Saturday, May 26, 2018

The Major Key to Your Better Future is You | Jim Rohn

Of all the things that can have an effect on your future, I believe personal growth is the greatest. Jim Rohn_2015

We can talk about sales growth, profit growth, asset growth, but all of this probably will not happen without personal growth.

It’s really the open door to it all.

In fact I’d like to have you memorize a most important phrase.

Here it is, “The major key to your better future is YOU.”

Let me repeat that.

“The major key to your better future is YOU.”

Put that someplace you can see it everyday, in the bathroom, in the kitchen, at the office, anywhere where you can see it everyday. 

The major key to your better future is YOU.

Try to remember that every day you live and think about it.

The major key is YOU.

Now, there are many things that will help your better future. 

If you belong to a strong, dynamic, progressive company, that would help.

If the company has good products, good services that you are proud of, that would certainly help.

If there were good sales aids, that would help, good training would certainly help.

If there is strong leadership, that will certainly help.

All of these things will help, and of course, if it doesn’t storm, that will help.lesson help guide key question

If your car doesn’t break down, that will help.

If the kids don’t get sick, that will help.

If the neighbors stay half way civil, that will help.

If your relatives don’t bug you, that will help.

If it isn’t too cold, if it isn’t too hot, all those things will help your better future.

And if prices don’t go much higher and if taxes don’t get much heavier, that will help.

And if the economy stays stable, those things will all help.

We could go on and on with the list; but remember this, the list of things that I’ve just covered and many more – all put together – play a minor role in your better future.

The major key to your better future is you.

Lock your mind onto that.

This is a super important point to remember.

The major key is you. A friend of mine has always answered when asked, “How do you develop an above average income?” 

He says, “Simple. Become an above average person. Work on you.”  


My friend says, “Develop an above average handshake.”

He says, “A lot of people want to be successful, and they don’t even work on their handshake.

As easy as that would be to start, they let it slide.

They don’t understand.” My friend says, “Develop an above average smile.

Develop an above average excitement. Develop an above average dedication.

Develop an above average interest in other people.”

He says, “To have more, become more.”

Remember; work harder on yourself than you do on your job.

For a long time in my life, I didn’t have this figured out.

Strangely enough, with two different people in the same company one may earn an extra $100 a month, and the other may earn a $1,000.

What could possibly be the difference?

If the products were the same, if the training was the same, if they both had the same literature, the same tools.

If they both had the same teacher, the same compensation plan, if they both attended the same meetings, why would one person earn the $100 per month and the other person earn the $1000?

Remember here is the difference…the difference is personal, inside, not outside, inside.

You see the real difference is inside you.

In fact, the difference IS you.

Someone once said, The magic is not in the products.motivation-1634875_1920

The magic is not in the literature.

The magic is not in the film.

There isn’t a magic meeting, but the magic that makes things better is inside you, and personal growth makes this magic work for you.

The magic is in believing.

The magic is in daring.

The magic is in trying.

The real magic is in persevering.

The magic is in accepting.

It’s in working.

The magic is in thinking. 12781843_ml

There is magic in a handshake.

There is magic in a smile.

There is magic in excitement and determination.

There is real magic in compassion and caring and sharing.

There is unusual magic in strong feeling and you see, all that comes from inside, not outside.

So, the difference is inside you.

The real difference is you.

You are the major key to your better future.

from Property UpdateProperty Update

Friday, May 25, 2018

Weekend reads – Must read articles from the last week

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.

NAB turfs cash rate call, now sees RBA on hold for another full year

It looks like the standstill on interest rates is set to remain as is.

According to this article from interest rates will not be moving for at least another year.

Disappointing economic data has seen one of the nation’s biggest economists this week steer sharply away from a previously upbeat forecast.  Reserve Bank Of Australia

Less than three months ago, NAB economists believed a strengthening Australian economy would see the Reserve Bank hike interest rates twice in 2018.

Now it expects no move for another full year, as the central bank looks content extending its record-breaking period of inaction.

NAB reviewed its economics forecast in February, changing its previous prediction from two single rate hikes this year to one, which it tipped to be in November.

On Monday, the bank released another update to its forecast – no move until mid-2019 – and that prediction is now “data dependent”.

“The change reflects the fact there is no sign yet of stronger wages growth and unemployment has been stuck around 5.5 per cent for the best part of a year,” NAB chief economist Alan Oster said. 

Wealth Retreat 2018 - General

The Reserve Bank has not moved interest rates since August 2016, with governor Philip Lowe signalling that while the most likely next move will be a hike, that may not happen for some time. Governor Lowe has become the longest-serving RBA boss to have not overseen a rate move.

