Data is one thing that is oozing out of every corner of our modern lives. You can go to seminars, attend conferences, download reports, you can even point your smartphone at a property to find out its value, when it last sold, how much for and how frequently the owners eat take away. (okay, I made that last bit up).
But how reliable and trustworthy is this information?
As a local newspaper lover, I was interested to read research, undertaken by News Ltd that asked the question: What is your most trusted source of information about real estate?
It revealed ‘family and friends’ is the most trusted source by 48 per cent of the respondents. But second and third came print media – well ahead of the remaining seven sources. Local papers were most trusted by 33 per cent of respondents, and metro newspapers most trusted by 27 per cent. Online classified sites were trusted by just 16 per cent as opposed to agents’ sites which were 14 per cent and agents scored nine per cent.
Now yes, it’s true, you’re probably reading this column in a newspaper or a newspaper website. But that actually just goes to prove my point. The world of journalism has been through some rocky times – but the one thing that has not changed is that newspapers are quite particular about labelling what is fact and what is opinion. And it is this clarity about how they handle information that makes them trustworthy.
But why is any of this important?
Well, the next time you are buying, or selling, and you think newspaper advertising for your property is unnecessary, consider what you could be missing out on – a core of potential buyers and sellers.
The research shows that the more serious property buyers become, the more media they consume, not less. To snare a buyer, you need them to bump into you unexpectedly as well as search you out intentionally.
The advantage of print is that a potential buyer could see your home even when they did not list your suburb on their internet search, or had filtered for three bedrooms plus, but then see your delightful two bedrooms plus study, fall in love and buy it. It really does happen.
The property world is littered with examples of vendors with a wish list for a perfect home who then chose something completely different.
Original Article published in www.news.com.au by Andrew Winter News.com.au 13/6/2013
Queensland’s population hits 5 million people today
Queensland’s population has tipped the 5 million mark today, Premier Annastacia Palaszczuk has told State Parliament.
Ms Palaszczuk said several expectant families were on standby to welcome the state’s five-millionth resident.
“Somewhere today a brand new mum and dad will be eager to meet their new arrival,” she told the house.
“The whole family will want to know: is it a boy or is it a girl? And the doctor will say, ‘congratulations, it’s a Queenslander’.”
Ms Palaszczuk said the two main drivers of the increase were migration growth, particularly from New South Wales, and from 60,000 babies being born in the past year.
PHOTO: The state’s five-millionth resident was born today.(ABC North Queensland: Nathalie Fernbach)
“Overseas and interstate migration is up by 50,000 people in the past year, 19,000 came from interstate … more than 12,000, or 230 a week, move from New South Wales to Queensland,” she said.
ABS data also revealed the fastest and largest-growing area in Queensland in 2016-17 was Pimpama on the Gold Coast, which grew by 3,000 people.
Large growth also occurred in Jimboomba on Brisbane’s south side and in North Lakes — a suburb north of the city — which both increased by 2,100 people.
Coomera on the Gold Coast and Springfield Lakes in Ipswich also experienced large growth up 1,400 people.
The State Government’s population counter gives a “synthetic estimate” of the number of current Queenslanders, assuming a total population increase of one person every 6 minutes and 22 seconds.
Earlier this year the Australian Bureau of Statistics (ABS) said Queensland’s population was growing at 1.7 per cent and was projected to tick over to 5 million in May.
ABS data released in March also revealed Brisbane was one of the country’s fastest-growing cities and had increased by 48,000 in 2017, hitting 2.4 million people.
ABS demography director Anthony Grubb said the state’s population had “come a long way” in the last century.
“In 1901 the population was half a million; a tenth of what it is today… it took 37 years to hit the 1 million milestone in 1938 and another 36 years to reach 2 million in 1974,” he said.
But Mr Grubb said population growth “picked up the pace” after that, taking just 18 years to reach 3 million then only another 14 years to hit 4 million in 2006.
Queensland could be leading growth state in future
Population demographer Dr Elin Charles-Edwards said although Queensland is not currently the fastest growing state, it is possible it could top the leader board later down the track.
‘Not in the short-term, but Queensland is coming up off a relatively subdued growth so perhaps we might be entering an era of more rapid growth,” she said.
Dr Charles-Edwards said the challenges that generally come with increased population could be managed in Queensland.
“As long as we keep up and don’t take our eye off the ball we can continue to absorb quite high levels of growth… but really it’s keeping up with the infrastructure that’s the key challenge,” she said.
Dr Charles-Edwards said it was important to note some parts of the state, particularly in western Queensland, were experiencing population decline.
