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Wednesday 28 December 2011

Let's pop the helium balloon before we let it go (Post 3 of 3)

Posted to The Age (27/12/2011) on 29/12/2011 at 12:23 PM
Commenting on "Let's pop the helium balloon before we let it go"

http://www.theage.com.au/opinion/society-and-culture/lets-pop-the-helium-balloon-before-we-let-it-go-20111226-1pa00.html

It is amazing that this article has turned into a scientific debate about helium. There is no mention in this article about the releasing of helium, or whether helium being toxic to the environment. The article is about the balloons which were filled with helium and what damage they can cause when the balloons are deflated.

Strictly speaking the helium used in filling up the balloon is eventually escaped back to the atmosphere, and there is no loss of helium in the atmosphere. A deflated balloon does not imply that the helium level is depleted in the atmosphere.

Please scaremongers don't start a hoax and waste public money in campaigning the ban of filling up anything and everything that needs helium! Helium-fill balloons should be allowed for indoor functions and the enjoyment of children, but banned completely from releasing into the atmosphere outdoor on whatever the occasion.

Let's pop the helium balloon before we let it go (Post 2 of 3)

Posted to The Age (27/12/2011) on 28/12/2011 at 12:00 PM (Not published by Newspaper)
Commenting on "Let's pop the helium balloon before we let it go"

http://www.theage.com.au/opinion/society-and-culture/lets-pop-the-helium-balloon-before-we-let-it-go-20111226-1pa00.html

No matter how intelligent a turtle was, a dead turtle is no longer an intelligent turtle. May I ask Martin C whether you are speaking as an "intelligent" person who has returned to the living world after a near-death-experience?

Tuesday 27 December 2011

Let's pop the helium balloon before we let it go (Post 1 of 3)

Posted to The Age (27/12/2011) on 27/12/2011 at 10:13 AM
Commenting on "Let's pop the helium balloon before we let it go"

http://www.theage.com.au/opinion/society-and-culture/lets-pop-the-helium-balloon-before-we-let-it-go-20111226-1pa00.html

As early as 2009, I started writing letters to local papers and political party calling for a ban in releasing balloons on various occasions by the public. It is treacherous that the disused balloons ended up polluting the ecology and killing defenceless aquatic lives.

Sunday 25 December 2011

'New' goods scandal: more stores accused (Part 3 of 3)

Posted to The Age (23/12/2011) on 25/12/2011 at 1:01 AM (Not yet published by newspaper)
Commenting on "'New' goods scandal: more stores accused"

http://www.theage.com.au/digital-life/computers/new-goods-scandal--more-stores-accused-20111223-1p80h.html

Some of the defects of returned goods can be detected visually, but it is almost impossible for a salesperson to be a hi-tech, electronic or software expert; and even so, no experts know everything in every field. Processing returned goods is more than a pain, and handling an irate and unreasonable customer returning goods requires the skill of a communication expert or psychologist.

Reselling returned goods as new under the Consumer Laws is definitely deceptive and misleading depending on the circumstance. With high cost of labour, many stores do engage casual workers or minimum staff. It is unfair to expect them to know every single piece of company’s policies.

While many big companies, not necessary the retailers but more so the wholesales or manufacturers can write off the returned goods, many small operators who have no purchasing power may go belly up. If the suppliers are local, all the losses will be passed on to the consumers, and the honest ones will pay for the black sheep.

It is quite selfish to keep pointing our fingers at “greedy” Australian retailers, and increase buying online from overseas. The Government is an accessory to kill off employment opportunity by not imposing taxes on direct purchase from overseas. There is a very simple solution, and not requiring any hi-tech or sophisticated system to collect the millions of dollars

I am only a fair-minded Australian consumer, despite my Chinese name, voicing out on behalf of business operator, large or small, who provide employment to millions.

End of Part 3 of 3

'New' goods scandal: more stores accused (Part 1 of 3)

Posted to The Age (23/12/2011) on 25/12/2011 at 1:00 AM (Not yet published by newspaper)
Commenting on "'New' goods scandal: more stores accused"

http://www.theage.com.au/digital-life/computers/new-goods-scandal--more-stores-accused-20111223-1p80h.html

This has been a common practice since the dawn of return with no question asked policy.

It is ridiculous that some stores do not allow garments to try on due to health and hygiene reason, and yet they are allowed to be returned with no questions asked. Whoever tried on the garments, whether the initial purchaser or people they know, may have skin diseases or some form of dangerous transmittable diseases, not detectable by naked eyes.

I do know some very unethical people who only "buy" clothing for a function and return it a few days later, sometimes with bonus stained marks on the return item.

From time to time we hear those horror stories about "unhappy" restaurant customer complaining about their meal and the waiter gracefully returning dish to the kitchen. The unscrupulous chef / cook may just rejig the dish and return as a one!

End Part 1 of 3

'New' goods scandal: more stores accused (Part 2 of 3)

Posted to The Age (23/12/2011) on 25/12/2011 at 1:00 AM (Not yet published by newspaper)
Commenting on "'New' goods scandal: more stores accused"

http://www.theage.com.au/digital-life/computers/new-goods-scandal--more-stores-accused-20111223-1p80h.html

The generous return policy is a joke, but then who is laughing? Competitions created such monster, hoping that this will compensate the lack of customer service. Refunding with no questions asked is one way to stop a loud customer creating a commotion in the shop!

I have been on both sides of the fence, as a consumer and supplier. Once I was a supplier of made-to-order birthday cakes to a big supermarket chain. A customer returned just a small piece and some crumbs to the supermarket and demanded a refund.The customer did not like the cake but required no further explanation. The supermarket refunded the customer in full, but I, the supplier, had to refund the supermarket.

Unfortunately, the new Australian Consumer Laws just being introduced replacing many other state laws are no improvement to safeguard the interests of the suppliers.

Customers should give clear reasons for the return and information be documented. If there is enough evidence to prove that the returned item is damaged by the customer and not defective when new, the customer has committed a fraudulent act.

The refund policy should be replaced by replacement so that purchasers should take responsibility of the purchase decision. An item after being exchanged should not be allowed the second time. In cases where replacement is not possible, then all refunds need to be withheld for a period pending examination so that the fund is not available for seasoned culprits to go to stores to purchase more goods, or make refund a cumbersome chore for some people to take advantage of.

Part 2 of 3

Friday 23 December 2011

Shares gain ahead of break

Posted to The Age (23/12/2011) on 23/12/2011 at 3:08 PM
Commenting on "Markets Live: Shares gain ahead of break"

http://www.theage.com.au/business/markets/markets-live-shares-gain-ahead-of-break-20111223-1p7pn.html

Who are pushing up the share prices? If the market is so healthy, why do we see the line shoots up sharply, and then comes up again, after which the line fluctuates erratically?

Unless you are a day trader wanting to make a killing in just few hours, the medium to long term outlook cannot justify rising markets around the world.