“We still expect the economy to strengthen, leading to a declining unemployment rate,” Mr Oster said.

“This should eventually translate into stronger wages growth and give the RBA confidence that inflation will track back to its 2.5 per cent target.

However, we acknowledge there is considerable uncertainty around the timing at which wages growth will strengthen, and the time of the RBA’s next move will remain highly data dependent.”

Open homes:

The move from NAB brings the bank closer to the pack, with many other economists seeing a “lower for longer” attitude prevailing within the Reserve Bank.

“The data reinforces the view that the RBA will raise rates in February 2019,” Commonwealth Bank economist Elias Haddad said.

“Employment conditions in Australia are good but wage inflation is still relatively subdued. That gives the RBA plenty of space to stay on the sidelines for the time being.”

Read the full article here

Rise of Airbnb

Results show the rise of Airbnb continues to grow, and it’s not slowing down.

This Blog by Pete Wargent shows the statistics.

Short stays airbnb

Australia is becoming more and more…and more popular with tourists and short-term visitors to see family and friends.

The trend is predominantly being driven by Chinese and Asian tourism.

The same trend is also been pushed along by the lower dollar since the peak of the mining boom.

In New South Wales annual short-term visitors are fast closing in on 3.5 million.

Short Term Visitors

This potentially has some significant implications for the dynamics of the housing market.

Hotels are typically very expensive in cities such as Sydney – certainly in the areas close to the city.

Read the full article here

Sydney’s expensive housing market may be helping to boost economic activity in other parts of Australia

Sydney may be an expensive property market to buy into – but could it actually be helping the economy?

This article from Business Insider looks into the affect the Sydney property market is having on Australia’s economy.

It looks like Australian economic growth improved in early 2018, led by continued strength in the eastern states. Sydney+suburbs

However, Australia’s largest state economy, New South Wales, appears to be slowing on the back of weakening housing market conditions.

That’s the mixed news to come from ANZ Bank’s latest “Stateometer” with most state and territory economies seeing activity levels pick up in the March quarter compared to the levels seen late last year.

The Stateometer is a visual indicator that uses trends across 37 individual economic indicators to measure the performance of Australia’s states and territories over a particular quarter.

Think of it as a report card on how each state and territory economy performed compared to its historic average.

Here’s the latest snapshot.

ANZ Bank

For clarity purposes, any state and territory in the top half of the chart is deemed to be growing at an annual pace above its historic trend, while those in the bottom half are growing at below trend.

On the bottom axis, anything on the left suggests that economic activity is slowing, while anything on the right indicates it’s accelerating. Economy

Based off the economic indicators received in the March quarter, the news was mostly good.

Not only did the data suggest the broader Australian economy grew slightly above its perceived trend level, widely regarded as around 2.75% per annum, but so did most individual state and territories.

The December quarter Stateometer presented a similar view.

However, year-on-year GDP growth slowed to 2.4%, partially in response to a large drag from trade which was temporarily impacted by weather disruptions.

Without a 0.4 percentage point drag from export volumes, growth would have been at 2.8%.

However, while New South Wales continued to grow at an above-trend pace, the data indicates that momentum in the state is slowing.

“Activity in New South Wales slowed to just above its long term average in the first quarter,” said Cherelle Murphy and Jack Chambers, Economists at ANZ.

“Housing was the main drag, falling to its lowest in almost six years.

“Household and business activity were also negative influences.”

However, while momentum in New South Wales slowed, it improved in all of its state neighbours — Victoria, the ACT, Queensland and South Australia. Sydney Property

Murphy and Chambers said this could be due to high house prices in New South Wales, especially in its capital, Sydney.

“New entrants from overseas continue to boost all state and territory populations, but New South Wales’ net interstate migratory losses have worsened,” they said.

“It is likely that very high house prices have tempted some New South Welsh elsewhere.

“In Victoria, ACT, Queensland and Tasmania, where house prices are relatively lower, net interstate migration has remained positive.”

For those states more aligned to the mining sector, Western Australia and the Northern Territory, the Stateometer suggests they continued to underperform the national average, undermined, in part, by weak population growth.

“Western Australia’s economy slipped in the March quarter, with the state in the bottom left quadrant of the ANZ Stateometer,” said Murphy and Chambers. Population Groath A

“That indicates an economy that is growing below trend and decelerating.

Its population growth rate has slowed dramatically over the past five years and house prices have been edging lower for three.

“The Northern Territory also grew at a below trend rate but has accelerated relative to the end of 2017.

Falling house prices in Darwin have also accompanied slower population growth.”

