Article: Rental market tight in wake of floods

Rental market tight in wake of floods
http://www.theaustralian.com.au/business/property/rental-market-tight-in-wake-of-brisbane-floods/story-e6frg9gx-1226042446339

JANUARY’S floods in Brisbane and Ipswich had only a short-term effect on the southeast Queensland rental market, but the lack of new housing coming on to the market is leading to tighter competition for existing properties.

Figures issued by the Real Estate Institute of Queensland yesterday show that the vacancy rate for Brisbane’s rental market was 1.8 per cent for the six months to the end of last month, a big drop from the 2.6 per cent recorded in the six months to the end of last September.

While the January floods affected the prestige Brisbane riverfront property market, they also hit the rental markets in less affluent areas, some not directly on the Brisbane River.

Residential Tenancy Authority figures show that demand for three- and four-bedroom houses increased after the floods, while the two-bedroom unit rental market remained relatively stable.

But in general, agents are now reporting that the rental market has begun to return to normal conditions.

REIQ chairman Pamela Bennett said the impact of the floods on the rental market was mainly confined to flood-affected areas.

“With reduced rental accommodation in their immediate area, many tenants and home owners displaced by the floods had to look to other suburbs for accommodation in January and February,” Ms Bennett said.

But REIQ agents in unaffected suburbs reported that this did not result in any significant increase in rental demand in their local areas.

But the outlook in the Brisbane rental market is tempered by the overall slowdown in the housing industry throughout Queensland, particularly the southeast corner.

The biggest shortages of rental housing were in the areas immediately around Brisbane, with significant drops in vacancy rates in the Caboolture and Pine Rivers areas.

Most of the regional cities were steady, but there were substantial drops in vacancy rates in Cairns, Townsville and Rockhampton.

Ms Bennett said the rental market was starting to be affected by the subdued property market with few first-home buyers and investors leading to more demand and less supply in the rental market.

“This also occurred in 2008 when high interest rates deterred buyers, so it is not difficult to ascertain that the current economic conditions and the rapid nature of rate rises last year are having the same effect this year,” she said.

To find out more checkout my blog at Jason Rose

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Article: New York Times Gets Its First Tumblr

New York Times Gets Its First Tumblr
http://mashable.com/2011/04/06/nytimes-tumblr/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Mashable+%28Mashable%29

The Gray Lady has just launched its first Tumblr account, but it’s not showcasing the newswriting and photojournalism content you might expect.

The new Times account — T on Tumblr — covers the domain of T Magazine, the style and culture magazine of The New York Times. The subject matter is a perfect fit for the arts- and community-focused mini-blogging platform.

The Washington Post recently took to Tumblr with a blog full of behind-the-scenes info and musings on the future of journalism. But The New York Times‘ first foray into the world of Tumblr is less news and more pure fashion.

In fact, we recently wrote about fashion brands flocking to Tumblr, and T on Tumblr makes sense for the same reasons: The content is highly visual, and the posts are potentially highly viral. Due to features such as one-click reblogging, Tumblr Fashion Director Rich Tong says, “There’s a huge capacity for fashion content to go viral on Tumblr.”

And visual, cultural content for the creative communities is exactly what Tumblr is aiming for these days.

T on Tumblr is replete with huge, magazine-quality photos of pretty people making funny faces. Captions are brief and contain links to the official T Magazine site. The blog also curates a “Posts We Like” section.

Horacio Silva, T’s online director, told The Cutline, “It’s a great way of bringing to the surface a lot of these great visuals that for any reason may have been overlooked.

“We take a very curatorial approach to the editorial decisions we make. I think that aspect lends itself perfectly to Tumblr.”

Check out T on Tumblr, and let us know in the comments what you think of the project. Is this approach more appropriate for Tumblr than the news-and-commentary tactic of the Washington Post?

To find out more checkout my blog at Jason Rose

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Article: Watercress the new wonder food

Watercress the new wonder food
http://www.goldcoast.com.au/article/2011/04/20/309645_gold-coast-news.html


THE State Government thinks health-conscious Gold Coasters may soon be swapping lettuce for watercress. Mounting evidence shows watercress may combat certain types of cancer. Food scientists at the Department of Employment, Economic Development and Innovation are determined to find the most nutritious methods of preparing and cooking the leaves.

The cancer fighting capability of watercress, a member of the brassica family, is due to the high levels of phytochemicals known as isothiocyanates (ITCs). These are the same disease fighting components found in broccoli and cabbage.