How can the US unemployment rate dropped and confidence returned for no logical reasons? The payroll tax cut and the removal of long term unemployment benefit that expire at the end of the year, plus the soldiers returning from the withdrawal are likely to reverse the unemployment rate in months to come. The possible visible light at the end of the tunnel is the rise in arm sales of the refurbished military weapons to Iraq and surrounding countries; a move that will really upset the Russians.

It is plausible that the initial drop in healthcare spending was a sacrifice in order to pay for other daily essential expenses and save up for rainy days, viz. loss of employment. The subsequent rise was likely due to deterioration of medical condition for those who have suspended their visit to medical practitioners and on medication. The Christmas stress can only worsen the situation.

To everyone, have a joyous and safe Christmas and happy new year.

Housing shortage bites as supply fails to keep up (Post 2 of 2)

Posted to The Age (23/12/2011) on 23/12/2011 at 2:44 PM (Not published by Newspaper)
Commenting on "Housing shortage bites as supply fails to keep"

http://theage.domain.com.au/real-estate-news/housing-shortage-bites-as-supply-fails-to-keep-up-20111221-1p55v.html

Thank you, Andrew Smith, for mentioning the Knight Student Visa Review. The international education industry has been damaged severely and the heyday is over. I was on three sides of the fence riding high from boom to bust, as a teacher/trainer, student, and student accommodation owner.

International students’ presence created service industries catering for this market niche; there was an increase in commercial properties used as campuses, groceries, cafes / restaurants, travel agencies, migration advisory and consultation offices, etc.

Many of the student accommodation properties had been sold at reduced prices recently. These properties are not just classed as an investment property, but also as a business concern. Generally speaking, a property leased to less than 4 separate tenants do not require a permit and is not classified as a student accommodation. Many houses, units and apartments including those at Dockland are leased to international students.

There are owners who shared their houses with international students by providing home-stay. This is essentially a tax-free income which helps to pay off the mortgage. The death of the industry has caused financial hardship for some of these property owners resulting in forgoing their properties.

Many policies of this Government are policies-on-the run, which have cost Australia dearly. I hope my comments do provide some insight about the education industry catering for the international students and how it impacts not only on the property market, but also other related service industries.

Thursday 22 December 2011

Housing shortage bites as supply fails to keep up (Post 1 of 2, Part 3 of 3)

Posted to The Age (21/12/2011) on 22/12/2011 at 6:05 PM (Not published by Newspaper)
Commenting on "Housing shortage bites as supply fails to keep up"

http://theage.domain.com.au/real-estate-news/housing-shortage-bites-as-supply-fails-to-keep-up-20111221-1p55v.html

I cannot speak on behalf of other places, but my personal contacts reveal that the rental market for December in Melbourne has been the quietest in memory. According to one property manager, there was surge of 17% more properties listed for rent, and another told me that the telephone she had plenty of time to catch up with her paper and filing. These two areas are in different suburbs, at least 100 kilometre apart.

Although there are not many international students in these two suburbs mentioned above, this is real problem for many investors who own properties in CBD or near colleges, providing student accommodation. Those students who have completed their studies in December of 2011 have packed their bags, leaving the rented properties vacant. The once very profitable student accommodation industry is now officially dead.

The increased in number of properties for rental may also be due to increased number of previous tenants have purchased their own homes and move into new premises due the holiday season. There is another possibility that many new investment properties which offered rental guarantee are no longer in their honeymoon period, and these investment property owners now have to seek new tenants actively.

Under normal circumstances, December is busy for many estate agencies. Since very few internationally students come to Australia for next year enrolment, there is drastic drop in enquiries and demand for rental accommodation.

Another possible explanation is that interstate migration movement for job transfer is not happening, or speaking pessimistically job opportunity is dwindling in Victoria. If the underlying reason is about employment, people will feel insecure to move from job to another, leading to reduced tenancy movement.

Part 3 of 3

Markets Live: Shares retreat on Europe woes

Posted to The Age (22/12/2011) on 22/12/2011 at 10:46 AM
Commenting on "Markets Live: Shares retreat on Europe woes"

http://www.theage.com.au/business/markets/markets-live-shares-retreat-on-europe-woes-20111222-1p66q.html

Playing in the share market is like playing with the poker machine. Players are not even playing on hope or expectation; they are more like zombies hopping in all directions. It is pure nonsense to believe a set of good data is going to change the world and making it a better place, or another bad set is to end all the miseries of mankind.

Wake up players, there are too many scrupulous people having you on; they manipulate the market to their advantage.

Wednesday 21 December 2011

Jump in US housing starts points to recovery

Posted to The Age (21/12/2011) on 21/12/2011 at 11:55 PM
Commenting on "Jump in US housing starts points to recovery"

http://theage.domain.com.au/real-estate-news/jump-in-us-housing-starts-points-to-recovery-20111221-1p4tt.html

"US housing starts and building permits jumped to a 1-1/2 year high in November as demand for rental apartments rose."

Excuse me, Sir, can you tell me who is investing in the building construction? Is it similar to Australia, in particular Sydney, which the Asians are pouring in the money?

Does demand of rental apartments mean tenants looking for rental apartments, or investors looking to buy rental apartments? What's the vacancy rate in apartments at present?

"It will still take two to three years to work off the excess inventory ..."

Why do people keep building more apartments when there is excess inventory not cleared?

Oh, Sir, do people still believe in Stock fundamentals? Are people getting too gullible believing in just one set of rather ambiguous data?

Housing shortage bites as supply fails to keep up (Post 1 of 2, Part 2 of 3)

Posted to The Age (21/12/2011) on 21/12/2011 at 10:58 PM (Not published by Newspaper)
Commenting on "Housing shortage bites as supply fails to keep up"

http://theage.domain.com.au/real-estate-news/housing-shortage-bites-as-supply-fails-to-keep-up-20111221-1p55v.html

Thanks to the Government policies that our population has dropped substantially. The 300,000 population estimated growth was largely due to internationally students coming to study in Australia. The policies close the golden doors resulting in not only drop population, but also 18.8 billion worth of export income, second (or third) after mining. This resulted in the State and Federal budget shortfalls, which require businesses and taxpayers to fill the financial void.

Such substantial drop in population leads to similar drop in demand of housing, and all related service industries. While this drop may free up the rental market, it creates a dilemma for investors buying or owning properties to cater for this demand.

I would like to alert readers of the government's National Housing Supply Council (NHSC) report, including developers and investors alike, to digest it with a grain of salt. The report reveals information as at end of June 2010, while the Government policies became effective from 1July 2010. The impact is felt all across the education industries; multi-storey commercial buildings once used as campus have been posted with “For Lease” sign, many TAFE and private college teachers and administration staff have become unemployed, etc.