Looking ahead, the pair said they are watching house prices closely given their flow-on effects to the remainder of the economy are extensive.

Read the full article here

Top 10 most popular suburbs for immigrants

All roads lead to Australia – but which suburbs are the most popular for migrants?

In this article for Switzer, John McGrath looks at the results.

New population stats give a fascinating insight into the most popular suburbs with our newest arrivals from overseas.

They show that immigrants continue to favour areas where there is a strong established community of fellow countrymen, affordable accommodation and/or proximity to jobs and universities. Australia Immigration

Along the East Coast states, it was the CBDs that were most popular, followed by suburban areas with big immigrant communities, according to recently released ABS Regional Population Growth figures for 2016-17.

It’s somewhat surprising to see that Brisbane CBD attracted the highest number of new international residents in 2016-17, with 12,847 net arrivals compared to 9,316 in Melbourne CBD and 8,505 in Sydney CBD.

Melbourne and Sydney are well known cities overseas and as such attract large numbers of new settlers.

However, immigrants are increasingly discovering the other capitals, with Brisbane certainly offering more affordable housing, not to mention great weather all year round and reasonable job prospects. china-real-estate

While the data didn’t specify where immigrants came from, we can draw some conclusions based on where they settled, especially in NSW and Victoria.

Take a look at the tables below.

We know it’s typical for those wanting to start new lives to do so in suburbs popular with fellow immigrants.

We also know that immigration from Asia and India is rapidly rising – in fact, it’s more than doubled over the past 10 years alone.  We also know that Sydney and Melbourne have received the lion’s share of Asian immigration in recent years.

It’s therefore not surprising to see suburbs with a high proportion of Asian and Indian-born residents being the most popular neighborhoods among new arrivals last year.

In NSW, Parramatta council area in Sydney’s west was the No 1 suburban hot spot for new arrivals, with 7,682 immigrants settling there. City S Suburb Market

More than 20% of Parramatta’s residents were born in India and China, according to the 2016 Census.

Victoria’s No 1 suburban hotspot was Monash council area in Melbourne, with 6,734 new immigrant settlers.

Monash has large Chinese and Indian communities representing a collective 18% of the residential population.

In Queensland, the Gold Coast council area attracted 5,374 new immigrants. Melbourne Suburbs Proce

The Gold Coast has traditionally been popular with New Zealanders (8% of the current residential population) and English immigrants (5.2%).

However, we’re definitely seeing growing appeal among the Chinese too, partly due to more Chinese development on the coast in recent years.

More than 3,500 Chinese-born residents moved to the Gold Coast between 2011 and 2016, according to the Census.

The opening of a dedicated Chinatown in Southport in 2014 and the first direct flights to China in 2015 reflects the Gold Coast’s rising Chinese resident profile.

Immigrant Hot Spots – Top 10 LGAS with new arrivals 2016-17


QldNet overseas immigration plays a bigger role in our national population growth than natural increase (births minus deaths), so it has a significant impact on our property market.

Read the full article here

THE list of Australia’s richest people has been revealed, and it includes one surprising “mystery” billionaire worth $5.9 billion.

The list is out!

So who made it to the top?

An article on reveals who topped this years’ Financial Review Rich List.

CARDBOARD box tycoon Anthony Pratt has topped the list of Australia’s richest people in 2018 with a record personal wealth of $12.9 billion.

Property developer Harry Triguboff came in second on the 2018Australian Financial Review Rich List with a record fortune of $12.77 billion, followed by mining magnate Gina Rineheart on $12.68 billion.  wealth rich money

Mr Pratt’s rising wealth comes both from the Visy cardboard box manufacturing and recycling empire, and the strong growth of Pratt Industries in the US, with the companies more than doubling in size since 2009.

The highest-ranked new entrant to the list is “mystery” billionaire Vivek Sehgah, the founder of India’s largest car parts manufacturer Motherson Sumi.

Mr Sehgah’s personal wealth of $5.88 billion places him ninth on the list.

“Less clear is the rationale for his Australian citizenship,” Rich List editor John Stensholt wrote earlier this week.

“Though some clues can be gleaned from records lodged with corporate regulators in Australia and abroad.

“Paperwork lodged with the Securities and Exchange Commission several years ago lists Australian as Mr Sehgal’s nationality, while documents for a fundraising in India led by the local office of JPMorgan confirm that not only is Mr Sehgal an Australian citizen, but he also ‘does not have an Indian-voter identification card’.”