To find out more checkout my blog at Jason Rose

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Article: Penthouse, rural shack cost the same

Penthouse, rural shack cost the same
http://www.news.com.au/money/property/mining-boom-pushes-average-rent-for-central-queensland-house-up-nine-times-more-than-brisbane/story-e6frfmd0-1226040921422


GIVEN the choice, where would you live?

A two-level, four-bedroom, three bathroom penthouse apartment overlooking the Brisbane skyline with a sweeping balcony and access to a sparkling rooftop pool?

Or would you live in four-bedroom, one bathroom, weatherboard house with a carport in central Queensland?

Well if you have around $1450 a week you can have either.

The Courier Mail reports today the mining industry has affected house prices in some towns to such a degree that it costs around nine times as much to live in the rural town of Dysart as it does to live in southwest Brisbane.

The high cost of housing and huge demand from mining workers has even seen instances of “hot-bedding”, which means sharing a room with someone on an alternative shift.

The cost is driving many companies into the controversial fly-in, fly-out schemes or putting workers in temporary camps, causing huge social problems in some towns.

Young people without mining jobs in towns like Moranbah are reportedly forced to live in caravans – often with five or six people together – because they cannot afford the $1200 a week rentals. 

The Real Estate Institute of Queensland found Dysart had the state’s highest median rent of $1200 a week for a house, but this was collated over the average rents for all houses.

Current listings show a four-bedroom house in Dysart can fetch as much as $1800 a week in rent while the median rent for homes in suburban Forest Lake, in Brisbane’s south west, is $362 a week.

The REIQ said state-wide market conditions over the past 12 months resulted in better returns for investors because house prices had generally softened and rents remained stable.

“The natural disasters in Queensland … no doubt impacted buyer confidence, however February saw an increase in the number of dwellings financed across all buyer segments,” REIQ chairman Pamela Bennett said.

The union representing coalminers, the CFMEU, has campaigned heavily on the destruction of mining communities through fly-in, fly-out operations. Yesterday it described the rents as a disgrace.

CFMEU state secretary Jim Valery said it was not only miners affected because towns could not attract council workers, emergency workers or even bank staff because they could not afford rents.

To find out more checkout my blog at Jason Rose

Posted via email from Jason Rose

Article: Aussies sought to buy US real estate

Aussies sought to buy US real estate
http://www.news.com.au/money/investors-sought-to-buy-us-real-estate/story-e6frfmci-1226040754283

AUSTRALIAN investors are being asked to pump millions of dollars into high-risk US houses, the same assets that triggered the global financial crisis.

In the first listed investment of its type, financial planner Dixon Advisory is seeking $80 million from mum-and-dad investors to purchase the heavily discounted homes.

House prices in the US have suffered a five-year slump and remain up to 60 per cent below their 2006 peak.

The collapse in US house values led to millions of people walking away from their homes, which under US law left the banks and other lenders with responsibility for their clients’ debts.

It was this avalanche of mortgage defaults that started the world-wide collapse of the wholesale financial system and triggered the global crisis.

According to Dixon Advisory, it plans to buy up homes in the New York metropolitan area, particularly family homes in Hudson County and New Jersey.

The pool of houses is expected to produce an annual return of more than 8 per cent, based on estimated rental income. However, the company has not detailed the forecast return it will pass through to investors or its fees.

Dixon Advisory’s directors include high-profile financial advisers Daryl Dixon and Max Walsh. The plan will be marketed to individual investors and self-managed superannuation funds.

“Valuations for US property in certain areas, with strong fundamentals such as the New York metropolitan area, have become very attractive,” Dixon managing director Alan Dixon said yesterday.

“At the same time, housing affordability measures in the US are at record highs and rents have been mostly stable throughout the period, resulting in very attractive yields to investors currently.

“This, coupled with the record high Australian dollar, provides a unique investment opportunity for investors to gain access to this highly attractive asset class.”

The property fund plans to issue units at $1.60 each, compared with a net asset value of $1.57, with a minimum subscription per person of $2000.

Dale Gilham, analyst at fund manager Wealth Within, said there were benefits and risks associated with the US housing market. The benefits include potential capital gains, if prices recover, and higher than normal rental income.

The risks include currency exchange and growth forecasts that assume the US economy is improving.

Mr Gilham said he was wary, as the investment “has not been tried and tested over years”.