Part 2 of 3

Housing shortage bites as supply fails to keep up (Post 1 of 2, Part 1 of 3)

Posted to The Age (21/12/2011) on 21/12/2011 at 10:58 PM (Not published by Newspaper)
Commenting on "Housing shortage bites as supply fails to keep up"

http://theage.domain.com.au/real-estate-news/housing-shortage-bites-as-supply-fails-to-keep-up-20111221-1p55v.html

The content of the title is in conflict with that of first paragraph. Furthermore, "…high prices kept many would-be buyers out of the market …" is incongruent to housing shortage.

The root of high real estate price can be traced back to one of the previous Prime Ministers who encouraged many young Australians to be degree holders rather than trade-qualified. Australia is confronted with big shortage of qualified tradespeople; consequently, large component of the total cost of construction is gobbled up by the tradespeople, not the material costs. The costs of tradespeople have sky rocketed literally, their earning is probably as much as, if not more than, a rocket scientist.

It is also rather unfortunate that the many buyers demand more than a house, be it new or renovated; they want a show case or a house equipped with expensive kitchens installed with brand named mod-cons, luxuriously finished bathroom, etc.

While new estates have sprung out further away from the CBD, businesses or employment opportunities have not been created by the same rate and proportion in those areas. Many potential buyers have come to the realisation that they need to live in areas with job offers and close to public transport. These criteria fit properties which command higher prices. In other words, the new entrants just cannot afford.

Part 1 of 3

Monday 19 December 2011

Industry divided on price rise outlook

Posted to The Age (29/12/2011) on 19/12/2011 at 5:25 PM, 5:30 PM
Commenting on "Industry divided on price rise outlook"

http://theage.domain.com.au/real-estate-news/industry-divided-on-price-rise-outlook-20111217-1ozuy.html

I would like to ask all the First Home Buyers why you are so eager to buy a house.

Many property investors are relying on negative gearing to keep their bottom line viable. Does not this tell you that they are losing money by owning a property? Some may argue that the value of the building and fixed assets can be depreciated, but this is no big deal for older properties. An investor also pays land tax and thus takes away some lustre off the bottom line.

However, let's look at the negative ledger by doing some mathematics. If the loan is $200,000 and the rent is $200 per week, the gross return is 5.2% per annum. If the interest is 6.5%, then there is loss of 1.3%. The rates and charges from authority may add another 0.3%, giving a total of 1.6%. A general maintenance of $500 will boost the total % to 1.85%, or a saving for a renter is $3,700. Do not forget that in some states, the purchaser has to pay stamp duty around 5%, or $10,000.

I shall leave the rest of the calculations to the interested purchasers.

And the winners for poor customer service are ...

Posted to Sydney Morning Herald (12/12/2011) on 19/12/2011 at 4:27 PM, 4:28 PM, 4:28 PM (Not published by newspaper)
Commenting on "And the winners for poor customer service are ..."

http://www.smh.com.au/small-business/managing/blogs/the-venture/and-the-winners-for-poor-customer-service-are--20111212-1oq94.html

The following are some critical points of observation:

Many trainers / teachers in retail, hospitality and marketing subjects do not have hands-on experience in dealing with customers, and therefore customer service is just a term they know but are not be passed on in practice to the students / trainees.

Some business operators have no prior experience in customer service. They may be office workers / professionals who become unemployed after taken a redundancy package, being retrenched or retired. Their previous role was to deal to hard data, or sit in front of a computer which did not required any human emotion.

For investment migrants from overseas, one of the visa conditions is to invest in a business which employs paid staff. Many have their intention is to get the Australian passport and not do not worry much in running a successful business. However, there are exceptions to the norm.

The failure of frontline staff in providing service is the fault of the supervisor or manager. If staff in higher positions lack the people skill themselves, it is likely that the service provision by the staff at low ever level s will be non-existent.

Workplace environment has great influence on the morale of the staff, particularly the frontline staff dealing with customers. People working under constant extreme pressure are unlikely to have a smile on their faces. On the other extreme, if there is no pressure at all due to lack of supervision or depressed sales, similar scenario will occur.

End Part 1 of 3


It seems like whinging and moaning but not taking positive actions is the Australian pastime. Are you one of those that walk away from the shops, supermarkets or restaurants when their staff provide no service or poor service? Do the staff know why you walk out from the premises? You may argue that they should know why; but just for argument sake, what if they do not really understand why you get annoyed and upset.

Many people forget that the young people are part of the same society they are living in. If they want a utopian or near utopian society, they have the responsibility and a role play in "educating" the young people. Many will argue that the young people would not listen, but how many times have they tried to influence the young ones? Is this apathy or just being selfish because these are not their children?

It is important not to have a resentful attitude such as "an eye for an eye". If you blast the shit of the staff for not giving the appropriate level of service, your blood pressure could rise so high that you may require hospitalisation.

If you feel that by not providing courteous service will upset you, guess who is going to be the bigger loser? Your day is likely to be ruined; the people around you may not get good reception from you, or you may make countless mistakes in your work for the rest of the day. For the service staff, life goes as normal.

End Part 2 of 3


When you enter a premise as a customer, greet any staff member you encounter with a smile and say G’day audibly. By doing so, they will reciprocate.

If you come across a staff busy working, praise him/her for being a hardworking person, even though you are not the manager or employer. Pay attention to that person’s reaction. That smile is priceless!

Some staff members may be hanging around chatting instead of serving you. I suggest you go to them and ask in a pleasant tone whether you can join in the conversation. After making your request, then divert your conversation in getting them to provide you with some service.

During certain time of the day, staff may be gone for break. Some larger shops or supermarkets have the PA system and information counter; you can go to person staffing the counter and request for assistance, instead of throwing tantrum.

Businesses spent a lot of money in promotion in order to get customers through the doors. Supervisor or manager likes your feedback as a regular customer trying the help the store/shop to improve their business. You may provide suggestions how a certain staff member can improve in terms of attitude or product knowledge.

If "Mohamed does not go to the mountain, bring the mountain to Mohamed". If you are confronted by an unfriendly service staff member, how about return him/her some consoling gesture or speech? Smile and good manners can be very infectious. Go on, infect someone.

End of Part 3 of 3

Sunday 18 December 2011

Gender numbers in VCE maths just don't add up

Posted to The Age (14/12/2011) on 18/12/2011 at 1:20 PM
Commenting on "Gender numbers in VCE maths just don't add up"

http://www.theage.com.au/national/education/gender-numbers-in-vce-maths-just-dont-add-up-20111213-1otdc.html

Was there any study done to find out why less male students take up humanity subjects? Brain experts have researched and found out that male and female brains do not develop in the same manner.

The biological and physiological make up of male and female are different, and therefore this will definitely influence the behavioural and mental processes, which in turn determine their choice career one intends to pursue.

The world will be such a boring place if male and female are identical in every aspect. Just look at the time when Mao made every citizen "equal".

