Monthly Archives: February 2010

Aussies may have overpaid by $50,000 on their First Home

If you were not aware, the Australian Govt has been quite generous over recent years in assisting folk, predominantly younger ones, into their first home.

Their main vehicle has been the First Home Owner Grantwhich provides for a lump sum, oftentimes a very decent lump sum of dollars………….indeed a good chunk of the deposit, towards the purchase of same.

Strangely enough, many Kiwis also took advantage of the scheme.

In more recent times, this grant accelerated quite considerably if your purchase was a brand new home under the proviso that you were that homes first owner.

Over the last decade there has been some lobbying for the NZ Govt. to adopt a similar stance. (similar to the USA last year their $15,000 helper, stimulus, etc …..well they call it a tax credit when I discussed it here a year ago)

28-02-2010 8-17-55 p.m.

However in sobering news this week from Aussie Home Loans main man, and reported as such by News Corps’ “Herald Sun” yesterday, is the claim that courtesy of this grant, Aussie John is of the opinion that first home buyers may have spent up to $50,000 more than they would ordinarily have done so.

Aussie John should know, after starting out in the 90’s and then riding a couple of cyclical waves, hes in the enviable position that he is still successful** and hasn’t succumbed like many of the so called “successful high fliers” of this past decade.940808_maze__5

And just as puzzling and attractive as a hole in the head, you can imagine how happy Aussies & Kiwis are to hear about things that make them pay more for a home…………..especially their first one?

Unfortunately for the doubters, I think Aussie John is on to something, and justifiable in his way of thinking.

There was a monster fear from the Real Estate community in OZ that once the grant ended, a detrimental effect would take place on property prices in its lieu.

However this was an Australian expressed opinion.

Serendipitous is definitely what I’d call it.

CREDIT ABOVE GRAPHIC – Australian Financial Review (AFR)

I think this weeks headline sort of hints about the OZ situation.

History, as far as the “numbers” are concerned, may prove me wrong………..but there are 2 major reasons why particularly in Australia’s case, it may probably do just that.

CREDIT – ABOVE GRAPHIC – “West Australian” Newspaper 23rd Feb 2010

Australia is in boom time.

1] the fact that Australia has recently emerged as one of the world’s strongest economies


2] the fact is the stuff that they have…… the stuff that the rest of the world wants now…..…and is still prepared to pay top dollar for it now in 2010 dollars for future use…….is just so great that it will surely maintain a growth pattern that many other world players would dream of……and in their wildest dreams too.

CREDIT – ABOVE GRAPHIC – “West Australian” Newspaper 23rd Feb 2010

So it will be interesting to see if, in some pockets of the country, this thus transpires…..but I can just about guarantee you, that any reduction in property prices won’t happen quickly in places like Kalgoorlie, Port Hedland, Weipa or similar industry location towns. My advice…… any bargains you see in those same towns……………TOMORROW!

** – successful – hmmm….well he still has that Aussie dream – the multi-million dollar McMansion to call home.

TED Feb 2010 BING demo on Augmented Reality

27th Febraury 2010

TED (it stands for Technology, Entertainment and Design) always manages to deliver when it comes to cutting edge stuff.

After all thats why it exists.

27-02-2010 5-42-48 p.m.

Just in case you missed it a few weeks back, at this months TED2010, in a demo that according to reports, drew gasps from the audience, and afforded the presenter a standing ovation afterwards, Blaise Aguera y Arcas, from Microsoft, demonstrated new augmented-reality mapping technology from his company.

Augmented Reality is very relevant to the future of Real Estate Marketing, I spoke about it here last June as a primer for readers.

Who is Blaise, well he just happens to be the architect of Bing Maps at Microsoft, and is working to build augmented reality into searchable maps.

Watch this and see if you don’t agree.

Certainly is a forerunner of what the agent in 2015 may be showing on his own website, perhaps broadcasting from his Open Day?

Or imagine a setup like this for an on-site auction, would it be helpful if out of town/overseas telephone buyers could see the other bidders?

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Returning to NZ after the big OE and whats Reverse Culture Shock

24th February 2010

NZ Government organisation Career Services state they are New Zealand’s leading provider of independent career information, advice and guidance.

They have just updated the “Moving to NZ” section of their website with an important new component.

Existing for quite a while now has been the section titled New to New Zealand – Information for Migrants but this has just been joined by Returning to NZ – Information for returning Kiwis, ……….post the big OE.

So if you’re a Kiwi in Dubai, Manchester, New York or Singapore and are investigating what you career options are, if you were to return to New Zealand, then next to Real Estate, this is probably the 2nd most important site to go to for a basic “heads up.”

According to the Press Release;

The new website section, ‘Returning to New Zealand’, provides advice on things such as bringing home non-Kiwi partners and children and tips on dealing with “reverse culture shock”

Ms Kosmala, who is the deputy chief executive of Career Services, commented;

….in December last year, Kiwis returning home outnumbered Kiwis leaving for overseas, according to Statistics New Zealand.

On there you’ll find info like;

if you’re eligible for a benefit /pension when you get home

checklists to prepare before you return home – the documents you’ll need when you get back to New Zealand, as well as background information on the labour market

your career options in New Zealand – gives advice about networking, attending interviews and updating your CV into a NZ style…..and more.

… – just what exactly is Reverse culture shock?

Melbourne is 1st in Oceania to get 3D Treatment

Most are aware of Google Earth, a great program that allows an insight into just about any place on the planet.

In a recent post I mentioned to readers the release of another Google product called Building Maker. And I pondered on what applications it could relate too.

Well the good news is that the first city to get the 3D treatment publicly (you may need to load a Plug-in here) notified is Melbourne, Victoria.

This is what a normal Google Earth view of Melbourne, Australia looks like.

And this is what it looks like when you activate the 3D Buildings layer.

The models are not usually developed by Google personal – its left up to the developer community, who get their name up in lights too. Example featured here is Melbournes famous MCG.

If anyone is unhappy with the representation of their building, they can apply to have it reviewed, and possibly changed.

Just out of curiosity I thought I’d better check out the New Zealand progress……(click for larger picture)

It would seem that folk have been busy in Auckland…..

Less folk seem to have been busy in Wellington converting their flat 2D buildings into 3D sketch-up models

Yet down in Christchurch it looks like they have been busier as there are quite a few models activated there.

Once this starts happening in your street, then it will get interesting.

If you’re curious about having your own town feature on Google Earth, perhaps this short video may provide some inspiration.

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The Draganfly has landed, in Nelson

23rd February 2010

Yes, its finally here.

You might recall I spoke last December about this wondrous aid to Real Estate Aerial Photography, amongst many other applications, called a Draganfly.

In this particular case, we’re talking about the Model X6, as used in the USA by law enforcement, government  & quite possibly, though you may never know, the military.

Other people think its a great thing too, Popular Science magazine in the States gave it a BEST of, in its Aviation & Space category, a while back.

Here’s a refresher….

Well I’m happy to report it is now in Nelson.

You’ll remember it is an aerial photography RCV, UAV I guess, built of carbon fibre and complete with very fancy GPS abilities.

I’ll be conducting a bit more thorough report soon but just wanted to let you know its here.

I believe there may even be a spot on TV coming up soon about it being here in Nelson.

In conjunction with Craig, its owner, some test shots have been taken, from lower elevations at this stage, but watch this space…..more to come.

Frankly, some of the initial test shots are simply awesome.

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