Saturday Summary – the most interesting articles I’ve read this week (2014/04/26)

There are more 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 things I’ve read during the week. Also there’s a great video to watch at the end

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

Spiralling cost of living?– Pete Wargent

Regular Property Update Blogger Pete Wargent writes in his blog that the spiraling cost of living is a bit of a myth. Quoting Greg Jeico he says:

“Over the past 10 years, average male earnings have increased by nearly 22 per cent more than the inflation rate”.

growth of images


Bursting the bubble talk | Walkable suburbs | Avoiding a common investor mistake | Rental guarantees

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:

Louis Christopher is out to burst the bubble of those who say we have a property bubble.

Michael Yardney explains what a ‘walkable suburb’ means when looking at lifestyle, locations and facilities.

Rachel Barnes tells us what she sees as the most common mistake property investors make.

Nhan Nguyen explains why he didn’t invest in mining towns.

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.


Property Investors Dominate World’s Billionaires List

If you still need proof that property investment can make you rich, Your Investment Property Magazine suggests you take a look at the latest line up of Forbes Billionaires List.

A total of 135 property tycoons now make up the world’s wealthiest list with 14 property billionaires joining the ranks this year alone, boosted by surging property values around the world.

Chinese business man  Lee Shau Kee topped the list of the world’s richest property tycoons with an estimated net worth of $19.6 billion, but Australia wasn’t forgotten with our own Harry Triguboff, aka “High-Rise Harry”, also named among the richest property investors.


NAB survey finds foreign buyers increasing and not in line with F.I.R.B. figures

The ABC reports the NAB recent survey of real estate professionals and investors showing foreign purchasers now account for up to a quarter of buyers in some markets.

It has found that an estimated 24.4 per cent of new dwelling sales in Queensland are going to foreign buyers, while sales to non-citizens or permanent residents amounted to 13.9 per cent of the market for new or off-the-plan sales nationwide.

Perhaps more surprising is that foreign buyers were estimated to be the purchasers in 9.5 per cent of established property sales, and 12.7 per cent in New South Wales – there are tight restrictions on such purchases, which are generally only allowed to temporary residents while they are in Australia, with the property having to be sold once they leave.[sam id=43 codes=’true’]

These figures are out of accord with Foreign Investment Review Board figures from last financial year, which suggest that overseas citizens and residents accounted for just $17.2 billion of purchases out of a market where around $250 billion worth of property changed hands last year, according to RP Data’s estimates.

Those figures would mean foreign investment makes up around 7 per cent of the residential market.

The FIRB figures suggest around $6 billion of that investment comes from Chinese buyers, making that segment around 2.4 per cent of the Australian real estate market.

However, there is widespread scepticism about the effectiveness of FIRB’s checks on purchases, and it is believed that many foreign investors avoid restrictions by getting Australian residents or citizens to buy on their behalf, or by simply failing to apply to FIRB.

That means the actual level of foreign investment could be more in line with NAB’s estimates, which closely accord with a recent analysis by Credit Suisse and a survey of high-wealth Asians by HSBC.

The Federal Government has launched a parliamentary inquiry into foreign real estate investment, the rules governing it and whether they are being effectively enforced.

The 3D printer that can build a house in 24 hours

Forget weeks to find a builder and months for house construction, a machine developed in the United States can build a 232sq m home layer by layer in a single day according to

University of Southern California’s Professor Behrokh Khoshnevis has designed the giant robot that replaces construction workers with a nozzle on a gantry, this squirts out concrete and can quickly build a home according to a computer pattern.

It is “basically scaling up 3D printing to the scale of building,” Prof Khoshnevis told msnUK.

The technology, known as Contour Crafting, is a robot that automates age-old tools normally used by hand. These are wielded by a robotic gantry that builds a three-dimensional object.

Strong walls are built up layer by layer using concrete with automatic reinforcement, while plumbing and electrics are also added by the system during the building process.

The nature of the technology means it will also be possible to create curved walls and architecture that is both “exotic and ‘beautiful”, according to Prof Khoshnevis.

As a result, it could be ideal to print out customised luxury homes.


9 Ways the Internet Will Change Your Life in 2025, for Better and Worse

In honor of the 25th birthday of the World Wide Web,  reports reseach of what more than 2,000 experts try to predict the Web and life will look like some 10 years out.

1. There will be added awareness of our world and our own behavior.

For this, we’ll have the Internet of Things, artificial intelligence, and big data to thank. This will change how we think about people, how we establish trust, how we negotiate change, failure, and success.

2. Information sharing will be so enmeshed in our daily lives that we mostly won’t even notice it.

We won’t think about ‘going online’ or ‘looking on the Internet’ for something–we’ll just be online, and just look.

3. Wearable devices will transform health care delivery.

4. Governments may lose control.

The Internet enables more people in the developing world to become more aware of disparities in access to health care, education, water, and human rights, and for everyone to become more aware of the cost of manipulative governments. The result will be more peaceful changes but also more public uprisings such as the Arab Spring.

5. The Internet will become (more) fragmented.

If you have a “work persona” on LinkedIn and use Facebook mostly to communicate with your relatives, you already know what we are talking about.

6. Education will be available to all.

7. Gaps between the haves and the have-nots may expand, leading to violence.

Social media makes it easier for people to share their frustrations; it also makes it easier for people to challenge the status quo–not necessarily peaceably.

8. The bad guys will have new tools to make life miserable for everyone else.

Privacy and confidentiality will become things of the past. As the world becomes less safe, terrorism and cyber-terrorism may become daily occurrences. Dirty tricks over social media may become more influential in political campaigns.

9. Say good-bye to privacy.

By 2025, only the relatively well-educated and affluent will have the ability to maintain their privacy. Whether they will choose to do so remains to be seen.

The report closes on a positive note, sharing a reminder voiced by many of the experts who were consulted: The best way to predict the future is to invent it.


Random Acts of Human Kindness  To Animals

My friend Philip sent me this – I’m not really into YouTube videos of animals – but this is very different. It brought a little tear to my eyes as I watched theses acts of kindness. Enjoy


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:

[Video] The latest property news with Kevin Turner | 23rd April

How important is transport infrastructure for property investors?- Damian Collins

8 Bad Habits You Should Cut Out Of Your Life

What Do Real Estate Agents Really Do For Their Money?- Jhai Mitchell

Do Banks Use a Formula When Lending on Commercial Property?- Chris Lang

Australian housing to the rescue – but is it too hot?- Shane Oliver




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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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