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 some weekend reading…and please forward to your friends by clicking the social link buttons.
Here’s how much the average Australian earns in a week
We may have come a long way since the 90s by way of technology, equality and health.
But according to the latest article in the Australian Business Insider our wage growth hasn’t caught up.
Fresh from learning that Australian wage growth slowed to the lowest level since the early 1990s recession, we’ve just learnt that Australian average weekly earnings grew at an even slower pace in the year to November.
According to the ABS, the average weekly earnings for all workers were $1,145.60, representing an increase of 1.5% from 12 months earlier.
Earnings of full-time workers grew at a slightly faster pace, increasing by 1.7% to $1,499.30 over the same time period.
Here’s a chart from the ABS that shows average weekly earnings by industry.
Find the full article here
Where is the ‘real’ value in property? + Criminals cause rules to be tightened
Another great Real Estate Talk show produced by Kevin Turner.
In this show:
- Michael Yardney reflects on the 7 significant traits Dr. Stephen Covey says successful people habitually exhibit
- Nadia Hana gives a glimpse into her journey, and offers sound advice for young property developers
- Dr Andrew Wilson unravels the theory that property prices always go up
- Gavin Hulcombe gives an alternative view to the theory that houses are a better investment
- Josh Masters reveals how you can get cash flow and capital growth in one property
- Ken Raiss discusses if new or established houses make better investments
If you don’t already subscribe to this excellent weekly Internet based radio show do so now by clicking here.
New home sales surge
After rising by some +6.0 per cent in the preceding month, new home sales rose by a further +3.1 per cent in January according to the latest Housing Industry Association (HIA) figures.The result was entirely driven by detached house sales (+5.8 per cent), while multi-units experienced a decline of the same magnitude.
Read the full article here
Top lawyer dismisses ‘bubble’ talk as ‘extraordinarily dangerous’
Blockbuster movie ‘The Big Short’ appears to have created awareness and fear about the state of our property market.
But in a recent article for Smart Property Investment the industries top lawyers claim there is no ‘Big Aussie Short’ to fear.
One of the mortgage industry’s most respected lawyers has spoken out about recent media reports on rampant mortgage fraud and an Australian property bubble.
Gadens partner Jon Denovan told Sterling Publishing that recent reports in the Australian Financial Review about loan applicants being told to lie about their income and the collapse of the housing market were “extraordinarily dangerous” and “sensationalist journalism at its worst”.
The leading financial services lawyer referred to a news article that appeared on the front page of Wednesday’s AFR, titled ‘Uncovering the big Aussie short’.
The newspaper reported that hedge fund manager John Hempton and economist Jonathan Tepper posed as a gay couple with a combined income of $125,000, viewing housing developments and meeting mortgage brokers in Sydney’s outer suburbs.
“What they discovered repeatedly was that mortgage brokers were advising them to lie on loan application documents about the deposit for a house and about income,” the AFRreported.
Mr Tepper told the AFR that “Australia now has one of the biggest housing bubbles in history”.
However, according to Mr Denovan, the alleged fraud would have nothing to do with a bubble because the bank is still getting its valuation.
Click here for the full article
15 fun things to type into Google
Long gone are the days when we searched through encyclopedias for answers, dictionaries for definitions or thesauruses for synonyms.
But for all of it’s educational purposes google has also become a comic distraction according to an article in the guardian.
Google’s easter eggs – funny little images, programs or widgets – are legendary, but many of them lie dormant, just waiting for users to type the magic words into the search box.
Are they clever? Some are.
Are they useful? Most aren’t.
But they’re all a welcome distraction from working.
They all work in Chrome on desktop, most work on mobile too, and some of them also work in other browsers.
Click here for the full article