#1: Anthony Pratt. Picture: Aaron Francis/The Australian

#1: Anthony Pratt. Picture: Aaron Francis/The AustralianSource:News Corp Australia

#2: Harry Triguboff. Picture: Adam Yip/ The Australian

#2: Harry Triguboff. Picture: Adam Yip/ The AustralianSource:News Corp Australia

#3: Gina Rinehart. Picture: Nigel Hallett

#3: Gina Rinehart. Picture: Nigel HallettSource:News Corp Australia

#4: Hui Wing Mau. Picture: Paul Hilton/Bloomberg

#4: Hui Wing Mau. Picture: Paul Hilton/BloombergSource:Supplied

#5: Sir Frank Lowy. Picture: Toby Zerna

#5: Sir Frank Lowy. Picture: Toby ZernaSource:News Corp Australia

Hong Kong-based property tycoon Hui Wang Mau was fourth on the list with $9.09 billion.

He holds Australian citizenship after studying for an MBA at the University of South Australia in the 1990s.

His wealth is derived from the Hong Kong-listed Shimao Propery and extensive rural investments in Australia.wealth rich money

Retailer Frank Lowy rounded out the top five with $8.42 billion courtesy of shopping centre giant Westfield, which was acquired by Paris-based property group Unibail-Rodamco in a $32 billion takeover deal approved by shareholders on Thursday.

The total wealth of the Rich List was $282.7 billion, up from $233.1 billion last year, and it was only the second year in its 35-year history that three names had wealth above $10 billion. The average wealth per person was a record $1.41 billion.

There were 19 women on the list, including eight female billionaires.

Rich ListRich List2

Read the full article here

Weekend video: Do You Hear “Yanny” or “Laurel”? (SOLVED with SCIENCE)

from Property UpdateProperty Update

Property Market Value trends | Sydney

Here’s what’s happening in the Sydney property market according to Corelogic’s Decile report.

Sydney S PopulationThe report provides a detailed analysis at different levels of Australia’s property market by dividing the market into ten equal groups (or deciles) based on tiers of property value.

By analysing changes in dwelling values across each decile, the report identifies which parts of the market are over or under performing relative to the headline trends, summarising property market conditions nationally and across each of the capital cities.

Dwelling values in Sydney have fallen over the three months to April 2018 as well as being lower over the past year.

In fact, Sydney dwelling values recorded an annual fall of 3.4% which is their largest decline since April 2009.

Sydney dwelling values are now -4.3% lower than their July 2017 peak.

Despite the recent decline, Sydney dwelling values remain 58% higher than they were five years ago.

Over the past three months, the 1st decile, which represents the city’s most affordable housing stock, was the only segment in which values did not fall.



The largest quarterly value falls were recorded across the 9th and 10th deciles however, the 6th and 8th deciles also recorded falls in excess of the city-wide -1.2% fall.

Dwelling values over the 12 months to April 2018 were higher across the 1st and 2nd deciles but were lower across each of the remaining market segments.

The most substantial fall in values over the year occurred across the 10th decile (-7.2%) and the 9th decile (-6.3%).

Although headline values fell by -3.4% over the year, it was the substantial values falls across the most expensive 20% of properties which dragged the overall market lower, with the 8th decile the only other segment to record a value fall of more than -3.4%.

Based on the value band performances, housing stock valued in excess of $1.4 million is currently seeing the greatest value falls in Sydney.

Meanwhile, properties valued below $640,000 have largely avoided value declines over the past year.

from Property UpdateProperty Update

Thursday, May 24, 2018

Do you feel obliged to tip at a restaurant? 1.8 million Aussies do!

Do you tip when dining out at a restaurant?

Unlike in the United States, tipping isn’t an integral part of Australian culture, but new research shows 1.8 million diners have felt obliged to tip anyway.

The survey of 1,845 diners shows one in nine (11%) have felt pressured when presented with an EFTPOS machine showing ‘$0.00’ after their meal, and half of these diners have left a tip due to this pressure. Give Money

However, the majority (51%) of Australian diners simply refuse to tip.

The main reason Australians don’t tip is because they believe they’re already paying a fair price for their dining experience (28%).

A further 14% say they don’t tip because they believe hospitality staff get paid well enough, and 10% of respondents said they don’t tip for a variety of reasons.

Some respondents went as far as to say “We’re not the United States”, stating that tipping isn’t part of local Australian culture.

Aussie Tipping Habits

Bessie Hassan, Money Expert at, says there are many reasons why Australians may not feel inclined to tip.

“Whether it’s not embedded in our culture, a belief that hospitality workers receive a fair wage, or simply that Australians don’t have the surplus cash or are struggling to pay off personal debt, there are multiple reasons why Aussies don’t tip,” she says.

