National Housing Finance Figures – September 2008

Housing Finance September 2008

Source: ABS Cat No 5609.0

On a seasonally adjusted basis the national value of housing loan commitments (owner occupation) in September was $11.891 billion,

down by 1.9% on August.

On a state basis, the respective statistics were:

 

NSW $3.809 billion (-3.6%)

Victoria, $2.752b (-0.8%),

Qld, $2.523b(+1.6%),

SA, $0.803b (-4.3%),

WA ,$1.533b (-1.9%),

Tas, $167m (-1.2%),

NT, $87m(+4.8%),

ACT, $194m (+4.9%).

 

 

Investment Housing – Total

Source: ABS Cat No. 5609.0

The value of investment housing loan commitments

($5.317billion, seasonally adjusted)

fell by 1.1% on August.

 

The drivers of this result were a fall in the

construction of dwellings for rent or resale (-26.4%),

a rise in the purchase of dwellings

for rent or resale by individuals (+1.4%)

and by others (+5.2%)

The total value of housing finance commitments

- $17.209b fell by 1.6% on August.

 

 

MELBOURNE MEDIAN HOUSE PRICES SEPTEMBER QUARTER UPDATE

 

Melbourne experiences a decline of 3.3 per cent

The REIV median prices for the September quarter show that Melbourne’s median has experienced a decline of 3.3 per cent. This can be directly attributed to continuing economic uncertainty, a tightening of liquidity markets and a decline in investor and consumer confidence. The suburbs that have shown the greatest decline in median values in the quarter are in the more expensive end of the market and are the same suburbs that enjoyed unsustainable growth throughout 2007. Of the top 20 growth suburbs for the quarter: only five have a median price in excess of the September median, $435,000. This is a result of the increased demand for affordably priced properties – and this demand is driven by three factors: Melbourne’s strong population growth; a undersupply of newly constructed properties and a further tightening in the rental market.

 

 

 

Video

Click to jump to True Wealth and Riches Seminar Booking Site

What’s Love Got To Do With It?

After I had completed the presentation to Melbourne XL Results

“Power Up” on Tuesday night this week,

Tahnee who was MC for the night

read out this poetic tribute to my presentation.

 

The Presentation had been the 6th stage of a 7 part full day seminar,

called “The 7 Simple Steps to True Wealth and Happiness”

 

This 6th segment being called, “What’s Love Got To Do With It?” 

 

During the presentation

I read out Boris Pasternak’s poem “Fairy Tale”

using the same metre

Tahnee wrote this on the spot and read it out

immediately after the presentation.

 

Tahnee said:

 

“I found your presentation so inspiring,

the words just poured out of me.”

 

Here it is:

 

Poem Written in the Style of the Fairy Tale

Come to speak did William
A Fairy Tale he shared
He spoke to us of heroes
Of all the greats who dared

He shared his seven steps
To turn us into giants
Like getting the right people
And loving all our clients

He talked of Maslow’s needs
Of Holy Curiousity
The power of Caritas
Of loving generosity

He shared with us his Credo
Inspired us with his view
Of destiny and greatness
And what there is to DO

We now know love is IT
We know the shape is “V”
We’re connected to the timeless grid
Our hearts will set us free

We thank him for his wisdom
We thank him for his heart
He’s shown us the blank canvas
Now we know where to start…

Hugs,
Tahnee x

 

Isn’t Tahnee a marvel.

You can contact Tahnee Woolf,

a Feldenkais Practioner, at her website:

http://www.movementedge.com

 

To Find out more about the Seminar on

“The 7 Simple Steps To True Wealth and Happiness”

sign up for the coming teleseminar at

http://www.truewealthandriches.com

 

Mark Joyner’s “Word Of Mouth Transformation” is Back!

It was back in March 2004

that I received my first product from  Mark Joyner,

since then I have purchsed practically all his products,

and they have all been cutting edge,

taking my knowledge to a new level.

Now, finally after a whole year Mark Joyner’s “Word of Mouth
Tran formation” program is finally back,

but before you click this link …

http://www.simpleology.com/p/womt/maclean/

… there are some things I think it’s important for you to know.

1. The above page in itself is a word-of-mouth marketing
education. I strongly recommend you read the whole page
because it will dispel a few myths that may be sucking the
cash-blood out of your business, and it will teach you the
foundational principles of what I consider to be the “marketing
of the future” (you’ll totally understand why I say that after
you read it.

2. The way they have it structured now, you will get the
training spooned out to you over 12 months. You and I both
know it: if you get a big training program all at once it
will sit on your bookshelf or collect “e-dust” in a crusty
corner of your hard-drive.

