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.
The weekend will be over before you know it, so enjoy some weekend reading…and please forward to your friends by clicking the social link buttons.
Top 100 Property Websites & Blogs For Property Industry Pros
Anyone who has ever started a business, a blog or project knows it’s not easy.
There’s a tone of work. challenges, and lessons to learn along the way – but in the end perseverance really does pay off.
The Best Property blogs from thousands of top Property blogs in our index using search and social metrics.
These blogs are ranked based on following criteria
- Google reputation and Google search ranking
- Influence and popularity on Facebook, twitter and other social media sites
- Quality and consistency of posts.
- Feedspot’s editorial team and expert review
Top 100 Property Blogs Winners
CONGRATULATIONS to every blogger that has made this Top Property Blogs list!
This is the most comprehensive list of best Property blogs on the internet and I’m honoured to have you as part of this!
I personally give you a high-five and want to thank you for your contribution to this world.
If your blog is one of the Top 100 Property blogs, you have the honour of displaying the following badge on your site.
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Read the full article here
Gold Coast market grows because of the Games + We can’t say the word but here is what it means
Another great Real Estate Talk show produced by Kevin Turner.
Michael Yardney looks back on last year, 2016 and discusses what we can take away from there that we can bring into this year?
Andrew Mirams discusses who is at risk from cross collaterisation
Kevin Brogan explains why despite what it may seem like, these are not ‘boom’ times’
Diaswati Mardiasmo talks about what will happen to Gold Coast property prices before and after the Games
Michael Sloan talks about his book called ‘The Formula to Successful Property Investing’.
If you don’t already subscribe to this excellent weekly internet based radio show do so now by clicking here.
It may be the most livable city in the world – but land and house prices in Melbourne keep on rising.
I looked at some residential property price figures for Victoria.
It’s not a market I’m particularly familiar with, but the 2015 figures from the DTPLI clearly showed land and house prices rising faster in metropolitan Melbourne (8.3 per cent) than in regional Victoria (2.5 per cent).
That’s not that too surprising, as metro Melbourne where almost all of the record population growth is happening, and where most of Australia’s jobs are being created too.
Drilling in to the metropolitan Melbourne figures, below I plotted median land prices against median house and unit prices.
The first thing of note is that since 2012 house prices have been outperforming unit prices, reflective of the high level of supply in the new apartment sector.
The second point – which initially I found confusing – is that the land to dwelling price ratio has remained constant for three decades.
That’s not what I was expecting to see at all; rather I was expecting the land component to account for most of the price gains.
The reason the chart presents as it does is that it covers only the median and mean value of vacant land, which is often located further from the city.
The figures show that Melbourne’s median sale price for vacant residential land increased by 4.3 per cent from $210,900 in 2014 to $220,000 in 2015.
Median land values in landlocked suburbs have often risen much faster over time, in turn resulting in very high house prices in blue chip suburbs.
Noted the DTPLI:
“The 10 suburbs in metropolitan Melbourne with the highest median house sale prices in 2015 were Toorak at $3,850,000, Deepdene at $2,720,000, Canterbury at $2,481,500, Jolimont at $2,350,000, Middle Park at $2,317,000, Brighton at $2,272,500, Malvern at $2,210,000, Balwyn at $2,200,000, Armadale at $2,160,000 and East Melbourne at $2,100,000.”
Read the full article here
Reserve Bank head warns house price speculation is a risk to Australian economy
There’s been a great deal of talk and speculation when it comes to the property market and the Australian economy.
But what does it all really mean?
According to an article for The Guardian loans need to be treated with great caution.
Philip Lowe says too many interest-only loans being issued to people with the ‘skinniest of buffers’ and blames tax policies, such as negative gearing.
The Reserve Bank governor, Philip Lowe, has warned the cycle of surging house prices, where people are investing in residential property in the hope of ongoing capital gains, further fuelling house prices, is a risk to Australia’s economy.
He has warned too many loans are still being made to borrowers with the “skinniest of income buffers” and says banks must stop issuing so many interest-only loans.