To find out more checkout my blog at Jason Rose

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Article: Using An Editorial Calendar For Your Blog

Using An Editorial Calendar For Your Blog
http://www.searchenginepeople.com/blog/blog-editorial-calendar.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+SearchEnginePeople+%28Search+Engine+People%29


You already know that a blog is a trifecta win for your website:

  1. Fresh content on your blog is a big attraction for search engines
  2. A blog gives your target audience a reason to return to your website on a regular basis,
  3. A blog attracts new visitors looking for the info you have to offer

The key to keeping your blog fresh and relevant is to organize yourself in a way that will help you post valuable, useful, and fun content on a predicable schedule.

planning strategically
like
a publisher
If you are like me, when I established my blog I was loaded with ideas, overflowing with excitement and full of plans. The key is to harness this energy and get those ideas organized.

How do I do it and how do I help my clients do it? We set up an editorial calendar that provides a simple structure to guide content organization and creation for many months to come.

Publishers originally used editorial calendars as a guide for advertisers to build targeted ads around the planned content. Pleasing advertisers is probably not an issue for your blog, but planning strategically like a publisher makes a lot of sense.

First, the key to successful blogging is consistency – the New York Times doesn’t show up every now and again does it? Second, you can plan to present content in a variety of ways; writing, videos, and using images. Some people love videos, some bulleted lists, mix up your delivery to engage as many people as possible.

Here is a simple example, the subject of your blog is Facebook and you post once a week. A logical Editorial Calendar could be:

• Week 1: An editorial – “Is Facebook still a player?”
• Week 2: A tutorial – “How to build Welcome pages for businesses” (create a video)
• Week 3: News – Facebook has just launched a way to turn personal pages into business pages
• Week 4:Guest post – ask a trusted colleague to guest blog. It will remove the pressure from you to write something, and expose your audience to other people. (Also this could be a terrific opportunity for link exchanges, which is another SEO booster!)

My clients and I set aside a little time at the start of each quarter to layout the calendar. I suggest that you use Google Analytics to review your stats and examine which posts are drawing the biggest audience and which keywords are sending visitors your way. If you see that your Facebook video tutorials are popular, schedule more!

If you are working in WordPress it is also possible to write a series of articles and editorials to save and publish at a later date. This one minute video tutorial will walk you through the process. There is an excellent WordPress plugin that is simply called editorial calendar, and this is a super tutorial video which will walk you through the features and best ways to use the editorial calendar.

My advice, set aside some time to think through your message and the frequency you can commit to for the next several months. Lay out your plan and get with it.

Do you use an editorial calendar or do you have other tools and processes to keep your blogging going? Share them in the comments!

 

To find out more checkout my blog at Jason Rose

Posted via email from Jason Rose

 

Article: Managing Real Estate Talent

Managing Real Estate Talent
http://www.matthewferrara.com/blog/company/managing-real-estate-talent/


The classic real estate business model asks each person to do everything. must master dozens of skills. Managers must know those, plus ones. The results are polarized: spectacular success amidst widespread failures, even at the same companies. Maybe the solution is to fix an organizational design flaw whose time has come.

Consider the truism: 10% of the agents do about 90% of the business. What does that say about the large portion of the industry who generate few or no outcomes, but still show up to work? Similarly, different managers in branches of the same company produce different results. Some meet their recruiting goals, others miss those marks but hit their profit goals. All have access to the same systems, tools and training.

We could rationalize: different markets, consumers, motivation levels, etc. But suppose for a moment the problem isn’t people. What if it’s the way the people have been organized?

Consider two key social developments in the last two centuries (yes, look at history). Since the mid-19th century, Western society has increasingly valued specialists. General practitioners in medicine, science, education, industry have disappeared. College graduates emerge with specific degrees. A vast array of single-focus technical institutes has emerged: hair design, cooking, computer engineering and lab technicians. We even ask little children are asked what they want to be when they grow up. Bobby wants to become a fireman, Sally an astronaut.

Hardly any child aspires to become someone who does a little bit of everything at varying levels of competence every day.

Which leads us to the second development: hyper-specialized business missions. Few companies try to do a little bit of everything any more, a la Sears. At one time the Ed Sullivan Show featured a variety of talents. Today, there’s a magazine for every peculiar specialty: Running, Walking, Jogging. Success means focus, segmentation, execution, consistency.

Specialization allowed Ford to produce hundreds, not dozens, of cars per month. Specialist teams design different parts of the same computer, then collaborate on the final product. Industry newcomers displace veterans using specialization: By deploying a single model plane throughout its fleet, Southwest slashed costs, time and resources for parts, training, and maintenance. It tackled the problem of scheduling and absenteeism, making flight attendants and pilots interchangeable. Some legacy airlines cycle through bankruptcy still trying to overcome the disadvantages of dissimilar planes, parts and personnel.