Julia Gillard: not becalmed, just calm (Post 3 of 3)

Posted to The Age (18/12/2011) on 18/12/2011 at 12:53 PM
Commenting on "Julia Gillard: not becalmed, just calm"

http://www.theage.com.au/national/julia-gillard-not-becalmed-just-calm-20111217-1p04p.html

Christmas is just round the corner. How about give Julia Gillard a big surprised present? Give her a one-way ticket to Christmas Island.

Julia Gillard: not becalmed, just calm (Post 2 of 3)

Posted to The Age (18/12/2011) on 18/12/2011 at 12:36 PM
Commenting on "Julia Gillard: not becalmed, just calm"

http://www.theage.com.au/national/julia-gillard-not-becalmed-just-calm-20111217-1p04p.html

Julia Gillard has copped a lot from the Australian public including myself, but I have no sympathy for her. Respect is earned, and she definitely has not earned her stripes, probably with the exception from the President representing the country having a flag with stars and stripes.

Her self-confidence has become her biggest enemy. It turns her to be self-centred, and arrogant. That's why Julia Gillard thinks that she is the best to lead Labor.

Julia Gillard is definitely not the best to lead Australia. God save Australia!

Julia Gillard: not becalmed, just calm (Post 1 of 3, Part 3 of 3)

Posted to The Age (18/12/2011) on 18/12/2011 at 12:36 PM (Not published by newspaper)
Commenting on "Julia Gillard: not becalmed, just calm"

http://www.theage.com.au/national/julia-gillard-not-becalmed-just-calm-20111217-1p04p.html

The second largest export earner, international education industry, worth over 18 billion dollars has turned in ashes by the not-so-smart policies. This is a godsend for Great Britain, Canada and United States to pick up all the international students. Just look around the CBD's and she'll see "For Lease" sign posted outside the empty multi-storey office buildings once used as campuses. She should also ask those former teachers and trainers from private and TAFE colleges what they are doing with their spare time, or get Alan Fell to probe further why shortage of taxi drivers was not a serious problem during the past decade.

The sudden rise in high-ed intake is not due to good marketing or improved education system. The last of the overseas students were forced to pursue higher degrees, and soon this feeder will dry up in 2012. In fact enrolments in private and TAFE colleges are so low, and together with the funding cut, more jobs will be lost not only in the education industry, but also the real estate industry and industries required to service the 300,000 students. The negative flow-on effect is ginormous.

Part 3 of 3

Julia Gillard: not becalmed, just calm (Post 1 of 3, Part 2 of 3)

Posted to The Age (18/12/2011) on 18/12/2011 at 12:34 PM (Not published by newspaper)
Commenting on "Julia Gillard: not becalmed, just calm"

http://www.theage.com.au/national/julia-gillard-not-becalmed-just-calm-20111217-1p04p.html

It is a noble idea to prepare students for careers, but where are the employment opportunities for those equipped with diplomas and degrees? Many reform policies are short-term policies and do not create jobs, let alone giving false hope to establish careers.

More and more factories have been closed, and jobs outsourced overseas. Online purchases from overseas could have been taxed and yet not done so. Collecting GST from these purchases can bring in hundreds of millions of dollars; good enough to fund some small infrastructure projects and create jobs. In the meantime, retailers will be able to survive the tough times and retain workers. While she is going to collect a big pay packet, she ignores the plight of the small business people. Is she going to wait until retailers collapse one after another before she realises we have a serious problem on hand? Unfortunately, many Labor members always treat business people as big bad wolves. This is probably ingrained in Julia Gillard’s mind, and as a result, she lacks the ability to understand the relationship between jobs and employers.

As some futurists may say, "The future is here". Offices and schools have no walls or boundaries anymore. Not only the office workers will soon be a thing of the past, but also the professionals; many will be joining the dole queue. This is a reality check; if workers or staff can work remotely from home, why can't work be done by much cheaper labour force overseas?

Part 2 of 3

Julia Gillard: not becalmed, just calm (Post 1 of 3, Part 1 of 3)

Posted to The Age (18/12/2011) on 18/12/2011 at 12:33 PM (Not published by newspaper)
Commenting on "Julia Gillard: not becalmed, just calm"

http://www.theage.com.au/national/julia-gillard-not-becalmed-just-calm-20111217-1p04p.html

Julia Gillard is a Jackie of many trades and Ms of none. She was in many portfolios, but for a short time in each, before being elevated to the highest post. She told lies after lies and broke election promises after promises, in order to get to where she is today. I do wonder whether she is either suffering from dementia or a proverbial liar.

She really lacks the brain juice to understand that pushing out reform policies is easy, but getting those implemented takes more than the stroke of a pen or pressuring her team, the Greens and the Independents to kowtow.

Is Julia Gillard conversant with the so-called reform policies or did the ideas just popped up during a night-out with the not-so-up-to-the-job Labor colleagues? She holds the false premise that "Two wrongs make a right". Government policies affect lives and livelihood of the Australian public and the political, financial and social stability of this nation. It is wrong to be gungho to get the related Bills passed in the Parliament. It is myopic to focus on implementing reforms which are bad in the eyes of majority Australian citizens.

Part 1 of 3

Saturday 17 December 2011

Seeing life from a different angle

Posted to The Age (17/12/2011) on 17/12/2011 at 5:03 PM
Commenting on "Seeing life from a different angle"

http://theage.domain.com.au/design-and-living/seeing-life-from-a-different-angle-20111216-1oxaq.html

I thought I knew my wife well, and built a "castle" for us to enjoy. An architect designed what we wanted - split levels with sunken lounge, high ceiling with exposed beams, exposed brick feature walls, big arch-windows, balcony outside our bedroom from which we could see the rising sun from the Dandenong mountains, doors and windows that create cross ventilation, entrance passage leading to rumpus room long enough to practise catwalk, etc.

Things did not seem to work out after we moved in. She did not like to look at the exposed beams in the ceiling when she was lying on her bed, the sunlight shone through the arch of the windows was too bright despite the rest of rectangular part was heavily draped, too many windows with glass to be wiped down, the house was too big for two of us and even had echoes when we spoke, could not reach the highest part of the ceiling to vacuum the spider webs, cost a lot to warm up the open-plan design, friends’ young children just loved going up and down the stairs, and we hosted more parties because the other friends’ homes were "too" small.

Then came a friend with some Feng Shui knowledge, telling us the cross ventilation was not ideal because the front entrance should not face the back exit directly. The God of Fortune would come into the house, and get out immediate from the back. Finally, my wife gave me the ultimatum – sell it or else.

Well, we are still happily married!

Tricks of the tradies

Posted to The Age (17/12/2011) on 1717/12/2011 at 3:44 PM
Commenting on "Tricks of the tradies"

http://theage.domain.com.au/real-estate-news/tricks-of-the-tradies-20101122-1835f.html

I have been waiting for article/report like this for a long time so that I can point out the flaws of these renovation shows. These shows are deceptive and misleading to consumers, namely, the TV audience and potential renovators.