He has also flagged more regulatory measures from the Council of Financial Regulators if last week’s attempts to curb investor lending do not encourage banks to stop issuing so many mortgages.
It is his strongest intervention yet to the debate about runaway house prices.
“Over the past year, close to 40% of the housing loans made in Australia have not required the scheduled repayment of even one dollar of principal at least in the first years of the life of the loan; only interest payments are required,” Lowe said on Tuesday.
“This is unusual by international standards.”
Speaking at the Reserve Bank board dinner on Tuesday night in Melbourne, Lowe said current problems with specific housing markets in Australia were complicated, and were generally caused by a lack of supply.
But the lack of supply has been exacerbated by easy availability of credit which has amplified demand, he said.
He said banks must pay special attention to their serviceability assessments, because “too many loans are still being made where the borrower has the skinniest of income buffers after interest payments.”
“In some cases, lenders are assuming that people can live more frugally than in practice they can, leaving little buffer if things go wrong.”
He said last week’s attempt by the Australian Prudential Regulation Authority to dampen investor lending should help to pull the “whole system” back to a more sustainable position.
This included reducing the proportion of new loans that are interest-only.
Read the full article here
World’s 50 Best Restaurants 2017: Attica and Brae make the list
2 Victorian resultants have made their stamp on the world map.
The world’s top restaurants were recently announced, and this article from The Good Food has highlighted our home grown champions.
In a huge night for Australian food two Victorian restaurants have made the World’s 50 Best Restaurants list.
At a gala event held on home turf, regional Victorian restaurant Brae and Melbourne’s Attica were named among the top 50 restaurants in the world, on what is the industry’s most respected rankings list.
Held at the historic Royal Exhibition Building in Carlton, it was only the second time the Oscars of the food world have been hosted outside London.
Dan Hunter’s four-year-old regional restaurant, Brae in Birregurra, came in at number 44 to crack the top 50 and join Ben Shewry’s Ripponlea restaurant Attica, which moved up one place to 32 in its fifth year on the coveted list.
Manhattan’s Eleven Madison Park has been named the world’s best restaurant, while 2016 winner Osteria Francescana moved to second place.
Past winner El Celler de Can Roca in Spain rounded out the top three.
Swiss-born chef Daniel Humm and general manager Will Guidara, a native New Yorker, bought the Eleven Madison Park together in 2011 from then-owner and manager Danny Meyer.
It’s the restaurant where the words “dress code” are probably more Googled than “menu” (there actually isn’t one; just remember to take off your hat in the restaurant), a place famous for its service and its impeccable attention to detail.
“All of us here, we have the chance to give people the grace to forget about something for a moment, we get to give them a bit of magic in a world that needs more of it,” Humm said as he accepted the award.
Brae’s inclusion in the list will come as little surprise to those who have tracked Hunter’s career.
He’s the chef who made a three-and-a-half hour trek from Melbourne to the Royal Mail Hotel in the town of Dunkeld an essential pilgrimage for city-dwellers when he was cooking there.
When Hunter landed in Birregurra with Brae, a produce-driven, garden-girt restaurant that read as fully-formed from day one, he promptly won every local award including three hats and The Age Good Food Guide Restaurant of the Year.
Since hitting the World’s 50 Best Restaurants’ longer 51-100 list two years ago, diners have been waiting for the ascension.
The slightly higher placing of Shewry’s Attica should be especially sweet for the chef, as it is the second year he has also been the owner of the suburban fine diner.
Sweeter still, the awards taking place in Melbourne mean both Hunter and Shewry can celebrate on home turf.
Shewry was predictably thrilled.
“We’re a small restaurant and we work really hard. It’s an incredible achievement for the team – 32 people and they’re just incredible.
On Brae joining Attica in the top 50, Shewry says “It’s better than our own award. The guys at Brae are our friends and they push us and inspire us every day. There’s never any jealousy, it’s just great for us and for Victoria.”
Click here for the full article
Weekend Video: 8 Cool Google Maps Tricks And Hidden Features (2017):
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