Adam Smith, Taylor, Marcus Buckingham have taught and re-taught this lesson for centuries. Successful companies divide the work, train and equip specialists, leverage individual talents, and manage the process. The key technology is properly applied talent, not the adoption of robots or social media.

What if we apply this to the real estate industry?

Traditional operating procedure has focused on recruiting and equipping agents as generalists. Each person is trained to be a duplicate “basket of skills” capable of doing every part of the sale. Rather than consolidate independent cottage workers into a work-divided factory, the real estate industry has opted to replicate the generalist model, building additional cottages (branches) around town, hoping that more generalists would equal more sales.

Moreover, the generalist skill basket is huge. To be successful, agents must master agency representation, prospecting skills, market analysis, pricing strategies, advertising, e-commerce, legal compliance, finance, negotiation tactics, staging skills, transaction management, accounting and relationship management responsibilities. It’s hardly surprising that so few people can manage them all to break the $100,000 income level. And the basket continues to grow.

Some industry specialization exists: Relocation specialists are the most common. Pseudo-specialization is more common: agents focusing on certain property types. Yet this isn’t operational specialization, since they must still possess proficiency in the rest of the generalist basket items.

The case may be worse for managers, many of whom come from the agent ranks. Not only are they expected to demonstrate proficiency within many elements of the sales basket, but they must also master a management basket. Operations, technology, budgeting, recruiting, conflict management, training and strategic planning require other talents, tools and resources.

So what’s the solution?

Move the boxes around on the company org chart. Start assigning people to tasks according to their individual talents, not street addresses. Find that manager who is a talented recruiter and let them recruit all day long, with no other responsibilities, for any branch that needs additional talent. Eliminate recruiting for everyone else with no talent for it. But figure out what they are good at, instead. Can they coach? Let them coach agents in any branch. Is there a great bean-counter amongst them? Assign him to manage the budget for multiple offices. Just don’t ask him to conduct an office meeting or strategic planning session. You get the idea.

Stop thinking of management as a location-based activity and start thinking of it as a company-based allocation of talent. Deploy human resources by proficiency, not street address. One person can coach hundreds of people; manage dozens of budgets or recruit as many new agents as needed each year if you let them stick to it.  The pilot doesn’t serve the drinks. The quarterback doesn’t block. The surgeon doesn’t treat a cold.

Reorganizing the org chart of the real estate company is critical to the future. It can release hidden talent in your existing group, and create the structural conditions to attract the next generation of team-oriented, specialist ’ers. That’s not a contradiction in terms, either. Talent-based organizations improve motivation and morale, too: People don’t hesitate to do things they like to do. Smart companies make it possible for them to maximize what they can do well, and stop asking them to do things they cannot master.

Global business has been taking advantage of the specialist movement in social education and organization for decades. There’s a great opportunity awaiting real estate companies who make the shift from churning generalists to designing specialists (in managers and agents) to deliver the next generation of real estate services in the future.

 

 

To find out more checkout my blog at Jason Rose

Posted via email from Jason Rose

 

Article: From kitchen to couch: pet chooks fly the coop

From kitchen to couch: pet chooks fly the coop | brisbanetimes.com.au
http://m.brisbanetimes.com.au/business/from-kitchen-to-couch-pet-chooks-fly-the-coop-20110415-1dh3e.html

They don’t shed fur and won’t scratch your couch, but they do love going for walks and can provide you with breakfast.

The humble chicken is now being considered an ideal inner-city pet who’s just as good at providing you with organic free-range eggs as snuggling up next to you to watch MasterChef.

Well, perhaps not MasterChef.

Chickens are social creatures who love human companionship, according to Ingrid Dimock.

The Brisbane mother has seen her City Chicks business expand from a part-time job a few years ago to a successul franchise with branches in Sydney and another soon to open in Melbourne.