Word of Mouth Transformation is totally different.

3. You’ll get to spy on what our student did over the last
year following Mark’s precise instructions. In the first 9
months alone his business doubled.

Now, you probably get lots of offers from people who claim all
sorts of outlandish things about what you can do with your
business.

Compare yourself to a year ago – has any of that stuff really
helped?

Doubling your business in 9 months is no simple task, but you’ll
get to see exactly how one of Mark’s students did it.

Anyway, I won’t keep you any longer as I really want you to read
the above page. I especially want you to learn why the
“Sisyphean” method of doing business – that you’re probably
involved in right now unconsciously – is a huge huge mistake
so please read this now before the phone rings or that next
email comes in:

http://www.simpleology.com/p/womt/maclean/

Well! What are you waiting for, go get it if haven’t already,

Regards,

William MacLean

US Sub-Prime Market impacts Japan

The knock-on effect from the US sub-prime market

shows no sign of letting up in Japan.

In the last 7 days the Origami Bank has folded,

Sumo Bank has gone belly up and

Bonsai Bank announced plans to cut some of its branches.

Yesterday it was announced that Karaoke Bank is up for sale

and will likely go for a song,

while today shares in Kamikaze Bank were suspended

after they nose-dived and

500 back office staff at Karate Bank got the chop.

Analysts report that there is something fishy going on at Sushi Bank

and staff fear they could get a raw deal.

Australian observers have noted that the Whale Fleet Bank

has been in for a lot of blood letting.

Shocks from the Market meltdown

continue to be felt around the world.

D.A.R.E. to be Real in 2008

I just finished reading Ian’s guide to success in 2008 at:

http://iandelcarmen.com/blog/discover-your-passion-and-youll-never-work-again/

and it inspired me to reflect on my own approach to success in 2008 

and commented as follows:

An excellent guide Ian!

To summarise:
1. Decide
2. Act
3. Reflect
4. Embrace

After each decision,

act on it or nothing ever changes,

then reflect and correct direction and implementation.

Be honest about where you are and where you want to go.

Embrace it, realistically.

Be Real! DARE to be real!

Building relationships,

with others whether clients or work mates or family is the essence of a successful life.
On line that is not always easy.

Welcome readers into your world, so they know you,

so they feel like they can touch and empathise with you.

This you do well Ian!

Loving what you do,

is always helped by reviewing what the activities are that impact on other’s lives,

and how you can leave another enriched by your interaction with them.

Enrich another just by smiling, it can be as simple as that!

Ian, thanks for the encouragement.

Be Blessed

William

Shortly after reading Ian’s blog newsletter I received an email from a mentor and friend of mine

Russell  Cunningham of the Australian Institute of Self Development.

Russell and I have been planning a one day seminar on

“7 Simple Steps to Wealth and Happiness” to be presented  on Saturday 23rd February.

One of the topics to be covered is the “Power of Words” and to cover that topic effectively

Russell and I have been conducted an experiment with plants using “Love” and “Hate” comparisons.

After being away to 2 weeks Russell returned to find these results,

and what he had to say:

“As I was leaving that day and warm weather was expected

I soaked both pots in a bucket of water before

writing positive words on one and negative words on another. I then separated the plants before speaking the written words as emotionally as I could. The plants were left together in a tray on our seedling table.

A friend was asked to water the garden but apparently missed the seedling table.

Here are the results after 2 weeks.”

….. So watch how you use words, and what words you do use,

and DARE to be Real in 2008!

 

Words written on the plant holders:

“Ugly, Sick, I Hate You” and

“Love, Passion, Joy, Power”

What words would you sooner have being said to you and over you!

Be Blessed

William

Simpleology Viral Blog Training

Mark Joyner is recognised by many as the Father of “modern” internet marketing. But that doen’t mean he is a guru in all areas, and he is ready to admit Blogging has been one of the areas he has not not understood too well.

However he is trying to make amends with a new F.R.E.E. course, we will see how it goes, see below:

<div id=”simpleology_blog_806f04d42f2308bd5f86671cc0ebd324″><p>I’m evaluating a <a href=”http://www.simpleology.com/training/blogging”>multi-media course on blogging</a> from the folks at Simpleology.  For a while, they’re letting you <b><a href=”http://www.simpleology.com/training/blogging”>snag it for free</a></b> if you post about it on your blog.</p><p>It covers:</p><ul><li>The best blogging techniques.</li><li>How to get traffic to your blog.</li><li>How to turn your blog into money.</li></ul><p>I’ll let you know what I think once I’ve had a chance to check it out. Meanwhile, go grab yours while it’s still free.</p></div>

Love and Advertising

Sometimes to balance that serious aspect of love (loving our work, loving our clients, loving ourselves) we should look directly at nature, and notice the perfection of a flower just its color and being a flower, or an old gum tree, twisted without symmetry but still perfect being a tree.