They are in breach of the Australian Consumer Laws not only for reasons given above, but also for not providing relevant and useful information about the enormous amount of time, effort and money required to apply for permit, consult with architects or consultants, plan, shop and order goods, work out the logistic, engage additional labour, hire special equipment, negotiate with neighbours, just to name some critical issues. All these can cause financial losses to many inexperienced renovators, violate planning regulations and may present problems for future insurance claim. The non-financial negative flow-on effects may be more disastrous in that they cause enormous strain to relationships between spouses, family members and neighbours.

I enjoyed some of the shows, and have learnt a trick or two. I do hope that future show producers provide additional relevant information as I have listed in the above examples. It is nothing worse than causing financial hardship and ruining someone's life inadvertently.

Thursday 15 December 2011

Where is the housing market headed? (Post 5 of 5)

Posted to The Age (13/12/2011) on 15/12/2011 at 11:44 AM
Commenting on "Where is the housing market headed?"

http://theage.domain.com.au/blogs/talking-property/where-is-the-housing-market-headed-20111213-1osf0.html

@tim, collecting, collating, analysing data and presenting them in readable form are laborious and expensive. You probably understand that there is no free lunch in this world. Did you pay for the data? If you did not, then the result published is done with the minimum time and effort. Even the new Australian Consumer Laws will not be on the users' side, because you get what you pay for.

If all the auction results are submitted and the clearance rate calculated to 4 decimal places, it still does not give a true picture of the real market trend. A lot of properties are sold by private sales, and there is no obligation for data to be released for public consumption. Then there is the problem of when properties should be considered sold - the day the sale document signed by vendor and buyer, immediately after cooling off or all special conditions are met. If any special condition, e.g. bank loan approval, architect’s and termite/pest inspection, FIRB approve, etc., is not met satisfactorily, the sale can be voided by the buyer.

One more thing to consider is how relevant is the statistics, either clearance rate or median price, to the location of the specific property where one is intended to invest in.

With the latest and most advanced technology available to date, original source data still depends on human to input to the system; and most people will manipulate the data to their benefit.

Besides money, investing in property requires time, effort and brain juice.

Where is the housing market headed? (Post 4 of 5)

Posted to The Age (13/12/2011) on 15/12/2011 at 5:00 AM
Commenting on "Where is the housing market headed?"

http://theage.domain.com.au/blogs/talking-property/where-is-the-housing-market-headed-20111213-1osf0.html

I seek opportunity by predicting dooms. There is nothing to worry about if everything is hunky-dory, until things get over-heated. Buying during good times give low to negative returns; one may even lose the initial capital if the property is disposed early. If one is greedy and does not understand that property is a very long term investment, he is no wiser than those who invest in the shiniest, fastest and latest car.

When there is shortage of food, we grow food. When there is insufficient housing, we build more houses or multi-storey buildings. However, growing food and building dwellings need one crucial thing, namely land. When land becomes scarce, we cannot grow land! Scarcity pushes price up!

Many baby boomers had the opportunity to work two or three jobs during their younger days, and have experienced at least two recessions prior. They are not spendthrift like the younger generations, and have tucked away a fair amount of money. Some baby boomers who are ready to hang up their boots may not want to invest in real estate directly, but give away their money to their offspring as deposits or partial payments towards their first homes. Invariably, this provides an impetus for stimulating the next buying upswing.

As long as external influences do not have direct impact on an Australian citizen’s financial position, he will continue to live his life style and invest in property. However, if the impact is negatively drastic, real estate industry will slide to the point until cash-up opportunists come along to grab a good deal!

Where is the housing market headed? (Post 3 of 5)

Posted to The Age (13/12/2011) on 15/12/2011 at 4:55 AM
Commenting on "Where is the housing market headed?"

http://theage.domain.com.au/blogs/talking-property/where-is-the-housing-market-headed-20111213-1osf0.html

Statistics is NOT an exact science, and therefore must be interpreted alongside with other available relevant information. The published result may contain different levels of "noise" and can only be used as a guide and not by its face-value.

It may sound fantastic if a suburb has a clearance rate of 100%. How useful is this information if there was only one property auctioned that weekend? The data sample is too small and the clearance rate is deemed statistically unreliable.

An increase in median price at first glance may indicate most if not all the properties during the reporting period have gone up in value. However, closer scrutiny may reveal something totally different. If time is getting tough with property values declined, even many wealthy property owners have to sell their properties at reduced prices. With more high-value properties entering the market for sale will definitely distort the median price as well as the average price. Both prices may simultaneously increase, but that does not provide a true picture of the declining real estate market.

What will you do if data on numbers of properties sold, passed in, and clearance rate are unavailable like a decade ago? Do you feel naked real estate-wise? It is important for readers not to dwell on the accuracy of the available data from just one source, but learn to cross check with other statistics and the local agents.

Wednesday 14 December 2011

The girl with the drastic new look

Posted to The Age (14/12/2011) on 14/12/2011 at 5:55 PM
Commenting on "The girl with the drastic new look"

http://www.theage.com.au/lifestyle/beauty/the-girl-with-the-drastic-new-look-20111214-1otwp.html

She looks angry, and anorexic. Is she wearing half a coconut shell which has been painted black? She will look better if she grows her hair long again to cover the distinctive and over dominant ears. I like her previous look better!

Tuesday 13 December 2011

Where is the housing market headed? (Post 2 of 5)

Posted to The Age (13/12/2011) on 13/12/2011 at 11:51 PM
Commenting on "Where is the housing market headed?"

http://theage.domain.com.au/blogs/talking-property/where-is-the-housing-market-headed-20111213-1osf0.html

@Stuart-Rose & Jones Property, Loto numbers come out in random fashion, but real estate peak and trough can be predicted by analysing various factors. By that, I don't mean the shape of the coin that you toss, or how high you toss it. Although I wrote it cheekily, I do believe that March/April 2013 is the likely time for upswing.

The predictive model is complex, and some of the factors include: past cycle, demographic change, city expansion, local economy, global economy, government policy, etc. Prediction is based on objective as well as subjective assessment.

If you have been following my comments in response to many real estate articles, you would have learnt a thing or two. Back in early 2009, I alerted many friends that this fall could be as drastic as 40% for some overly heated areas, and 25% on the average. I also alerted some people who had intention to sell their high value properties to do so sooner and take the money to go on a world cruise. Upon return, they could lease a place of their choice, until they decided to buy at discounted price.

The biggest barrier is not affordability, but employment uncertainty. 5.3% of unemployment rate is too rubbery. By my calculation, the [latent] unemployment rate is 3 times as high.

My words of advice, "you eat everyday does not mean that you need to own a food store. Owning a home is not mandatory; there are other options of accommodation".

