Saturday Summary – the most interesting articles I’ve read this week (2014/06/28)

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 a social link buttons on the left.

The property boom isn’t over – it’s only just beginning

Terry Ryder writes in Property Observer that people who stare at graphs on computer screens and never get out of the office are lining up to declare that the national property boom is over.

Instead he believes that we haven’t had a national property boom – but one is about to start. He believes that death  of the Australian property boom have been greatly exaggerated. In many ways, it’s just in its infancy:

“There is significant momentum is building in real estate around Australia. Home-buyers remain busy and investors are becoming increasingly active. Building approvals are continuing their upward trend (ignoring the occasional monthly distortion). The latest survey shows a rise in consumer sentiment towards real estate.

Above all else, there is a rising tide of sales activity in most parts of Australia.

Many markets in Sydney and Melbourne still have upward momentum. But, more importantly, other capital cities are stirring. In Brisbane, Adelaide and Hobart, which last year showed little in the way of price growth, have significantly rising sales volumes.

Darwin, which appeared to taper off in 2013, sparked back to life late in the year and early in 2014. Perth, which did well in late 2012 and early 2013, still has many markets with growing sales activity.

There is also a push happening in regional Australia.”

10 things to consider before you buy an investment property | Buying property in super | Get the jump on off market properties

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:
Jacque Parker, President of REBAA, recommends investors get an independent second opinion when investing their super savings in real estate
Andrew Mirams shares his experience with us on buying a holiday home
I talk about the 10 things to consider before you buy an investment property

and more!

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.

Rich Melbourne Suburbs Ban High Rises

Your Investment Property reports that high-rise development has been largely banned in wealthy Melbourne suburbs, after Planning Minister Matthew Guy approved new residential zones.

“Two-storey limits have been set for Kew, Hawthorn, Camberwell, Brighton, Sandringham and Blacklock among others, The Agenewspaper has reported.

However, while this may be good news for NIMBYs – Not In My Back Yard campaigners – some planning experts are warning large scale developments will be stopped near the areas with the best infrastructure and transport.

  • In Boroondara Council (including Kew, Hawthorn and Camberwell) 76% of the area is now protected from high rise.
  • In Bayside Council (including Brighton, Hampton, Sandringham and Black Rock) 83% of the area is now protected from high rise.
  • In Stonnington Council (including Prahran, South Yarra, Toorak and Armadale) 38% of the area is now protected from high rise.”

NSW is the star economy – Pete Wargent

In his blog regular Property Update Blogger Pete Wargent explains why New South Wales will be Australia’s star economy of the coming decade.

“There are a number of reasons for that, including Sydney becoming a world class financial hub for Asia, and the harbour city becoming a self-sustaining jobs magnet, resulting in population growth and increased economic activity.

One of the key points I’ve been making is that Sydney in particular, unlike other locations, is not mining construction dependent, and the city has a massive backlog of homes and infrastructure to be constructed, and it is this which is going to kick-start the state economy into pole position.

In fact, it is already happening, with New South Wales to record 3% economic growth in 2014, and the state being forecast to do the same again in 2015, and in 2016 too.

The crux of the issue is that Australia’s economic growth has for too long been reliant upon construction mines, and needs to rebalance towards other forms of construction while mining production ramps up.”

What Rich People Have Next To Their Beds

You know what you’ll probably find on a successful person’s nightstand?

Books, according to  Tom Corley, the author of “Rich Habits: The Daily Success Habits Of Wealthy Individuals.”

His research finds that less financially successful people read for entertainment, while rich people read for self-improvement.

  • “11% of rich people read for entertainment, compared to 79% of poor
  • 85% of rich people read two or more education, career-related, or self-improvement books per month, compared to 15% of poor
  • 94% of rich people read news publications including newspapers and blogs, compared to 11% of poor people”

Men Forget More Than Women

PsyBlog reports a recent study which finds for the first time that men, on average, think they are more forgetful than women.

“In the study, people were asked nine questions about how good they think their memory is.

The questions asked included:

  • Whether they had problems remembering names and dates.
  • How good they were at remembering details of conversations.
  • If they could remember what they were doing one year ago.

For eight of the nine questions men reported more problems with their memory.”

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:

RP Data National Auction Comment; Week ending 22 June 2014 | Robert Larocca

It was those three words that saved my property dream- Lauren Day

10 things you must stop doing if you want to be happy

June Residex Property Market Update

RP Data – Unemployment peaks lower than forecast on lower participation



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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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