Sometimes it is useful to push something to the absurd so that we can laugh at it, see how ridiculous it is, the laugh reduces the tension or annoyance that the situation or experience had created in the first place, and so joy and sanity returns to our life.

One of the great copy writers of today is Gary Bencivenga who publishes a monthly (sometimes) newsletter called “Bullets”, subscribe by going to:  http://bencivengabullets.com/default.asp, nothing for sale.

However back to the story, catching up on a past Bullet that I had missed I noted this excellent article with a checklist of 15 successfully used proven offer ideas – Bullet #21 if you want to check it out.

Using the word “Free” related to a talent test, the article continues:

For many years, the Art Instruction Institute ran ads on matchbook covers, featuring a sketch of a pirate along with this challenge…

Are You an Artist?
Draw the Pirate
This matchbook ad promised that if you take this simple aptitude test (tracing the pirate not permitted), the Institute’s instructors would review it and let you know if you have the talent to be an artist. I understand that Peanuts creator Charles Schulz was accepted and later graduated from this program with honors.

To my dismay, I could not draw the pirate.

Would you like a good laugh right now? Check out this underground film short (just seven minutes) that anyone in direct marketing should find hilarious. It spoofs the famous matchbook ad, “Draw the Pirate.” Go to this link now and you’ll be LOL, I promise…

www.undergroundfilm.org/films/viewer.tcl?oftype=lar&reso=2&wid=1028027

Laughter is the best cure for disappointment, although sometimes revenge………?

William MacLean

Financial Strategist and Wealth Coach

http://www.macleanfinance.com 

Mass Knee-Jerk Reaction or Credit Crunch To Hurt Property?

One of my favourite weekly email newsletters in “Burning Pants”.

It always some interesting or unusual angle to present on the Finance Market and what is happening therein.

Todays edition was no different, but raises an interesting question, as to how well in the gerneral public informed.

I will leave it to you to make up your own mind, regardless that I may think the underlying demand for housing in Victoria is such that we are still approx 2,000 homes short of current demand, and it is not being built at the moment.

What do you think?

Question: How will the end of cheap global debt affect the national housing market?

This was how “burning pants” saw the response: 

Six out of ten Australians believe the domestic housing market is set for a tumble – with one in three anticipating a more than 10 per cent drop in residential property prices as a result of the so-called US triggered credit crunch.

The findings either reflect a typical mass knee-jerk reaction to choppy markets or signal tough times ahead for Australian residential property.

The insight stems from a new CoreData/The Australian newspaper poll that ran over the weekend and involved more than 2,500 people.

31.9% of people expected house prices to tumble more than 10% as non-bank lenders face a tougher financing environment and RBA Governor Glen Stevens continues to reinforce the central bank’s concern over inflationary rather than deflationary forces on the economy.

More than 1 in 5 people expected to see no change in national property prices. The poll did not split responses by the likely pricing changes of residential property within individual states – but responses themselves were split by states.

It could be inferred that people in Tasmania and South Australia were the least pessimistic about the impact of the global credit crunch of property, with only 23.3% and 27.9% respectively of residents of these two states anticipating a knock-on affecting more than 10 per cent drop in property prices.

The most negative state was Victoria, where 34.6% of respondents there anticipated a more than 10% drop in residential property prices as the cost of borrowing rises.

Elsewhere, Western Australia saw 33.7% of people there respond the same, while ACT has 33.6% of individuals believing the global credit crunch will push prices down in residential real estate by more than 10%.

In capacity constrained NSW, a lesser 30.3%, felt prices would fall by more than 10% – however responses were in relation to the national outlook rather than state by state movement.

In terms of sex, females were less pessimistic than males. 33.0% of men expected the knock-on effect of the turmoil in the credit market to drive property prices down by more than 10% compared to only 25.6% of females.

Source: minipoll/The Australian n= 2,535

To Subscribe to Burning Pants an excellent weekly email newsletter on Financial issues, go to:

http://www.burning-pants.com/wp-admin/email/index.php Tell me what you think, will Victoria’s current housing shortage avoid a drop in prices or not?

William MacLean