“While the south-east corner is growing and also many Indigenous communities are growing, other parts of the state are shrinking,” she said.
“Perhaps we could do more to encourage people to move outside the south-east corner.
“If we were able to work out some way to decentralise our population, growth a little bit further up into the northern regional centres, I think that would benefit the growth of south-east Queensland.”
APRA to end cap on property investor loan growth
APRA is removing the 10 per cent ‘speed limit’ on investor loan growth.
Photo: Louise Kennerley
The banking regulator is axing a 10 per cent speed limit on bank lending to property investors, saying the cap has served its purpose and improved credit standards.
With Sydney house prices falling and credit growth slowing, the Australian Prudential Regulation Authority on Thursday said it would remove the cap for bank boards that could prove they had been following its guidelines on prudent lending.
In late 2014, amid a surge in borrowing by property investors and rapid house price growth, APRA took the rare step of setting a 10 per cent limit on the annual growth in banks’ housing investor loan portfolios.
The measure has rocked the mortgage market in recent years, prompting banks to jack up interest rates for housing investors, and demand borrowers stump up bigger deposits.
But on Thursday, APRA chairman Wayne Byres said it was prepared to remove the measure because there had been an improvement in lending standards and a slowdown in credit growth.
“The temporary benchmark on investor loan growth has served its purpose. Lending growth has moderated, standards have been lifted and oversight has improved,” Mr Byres
Even so, the regulator will retain a separate 2017 policy that requires banks to limit their new interest-only lending to less than 30 per cent of all new home loan approvals.
APRA also said there was “more to do” in improving other aspects of banks’ lending, including how they assessed borrowers’ expenses, their existing debts, and the approval of loans that fell outside of banks’ formal lending policies.
APRA said it expected banks to introduce limits on the proportion of new lending that could be done at “very high” debt-to-income levels.
“In the current environment, APRA supervisors will continue to closely monitor any changes in lending standards,” Mr Byres said.
“The benchmark on interest-only lending will also continue to apply. APRA will consider the need for further changes to its approach as conditions evolve, in consultation with the other members of the Council of Financial Regulators.”
Stayin’ alive: How Brisbane’s Redcliffe has captured Bee Gees fever
A long way from Redcliffe … Maurice, Robin and Barry Gibb in Los Angeles in 1979 at the height of their fame.
Photo: Getty Images
Before the brothers Gibb became the Bee Gees, they were carefree boys running around Redcliffe. The Brisbane suburb’s monument to the chart-toppers is a memory trigger for locals, and a reminder of happier times for the band’s last surviving member.
Bee Gees Way is 70 metres of pure nostalgia in a seaside town where memories, real and imagined, haunt the streets like ghosts on holiday. Open 24/7, the outdoor walkway has statues, videos, light shows set to music, photographs, album covers, and a giant mural of the Gibb brothers in their musical heyday.
Redcliffe’s tribute to its most famous sons spans a whole block, from a back street of the town centre, 30 kilometres north of Brisbane, to the foreshore, where whitecaps stud Moreton Bay and the peaks of distant Moreton Island rise through cloud on the eastern horizon. Across the street from Bee Gees Way is the Redcliffe Jetty, an earlier version of which became the naughty Gibb boys’ favourite hangout after they migrated here from Manchester with their family in 1958. The oldest brother, Barry, was 12 then; now, at 71, he’s the sole survivor of the tragedy-prone family act that began here and went on to become one of the world’s most successful pop groups.
The fact that the then-struggling Gibb family lived on Redcliffe Peninsula for only about 18 months – doing runners from one rental house to the next to avoid paying back rents – doesn’t faze Moreton Bay Regional Council mayor Allan Sutherland, a devoted fan who devised the elaborate paean to the Bee Gees after discussions with his now good buddy, Barry Gibb.
Boyishly thrilled by his association with the star – “He’s a lovely human being; you can’t write beautiful music like that and be a nasty person” – the mayor, 62, has built a souped-up version of the HT Holden panel van he owned as an apprentice electrician on the peninsula more than 40 years ago. He calls it “the Wizard”, and likes to unwind after work by rumbling about the same beachside haunts he and the Gibbs frequented in their respective youths.
“Sometimes,” he confesses at a local cafe, “I park under the same tree at the same beach where I parked as a kid. Then I play Bee Gees songs, only instead of cassettes they’re on CD. Everything else is the same: same car, same sound of the doors closing, same rocks where we fished as kids … Time goes on, but nothing really changes.”
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