Where is the housing market headed? (Post 1 of 5)

Posted to The Age (13/12/2011) on 13/12/2011 at 11:51 PM
Commenting on "Where is the housing market headed?"

http://theage.domain.com.au/blogs/talking-property/where-is-the-housing-market-headed-20111213-1osf0.html

@Stuart-Rose & Jones Property, Loto numbers come out in random fashion, but real estate peak and trough can be predicted by analysing various factors. By that, I don't mean the shape of the coin that you toss, or how high you toss it. Although I wrote it cheekily, I do believe that March/April 2013 is the likely time for upswing.

The predictive model is complex, and some of the factors include: past cycle, demographic change, city expansion, local economy, global economy, government policy, etc. Prediction is based on objective as well as subjective assessment.

If you have been following my comments in response to many real estate articles, you would have learnt a thing or two. Back in early 2009, I alerted many friends that this fall could be as drastic as 40% for some overly heated areas, and 25% on the average. I also alerted some people who had intention to sell their high value properties to do so sooner and take the money to go on a world cruise. Upon return, they could lease a place of their choice, until they decided to buy at discounted price.

The biggest barrier is not affordability, but employment uncertainty. 5.3% of unemployment rate is too rubbery. By my calculation, the [latent] unemployment rate is 3 times as high.

My words of advice, "you eat everyday does not mean that you need to own a food store. Owning a home is not mandatory; there are other options of accommodation".

Housing market: what 2012 holds in store

Posted to The Age (13/12/2011) on 13/12/2011 at 4:29 PM
Commenting on "Housing market: what 2012 holds in store"

http://www.theage.com.au/business/housing-market-what-2012-holds-in-store-20111213-1osgj.html

Just a short response, upswing is in March/April 2013.

Friday 9 December 2011

Perfumed nights 3

Posted to The Age (7/12/2011) on 8/12/2011 at 9:05 PM
Commenting on "Perfumed nights"

http://theage.domain.com.au/green/perfumed-nights-20111207-1ohyy.html

My comment was directed to Cheryl NOT stressing enough the danger of Angel’s trumpet, which is also known as devil's weed. Consuming the leaves and seeds of this plant can lead to severe symptoms of toxicity, including hallucinations, seizures and coma. The most severe cases of its poisoning result in death.

(In comparison with rhubarb which contains poisonous substances in the leaves, one has to consume 5kg of rhubarb leaves to yield 24 gm of pure oxalic acid, lethal enough to cause death.)

Perfumed nights 2

Posted to The Age (7/12/2011) on 9/12/2011 at 11:54 AM
Commenting on "Perfumed nights"

http://theage.domain.com.au/green/perfumed-nights-20111207-1ohyy.html

Note. This is a response to the newspaper reader Cook who thought that I was hysterical to call for the removal of Angel's Trumpet from gardens. My previous blog can be found by clicking on the link
http://sinfongchannewspapers.blogspot.com/2011/12/perfumed-nights.html

Sigh, sigh, sigh! Cook, if all poisonous plants are removed from the gardens, there will be plenty of non-poisonous plants left, like all those mentioned in the article.

Just in case this logic is not simple enough for you to understand, I provide the following example: If dog owners are not allowed to keep dangerous dogs like pit bull terrier, they still have the option to keep non-aggressive dogs Pomeranian, Labrador, etc.

That's elementary, Cook!

The trouble with Kevin is, well, Kevin

Posted to The Age (9/12/2011) on 9/12/2011 at 11:09 AM
Commenting on "The trouble with Kevin is, well, Kevin"

http://www.theage.com.au/opinion/politics/the-trouble-with-kevin-is-well-kevin-20111208-1ol9i.html

@bowski, "How embarrassing for us as a nation for these 2 bananas to represent us on the international stage", was it a question or a sigh?

Can't you remember former PM Paul Keating had warned us about Banana Republic? Was there a hidden message?

The adage says "if you pay peanuts, you get monkeys." With the recent pay increase for the PM and MPs, we shall be paying more than peanuts; it's more like paying for Queensland bananas when floods destroyed the crops. Now, do we get bigger or better monkeys to run this nation?

Oops, did I just say Queensland banana? Oh no, we are getting a Queensland monkey as a replacement!

Thursday 8 December 2011

Perfumed nights

Posted to The Age (7/12/2011) on 8/12/2011 at 11:13 AM
Commenting on "Perfumed nights"

http://theage.domain.com.au/green/perfumed-nights-20111207-1ohyy.html

It is a pity that Cheryl Maddock did not stress enough the danger of Angel's Trumpet, and in fact, should recommend that the plant be removed from gardens. This plant is fairly toxic, and when ingested may cause hallucination, and even fatal.

Tuesday 6 December 2011

One woman's experience of downsizing

Posted to The Age (6/12/2011) on 6/12/2011 at 10:39 PM
Commenting on "One woman's experience of downsizing"

http://theage.domain.com.au/moving/one-womans-experience-of-downsizing-20111129-1o49b.html

Does it sound too good to be true? One really needs to read the fine print with big magnifying glass!

Some retirement villages do not allow the units to be sold in private market, that is, they must be sold back to the villages. The resale price is on a staggered rate, depending on the duration of occupation. One may not get back much if it is resold during first couple of years; but even after a decade or so, the resale price is still not 100% of the original price. Yes, you have read it correctly, the resale price is not indexed, and the price is based on percentage of the original price. In short, be prepared for big capital loss!

There is no free lunch too. Utility charges and maintenance fees are payable periodically. If one does not use the facilities in the village, one is throwing good money away for other people’s enjoyment.

There are other disadvantages, too. Most residents in retirement village are not young, and it is likely that within five years or so, more and more neighbours will drop off or move to nursing homes. One starts to wonder when their turn will come.

Sounding out a postcode (Post 2 of 2)

Posted to The Age (27/11/2011) on 6/12/2011 at 9:33 PM
Commenting on "Sounding out a postcode"

http://theage.domain.com.au/real-estate-news/sounding-out-a-postcode-20111126-1o0g5.html

People miss opportunities investing in great properties because they become pessimistic and negative experts due to one-time bad experience, or had been advised by ill-informed gurus, such as close relatives.

Many main roads or suburban train lines are flanked by shops or / and dwellings. The residents may find the traffic noise rather disturbing initially, but they soon get used to it, and accepted subliminally as ambience noise - no difference from having a television or radio being turned on. It is important to remember that most busy roads are not busy during off-peak and that is the time property owners along the main roads wind down or sleep.

A lot of people who have lived in busy cities, and enjoyed the hustle-and-bustle day and night, cannot cope with living in the quiet suburbs which lack night time activities. One of the reasons for the increase in number of city apartments is to cater for people who are used to that kind of life-style in their previous places of residence.

There are always more freeways, ring roads, railway lines and major road extensions on the drawing boards. History will repeat itself; properties in the surrounding areas of the new infrastructure will increase in price, and in some cases, by leaps and bounce.