Ms Hassan says with a minimum wage of $18.29, Australians may not feel required to leave a bonus for hospitality staff. 


“Most people dine out in the evening or on the weekends which are time periods often dominated by casual workers who receive a 25% loading, which boosts the minimum wage to over $22 per hour.

“Unlike in the United States, Australian workers do receive a fair wage and this is well-known among locals.

“Rather than tipping, Aussies may be more likely to thank staff or the venue on social media if they have a great experience, perhaps even leave a glowing online review.

“Social praise and reviews speak volumes of the venue and their staff, and could be more valuable to the business in the long-term,” Ms Hassan says.

However, the research shows 22% of Australian diners will tip but only if the service is exceptional with the main tipping destinations being at restaurants, cafes and taxis.

“If you feel compelled to tip, you may want to shell out around 5-10% of your total bill as a guide.

“While it’s not expected, it’s certainly appreciated in service industries,” she says.

from Property UpdateProperty Update

Wednesday, May 23, 2018

Richard Branson’s 10 Steps on how to achieve your goals

Sir Richard Charles Nicholas Branson is an English business magnate, investor and philanthropist.

He founded the Virgin Group, which controls more than 400 companies.

Branson has developed a reputation for being a risk-taker and someone who values fun over everything else.

Here’s some of his rules for success to inspire you…

1. Write down every single idea you have. No idea is too small, and no idea is too big.

2. Always carry a notebook. You need somewhere to write your ideas down, and while using a folder on your phone is better than nothing, a piece of paper is far more memorable.

3. Find a list method that works for you. Doodles, bullet-points, charts–what suits you best? I find a combination of short phrases and scribbled pictures works best for me.


5. Mark off every completed task. There are few more satisfying things than ticking off a job well done.

6. Make your goals measurable so you know if your plans are working. There’s no point setting targets if you don’t know whether you are hitting them.

7. Set far off, outlandish goals. Resolutions shouldn’t have just short-term endpoints. What do you want to have achieved in five years? How about in 50 years?


9. Share your goals with others. You can help motivate one another and hold each other to account. But remember that, in the end, you are doing this for yourself.

10. Celebrate your successes, and then make new lists of new goals. The cycle should continue as you make more and more progress. I have boxes and boxes of old notes, filled with old lists, and I’m busy making more.

Bonus piece of advice…



from Property UpdateProperty Update

Monday, May 21, 2018

Melbourne Housing Market Update [video] | May 2018

In Melbourne, the market`s resilience to a downturn seems to be wearing off, with month on month declines gathering some momentum.

Core Logic has released their newest housing market update for May 2018.


Dwelling values were down 0.4% in April, taking values 1.1% lower since peaking in November last year.

Similar to Sydney, the local unit market, where price points are more affordable, has shown some relative strength, in fact unit values across Melbourne remain at record highs after rising 0.2% over the first four months of the year.

As the market softens, listings numbers are tracking higher, up 5.1% relative to last year.

Despite the rise in inventory, private treaty selling time remains very low at just 29 days and discount rates are also low, tracking at 4.7% suggesting vendors are still holding some leverage in the selling process.








Metropole Property Home Buyers Enquiry

from Property UpdateProperty Update

Sunday, May 20, 2018

10 Inspirational Quotes From Jim Rohn

The late Jim Rohn was a gifted storyteller with dynamic delivery and thought-provoking substance.

His philosophy was an important influence on me as I was growing my wealth and business so today I’d like to start the week with a collection of his quotes:

1. “To become financially independent you must turn part of your income into capital; turn capital into enterprise, turn enterprise into profit; turn profit into investment; and turn investment into financial independence.”


3.  “Success is nothing more than a few simple disciplines, practiced every day, while failure is simply a few errors in judgment, repeated every day. It is the accumulative weight of our disciplines and our judgments that leads us to either fortune or failure.”

4.  “There is no better opportunity to receive more than to be thankful for what you already have. Thanksgiving opens up the windows of opportunity for ideas to flow your way.”

5. “Goals. There’s no telling what you can do when you get inspired by them. There’s no telling what you can do when you believe in them. There’s no telling what will happen when you act upon them.”


7. “Don’t sell out your virtue and your value for something you think you want. Judas got the money, but he threw it all away and hung himself because he was so unhappy with himself.” 

8. “Values were meant to be costly. If it doesn’t cost much, we probably wouldn’t appreciate the value.”

9. “If you don’t like how things are, change it! You’re not a tree.”

10. “Happiness is not something you postpone for the future; it is something you design for the present.”

And your bonus for this week:

Pablo (90)


from Property UpdateProperty Update