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.
NAB’s CEO Andrew Thorburn: Home-lending curbs could hit the wrong target
Are the tough home lending penalties hitting the wrong people?
According this an article on Domain.com.au the CEO of NAB seems to think so, in fact he urges regulators to be careful with their policies.
Australian regulators need to be careful tougher home-lending curbs don’t lock people who can afford to buy a house out of the property market, the chief executive officer of National Australia Bank Ltd. said.
The Australian Prudential Regulation Authority last month tightened restrictions on interest-only loans, which are favoured by property investors, as surging home prices stoke concern of a housing bubble.
“They are trying to fight a fundamentally momentum-driven phenomenon,” National Australia Bank CEO Andrew Thorburn said in Sydney on Tuesday, pointing to rapid population growth and low interest rates as key factors driving demand.
“We have to be careful that we don’t over-react.”
Small business and infrastructure groups need to become involved in the debate over longer-term solutions to housing affordability, he said.
“In a way we haven’t heard the voice of the people,” Thorburn said, citing the example of someone who is “kept out of the market because of these rules and they see prices continuing to go up.”
National Australia, which reports half-yearly results next month, is the country’s biggest business lender.
Over the past 18 months it has sold overseas assets and restructured to focus on retail and corporate banking in Australia.
Read the full article here
Building Inspections can be a win/win + What drives property growth? = What agents need to tell buyers about a property
Another great Real Estate Talk show produced by Kevin Turner.
Michael Yardney answers the question – ‘What is likely to drive future property price growth?’
Andrew Crossley discusses how to sort your finances up front
Dr Andrew Wilson says negative talk and speculation has a negative impact on the market
Tim O’Dwyer reveals what an agent must tell you about a property before you buy
Andrew Mackie Smith says building inspections should be part of the listing process
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Foreigners taking our jobs?
Results have shown that a great deal of new full time jobs have been given to overseas workers.
It’s been pointed out that most full time new jobs since the financial crisis have gone to overseas born workers.
No doubting that this is absolutely true on a net basis.
A quick glance at the population pyramid explains part of the reason.
Immigration policy encourages workers under the age of 30 to come to Australia.
Meanwhile at the other end of the spectrum, mostly Australian-born workers are dropping out of the workforce, or shifting to part time employment.
Thus on a net basis, most of the growth in new full time jobs is accounted for by overseas born employees.
In reality, as I’ve shown many times on this blog immigration can rise faster when the economy is firing, and naturally falls again when the economy is weaker and thus not creating the jobs that incentivise migrants to come to Australia.
Read the full article here
How Many Homes Does The “Typical” Victorian Own?
The first of the census results came up with some interesting outcomes for the state of Victoria, prompting the question – who is the ‘typical Victorian’?
This article from The Urban Developer looks into some of those results, particularly surrounding home ownership in Victoria.
Well, technically none.
But if you are 37, female, married with two children, and you have a mortgage on a three-bedroom home, you’re the “typical” Victorian, according to the 2016 census.
This compares with 2006, when the typical Victorian owned their home outright.
But today, You’ll also have two cars (the results are unclear whether finance remains) and at least one of your parents was born overseas, plus – you’ll have English ancestry.
The typical Victorian was born in Australia, her ancestors are English and she speaks English at home.
2011 and 2006, the ‘typical’ Victorian’s parents would have both been born in Australia.
Unlike Victorians, the “average” NSW person owns their three-bedroom home outright, according to the results.
Victorians fared better than Queensland, with the average Queenslander either “owning their home with a mortgage” or “renting,” according to the results.
The Australian Bureau of Statistics (ABS) conformed the preliminary response rate for the 2016 Census of Population and Housing was more than 96 per cent.
Australia’s population has changed a lot over the past 105 years – in 1911, when the first Census was taken, the ‘typical’ Aussie was a 24 year old male, but women have outnumbered men since 1979.
The age of the ‘typical’ Australian varies across the states and territories.
Read the full article here
What 11 highly successful people eat for lunch
It’s often said – you are what you eat.
So what should you be eating to reach success?
An article on Business Insider has revealed the lunches of some of the most successful people in the world, and while there’s no direct correlation between their meals and success – it couldn’t hurt to try…
We’re always being told breakfast is the most important meal of the day, but if, like me, you appreciate your time in bed, you probably never leave enough time in the morning to grab some toast.
This means you’re ravenous by lunchtime, and bound to enjoy your cuisine more than any early morning porridge.
Successful people are known to start their days with exercise routines and healthy breakfasts, in a way that many of us just don’t. But what do they do when lunchtime rolls around?
Are you likely to bump into Bill Gates in Pret A Manger?
We looked into what 13 highly successful people reportedly eat for lunch.
You might find some of their choices surprisingly relatable.
Michelle Obama — A vegetarian pizza.
Mark Zuckerberg — Mostly vegetarian dishes.
President Trump — Anything he likes.
Oprah — Soup and a salad.
Madonna — Anything with sea vegetables.
Novak Djokovic — Pasta primavera.
Steve Jobs — Apples (yes, really.)
Gwyneth Paltrow — A chicken salad
Michael Phelps — A meatball sub
Nicole Scherzinger — Turkey and vegetables
Andy Murray — Salmon and rice
Click here for the full article
Weekend video: Are You Normal?
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