Saturday Summary – the most interesting articles I’ve read this week (2014/11/15)

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.

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

Australian House Price Rises Amongst World’s Fastest

Your Investment Property Magazine reports that yhere is only one country in the world where house prices have increased more rapidly than Australia,

Over a 30-year period, prices in Australia have increased 221.4%; UK prices rose 231.9%.

In contrast the US market has seen price rises of just 53.2%; mainland Europe’s biggest economy Germany has seen prices decline 7.8% over the period; Japan is down 14.5%. Population growth, immigration and under-supply of housing are all factors in the Australian price rises.

Agents sharpen skills | A house or an apartment? | Margaret Lomas disagrees with us

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:

  • The reserve price at a property auction is one of the most mis-understood areas according to auctioneer of the year Will Hampson.
  • Which makes a better investment: a house with land or an apartment. Some demographers suggest we are so much in love with the idea of having big spaces to raise a family that it’s impossible for us to change – but it appears we are changing as Michael Yardney points out.
  • Rob Balanda answers the question …“I have heard you talk about joint ventures but if I have the money, and don’t need any “money partners”, why would I take the risk of doing a Joint Venture with others”?
  • Jan Somers tells the amazing story of a letter she found that was written about 50 to 60 years ago that dispels the myth that Australian and New Zealand property is not affordable.
  • Margaret Lomas from Destiny Financial Solutions takes us to task over whether cash flow should be called a strategy. But why do so many people see it as a strategy? Margaret believes it has to do with security.

Sydney property booming, elsewhere cooling

Regular Property Update Blogger Pete Wargent’s excellent blog is always full of his great commentary on what’s happening I property and with this week’s release of data he’s been really busy.  He explains:

Sydney dwelling prices recorded 2.7 percent price growth in the September quarter to be 14.6 percent higher over the year to Q3.

However, no other city recorded growth of greater than 1.0 percent in Q3, suggesting that market momentum is contained and possibly fading outside of the harbour city.

pete wargent chart 1

To contextualise this, Sydney has actually been the weakest market performer since the end of the city’s preceding boom to 2003, with capital cities such as Darwin going gangbusters over the past decade.

pete wargent chart 2

Victorian politicians’ $136 million of property

Property Observer asks with Victoria’s parliament is set for an election in November 2014 what sort of policies and forward direction will politicians and their parties promise with respect to housing? They note:

It is evident that parliamentarians are heavily invested in the property game.

The 128 members in both houses of the Victorian parliament have an ownership stake in a total of 254 properties – an average of 2.0 properties per member, conservatively estimated at around $136 million.

This is calculated by multiplying the Melbourne median dwelling price of $535,000 by 254 properties, as of September 2014.

The real total is probably considerably higher, with well-off politicians more likely to purchase real estate in prime suburban and coastal areas above the median.

Property investment is popular right across the political spectrum and is a common thread binding the normally divided and bickering politicians together.

10 ways rich people think differently

If you ask Thomas Corley, being rich has very little to do with luck and everything to do with habits. Corley, spent five years monitoring and analyzing the daily activities and habits of people both wealthy and living in poverty.

Here are 10 ways Corley found that rich people think differently, based on statements with which they identify.

1. Rich people believe their habits have a major impact on their lives.

“Daily habits are critical to financial success in life.”
Rich people who agree: 52%
Poor people who agree: 3%

2. Rich people believe in the American dream.

“The American dream is no longer possible.”
Rich people who agree: 2%
Poor people who agree: 87%

3. Rich people value relationships for professional and personal growth.

“Relationships are critical to financial success.”
Rich people who agree: 88%
Poor people who agree: 17%

4. Rich people love meeting new people.

“I love meeting new people.”
Rich people who agree: 68%
Poor people who agree: 11%

5. Rich people think that saving is hugely important.

“Saving money is critical to financial success.”
Rich people who agree: 88%
Poor people who agree: 52%

6. Rich people feel that they determine their path in life.

“I believe in fate.”
Rich people who agree: 10%
Poor people who agree: 90%

7. Rich people value creativity over intelligence.

“Creativity is critical to financial success.”
Rich people who agree: 75%
Poor people who agree: 11%

8. Rich people enjoy their jobs.

“I like (or liked) what I do for a living.”
Rich people who agree: 85%
Poor people who agree: 2%

9. Rich people believe that their health influences their success.

“Good health is critical to financial success.”
Rich people who agree: 85%
Poor people who agree: 13%

10. Rich people are willing to take risks.

“I’ve taken a risk in search of wealth.”
Rich people who agree: 63%
Poor people who agree: 6%

Life expectancy for Australian males surges past 80 for first time

The Sydney Morning Herald reports that for the first time in history, Australian men can expect to live past 80.

The breakthrough means that Australia has joined an elite group of countries.

Among them are Switzerland, Japan and Iceland, where both men and women can expect to live past their 80th birthday.


Weekend video: ‪ How to impress in meetings (1 minute video)

Here’s a persuasive mindset trick to show you how to impress more people.

Blogs you may have missed this week:

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

Do you want to contribute more to super? | David Hasib

From a quarter acres block to 90sqm | John McGrath

Homes open for inspections – the risk to you and your valuables | Rob Balanda

Timeless advice from some very successful people | Michael Yardney

G20 or G20th century? Our leaders blind to the next wave of disruption | Mark Triffitt


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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

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