End 1 of 3


Posted to The Age (27/11/2011) on 6/12/2011 at 9:33 PM

Superstition is another deterrent for some people buying certain properties. The cost of employing a medium to pacify an angry spirit is probably far less than the overall return in investing a way-below market value property. For Feng Shui believers, many features inside and outside the property can be modified so that buckets load of gold nuggets will be rolled in. For major structural issues, a good architect and structural engineer can help remove obstacles which block the God of Wealth coming into the property to deliver the good fortune.

I firmly believe that it is a myth people live under the power line have half-baked brains. If so, why are there no campaign and lobby to have more funding to train extra brain specialists, or build hospitals to deal with rising brain cancers? If so, should we, as mindful bleeding hearts, set aside funds for future claims by all those working in electricity generation power plants, whether powered by coal or nuclear? The power output are thousands of times more than the transmission lines that carry the electricity to our households.

End 2 of 3


Posted to The Age (27/11/2011) on 6/12/2011 at 9:44 PM

Is Sunbury, a suburb near Tullamarine Airport in Melbourne, miles and miles from nowhere? It was, until now. Sunbury was affordable; many people unknown to themselves being wise, with minimum in their pockets, invested in big blocks of land with abundant fresh air. They should be congratulated for making those bold decisions.

More and more people are travelling by plane to far destinations for pleasure now. The time will come when travel by plane to work is a norm. It is not nonsensical if one look at what is happening in Western Australia. In fact, many Southern European workers commute by plane to work in London. I can envision that Tullamarine will be a hub surrounded by more property development.

People living in the flight path are no different from those living on main roads and close to railway lines. For most people, it is a matter of time that noise will become a non-issue.

A point to remember; even the dirtiest and the most stinking house full of cats’ and dogs’ urination smell can attract buyers who previously lived in similar conditions. However, it is true that a clean and well presented property will attract more house hunting visitors, thus increases the chances of having the property sold sooner.

End 3 of 3

Home price falls accelerate

Posted to The Age (30/11/2011) on 6/12/2011 at 5:49 PM
Commenting on "Home price falls accelerate"

http://theage.domain.com.au/real-estate-news/home-price-falls-accelerate-20111202-1oa67.html

@sjncheng, I believe you can learn a thing or two from "William - Prices Catches you out - exclude it too" about ethics.

If you are working for a real estate agency, you are either blinded by your boss or reciting from your textbook. If you own an estate agency, it is time to come clean with your vendors or potential vendors how much of the advertised space, in newspaper, magazine and sign board, is for promoting your agency.

BTW, sjncheng, I am a qualified real estate trainer, adviser and mentor. I give my best honest opinion and assessment when writing my comments.

Home price falls accelerate 5

Posted to The Age (30/11/2011) on 6/12/2011 at 5:49 PM
Commenting on "Home price falls accelerate"

http://theage.domain.com.au/real-estate-news/home-price-falls-accelerate-20111202-1oa67.html

@sjncheng, I believe you can learn a thing or two from "William - Prices Catches you out - exclude it too" about ethics.

If you are working for a real estate agency, you are either blinded by your boss or reciting from your textbook. If you own an estate agency, it is time to come clean with your vendors or potential vendors how much of the advertised space, in newspaper, magazine and sign board, is for promoting your agency.

BTW, sjncheng, I am a qualified real estate trainer, adviser and mentor. I give my best honest opinion and assessment when writing my comments.

Sunday 4 December 2011

Home price falls accelerate 4

Posted to The Age (30/11/2011) on 4/12/2011 at 3:23 AM
Commenting on “Home price falls accelerate”

http://theage.domain.com.au/real-estate-news/home-price-falls-accelerate-20111202-1oa67.html

@Garry, the perfect financial storm is here on Thursday 8 December 2011. Mark this on your calendar! Don't ask me how I know it.

Home price falls accelerate 3

Posted to The Age (30/11/2011) on 4/12/2011 at 3:17 AM
Commenting on “Home price falls accelerate”

http://theage.domain.com.au/real-estate-news/home-price-falls-accelerate-20111202-1oa67.html

@FONZ OBE, there are neither whistle blowers nor real estate fortune tellers here. Some people are more perceptive than others. Writings are all over the walls, pavements, cafes, restaurants, television and newspapers; just that many people still think that commonsense is not worth a cent, and continue to search and attempt to expose the Da Vince Code, Nostradamus' quatrains, and hidden messages in a Bible.

Man's shock when prostitute turns out to be his daughter

Posted to Herald Sun (4/12/2011) on 4/12/2011 at 2:50 AM, 5/12/2011 at 12:18 PM (Not published by Newspaper)
Commenting on "Man's shock when prostitute turns out to be his daughter"

http://www.heraldsun.com.au/lifestyle/the-other-side/mans-shock-when-prostitute-turns-out-to-be-his-daughter/story-e6frfhk6-1226212062547

@Bradles of Reservoir, there is still such a thing called moral or moral code set defined by people in a civilised society.

I see that prostitution is more than just a mutual exchange of money for sex. Prostitution can lead to potential STD, marriage and family breakup, organised crime flourish, etc.

It is most unfortunate that the society we live are full of irrational policies made up some idiotic do-gooders. Why can not one be naked in general public places or inside one’s car as a driver or passenger?

May be some wise readers can explain to me why it is alright to prostitute but not to walk naked in public places in a free society?

Home price falls accelerate 2

Posted to The Age (30/11/2011) on 4/12/2011 at 2:12 AM
Commenting on "Home price falls accelerate"

http://theage.domain.com.au/real-estate-news/home-price-falls-accelerate-20111202-1oa67.html

@John Br, many listings are poor quality listings, and they will be sitting there "Waiting for Goddard". Let’s look at 3 cases.

Case 1 - There are 10 new listings for each week over 4 weeks. If 10 listings are sold each week, by the end of week 4, there is no listing in the book.

Case 2 - There are 10 new listings for each week over 4 weeks. 5 listings are sold each week. End of week 1, 5 properties are carried over to week 2, and 5 more again for week 3. By the end of week 4, there are 20 listings on the book, or 40 minus 5x4. Theoretically, both cases have 40 listings. However, by end of week 4, Case 2 gives a false impression that there are more listings than Case 1.

Case 3 - Vendors may withdraw unsold properties from the market, but return later as "new" listings on the book. Unsold listings are unlikely to be accounted for in the Research.

Just be careful, some statistical data may be taken with a grain of salt.

Friday 2 December 2011

Triple J presenters label Julia Gillard a 'whore', Tim Mathieson 'gay'

Posted to The Age (2/12/2011) on 2/12/2001 at 1:56 PM
Commenting on "Triple J presenters label Julia Gillard a 'whore', Tim Mathieson 'gay'"

http://www.heraldsun.com.au/news/more-news/triple-js-stinging-sledge-on-julia-and-tim/story-fn7x8me2-1226212148812

Same sex marriage contradicts what modern human race believes in - back to nature and grows things organic! We don't need GM or laboratory grown living things. Why are human race moving forward in the wrong direction!