From her home in Anstead, on Brisbane’s western fringe, Ms Dimock sells chickens and coops, feed, egg incubators and chicken leashes and nappies. Yes, that’s chicken nappies. ‘‘People wanted to take them inside their house but chickens poo constantly,’’ she said. ‘‘So they can put a nappy on it and it can go inside as a treat, watch TV with the family.’’ The ‘nappy’ – a fabric pouch the chickens don’t seem to mind wearing once they’ve gotten used to it – has become so popular that Ms Dimock is now selling about ten each week through her online store. She also sells two or three chicken leashes, made from converted small dog leads. The leashes were developed on the request of a client who wanted to be able to take his chicken to his kids’ soccer games. ‘‘Your best ideas come from your clients,’’ Ms Dimock said. Families not quite ready to commit to being full-time fowl owners can rent out a few birds and a coop to see if they like it (and if it’s okay with their neighbours). The growing trend for pet chickens among city families is due to increasing demand for organic or free-range eggs, as well as a desire to get kids off Facebook and into the backyard, Ms Dimock said. ”People want to know where their food is coming from. They want their eggs to be free-range and we sell organic feed so they can have organic eggs as well,” she said. ”The other reason is they want to get the kids outdoors and getting their hands dirty.”

To find out more checkout my blog at Jason Rose

Posted via email from Jason Rose

Article: What Happened to the Markets in March?

What Happened to the Markets in March?
http://www.raywhite.net/?p=4774

Our obsession with overall market direction continues. It is apparent that a new factor needs to be incorporated in any searching analysis – the impact of some fading values in a number of our markets. Not in all, and not nearly as dramatic as many commentators have broadcast.

Many in real estate expect that a “sellers” market is the natural order of things and get frightened when that cycle (inevitably) turns.  Many buyers are now buying the desired asset that was previously beyond them.

So our total unconditional sales of $2.3 billion proved to us that a platform base is being established. Why? Evidence that buyers are beginning to relish their new found prominence in the property “feeding” cycle. Also encouraging is that buyers simply want a good deal and are not seeking to humiliate our sellers.

Again, there are many counter prevailing forces. Australia’s two biggest cities are powering on (predictions of Melbourne’s imminent reversal now seem panicky). New Zealand’s Auckland showing leadership.

The resource states (Qld and WA) are not yet enjoying an improved balance between buyer and seller. But this remains the theme we have focused upon for months – the big cities are showing the same resilience as the biggest US cities.

And buyers will continue to benefit from a renewal in competition between the Banks in home lending. Brokers are coming into their own in clarifying the differences in different mortgage products – the variety in offerings is perhaps the most comprehensive it has ever been. Stories of brokers being able to enhance the entire transaction to the benefit of their buying clients is constant.

Stability of interest rates (NZ actually lowered theirs) is good news.

A story from Indonesia is enlightening – their domestic market has rarely been so active and aggressive. And that is because their interest rates for borrowers have dropped to an “incredible low” ten percent! Proof that, at the end of the day, most things are relative.

What’s new at Ray White?

The Company’s just completed season of Award evenings was a continuing inspiration. Again and again, stories of commitment and skills’ development pervaded those taking the Award categories. More Awards for property management reflect the dramatically enhanced standing we now place on providing a dramatically elevated service to investment owners – who consistently own around 30% of all properties, although this percentage is under some pressure.

The key Group Awards will be presented at our Bali Conference in June.

A special purpose briefing on the property implications of the Christchurch market was recently held in Sydney. We often forget how much property is owned by expatriates. We were delighted with the response to our session. We will continue to conduct these  special sessions as a service to people interested in their property assets.

An agreement has been concluded to open in Kuala Lumpur – the opening ceremony to coincide with our Bali Conference. We continue to believe we have a role to play in Asia.

In Victoria, we continue to challenge that unique Melbourne tradition – where all Auctions should be held “on site” – recent successes from our Melbourne businesses are showing how powerful and successful are “in rooms” auction events.

Ray White Invest’s WA Retail Centres are being expanded to exploit their long evident potential.

Our next issue will look deeply into the post natural disaster Queensland market.

Posted via email from Jason Rose

Article: How real estate agents use social media

How real estate agents use social media
http://peterfletcher.com.au/2011/04/12/how-real-estate-agents-use-social-media/

On April 12, 2011, In Social media, by Peter Fletcher

An online survey, conducted by Postling, of more than 500 real estate professionals in the USA has found:

  • 84% of real estate agents use social media.
  • 79% use Facebook and 48% use Twitter.
  • Most (55%) feel comfortable using social media, while 26% are only somewhat comfortable.
  • Agents are missing opportunities by not using video for property marketing.
  • 29% of internet searches result in a prospect contacting an agent.
  • 45% of searches lead to a prospect walking through an open for inspection.
  • Real estate agents are ahead of other industries in the use of Facebook but they’re behind in the use of Twitter and WordPress.

These stats demand agents rethink their web and video strategies.

How real estate agents use social media [infographic]

Posted via email from Jason Rose