use Affect the Way Others Perceive You

It’s the end of the world as we know it…again

Housing Affordability: How To Win This Argument With Your Parents

Want more of this type of information?


Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's 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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