PS I can't imagine how these Triple J idiots will respond if their girl friends, sisters or mothers were call whores. Watch your mouths, you have gone too far!

Thursday 1 December 2011

Pincer move on Gillard over gay marriage

Posted to The Age (1/12/2011) on 1/12/2001 at 12:16 PM, 2/12/2011 at 10:35 AM (Not published by Newspaper)
Commenting on "Pincer move on Gillard over gay marriage"

http://www.theage.com.au/national/pincer-move-on-gillard-over-gay-marriage-20111130-1o7bn.html

Same sex marriage contradicts what modern human race believes in - back to nature and grows things organic! We don't need GM or laboratory grown living things. Why are human race moving forward in the wrong direction!

MPs' pay rise will see Julia Gillard earn more than Barack Obama

Posted to Adelaide Now (1/12/2011) on 1/12/2011 at 1:48 AM
Commenting on "MPs' pay rise will see Julia Gillard earn more than Barack Obama"

http://www.adelaidenow.com.au/news/national/mps-pay-rise-will-see-julia-gillard-earn-more-than-barack-obama/story-e6frea8c-1226210704865

Why? Why? Why?


Posted to Adelaide Now (1/12/2011) on 1/12/2011 at 9:28 AM
Commenting on "MPs' pay rise will see Julia Gillard earn more than Barack Obama"

http://www.adelaidenow.com.au/news/national/mps-pay-rise-will-see-julia-gillard-earn-more-than-barack-obama/story-e6frea8c-1226210704865

Posted to The Age (1/12/2011) on 1/12/2011 at 9:58 AM
Commenting on "Massive pay rise for MPs, but travel perks on way out""

http://www.theage.com.au/national/massive-pay-rise-for-mps-but-travel-perks-on-way-out-20111130-1o7d9.html

Can we outsource the governing of Australia to China since we are getting everything cheaper from there? Alternatively, let's buy our services online and do without the current brainless mob.

Wednesday 30 November 2011

Sounding out a postcode (Post 1 of 2)

Posted to The Age (27/11/2011) on 30/11/2011 at 7:06 PM
Commenting on "Sounding out a postcode"

http://theage.domain.com.au/real-estate-news/sounding-out-a-postcode-20111126-1o0g5.html

If you are investing hundreds of thousands of dollars and can't be bothered to check out the potential purchase at different time of the day, then you're just as a fool. You're buying the property, the agent or vendor is not. If you are so trusting and take their words blindly, you're no wiser than someone handing over hard earned money to a Nigerian email scammer.

For many people, a major hospital can be the worst neighbour. The frequent ambulance siren, the helicopter’s rotor noise, turbulence caused by the same, air quality, etc. can be extremely annoying, disturbing, depressing and may even present a health hazard. However, for someone needing regular hospital services and medical treatment, or someone in the health profession, the address can be a bonanza.

Windows of properties near a railway line do rattle when a train dashes past or draws close to the station. For people commuting on train daily or more frequently, such addresses are perfect. Spending a few thousand dollars to double glaze the windows is a worthwhile investment, and is compensated by saving time and money for not having to drive to work in congested traffic.

Talking about traffic, many busy roads are quiet at night and should not deprive anyone for a good night sleep. A buyer with good negotiating skill can be rewarded for a reduction of $10000 or more by emphasising the negatives, which in fact post no health or life-style problem to the dwellers.

A bad location for a buyer may be an ideal one for another!

Home price falls accelerate

Posted to The Age (30/11/2011) on 30/11/2011 at 3:20 PM - 3:22 PM
Commenting on "Home price falls accelerate"

http://www.theage.com.au/business/home-price-falls-accelerate-20111130-1o5wx.html

The house prices fall is real, many people cannot afford to buy houses is real, many are waiting for the prices to come down further is real, and interest cut by RBA does not arouse buyers' excitement is real.

Student accommodation market is booming is false, there are not enough houses to sell is false, sellers are not prepared to negotiate is false, real estate agents are doing a good job is false, and the Australian's economy will continue at gang busting rate is false.

End of Part 1 of 3

Whew, now that these are off my chest, I shall say something about the current state of affairs. You probably have heard the saying "what goes up must come down". Why can so many things defy gravity and go up? Almost everyone in the real estate or other investment market understands the word "bubble". I prefer an alternative choice - balloon, or to be precise, a helium filled balloon.

If one fills a balloon with helium, the balloon will fly upwards against gravity. When most of the gas has escaped, the balloon will fall back to the ground. If one fills more helium than originally intended, the balloon will either fly further up, but still comes down eventually or burst before it has a chance to rise.

Many helium-like factors made the real estate balloon rise. In fact, before the real estate balloon started to descend after December 2008 (for Victoria), the State and Federal governments topped up the balloon with more helium-like incentive mid-air by extending the FHOG. The hype and craze lived on, pushing the houses prices and interest rate up. The door allowing more foreigners to buy real estate with less scrutiny from FIRB started to sideline a lot more genuine and hardworking home buyers, as distinct from house buyers.

End of Part 2 of 3

The flood gate for overseas investors is closed. The policies on international students coming to study have been revamped. The lending criteria have tightened. These major reasons have resulted in disastrous outcome. Those who did not understand the reasons for the uncontrolled rise of the over inflated balloon and joined in the wild party were hurt badly.

To many people, investment is business. Some business people cut their losses and walk away from it when prevailing conditions are not favourable. However, ill-advised and unwise business people may have to default, and assets are up for grabs.

If that is the case, there should be more properties in the market for sale. Why do not many real estate agents have enough listings? Many real estate representatives (only real estate licensed professionals can be called as agents) lack the human touch. Their technique is too aggressive, and they lack the apathy and sympathy in dealing with potential vendors who are in financial or marital trouble. These clients cannot afford expensive advertisements, and therefore you cannot find them in the real estate section of the newspapers or magazines. They also need every cent of the sale proceed, and cannot afford to pay thousands of dollars in commission.

With all these clues, what is your next move?

End Part 3 of 3

Measuring housing affordability

Posted on The Age (30/11/2011) on 30/11/2011 at 12:06 PM
Commenting on "Measuring housing affordability"

http://theage.domain.com.au/blogs/talking-property/measuring-housing-affordablity-20111129-1o4ff.html

I am no bleeding heart; individuals have to take charge of their own lives. While many complained about lack of money to have a roof on their heads, they spend it on cigarettes and alcohol instead. Australia is fast becoming a Sin City (nothing to do with me) because of the hypocritical State and Local governments keep approving extra gambling machines to rip off those who can't really afford.

Many adult children even in their late twenties are still staying with parents. Instead of saving up for a deposit for a home or a block of land, they dispose of their money on carefree lifestyle like dining out and sipping wine in trendy and expensive joints, getting drunk at night clubs, travelling overseas, unnecessary chatting on latest mobile phone that clocks up big bills, or buying the latest electronic gadgets. The money spent on the number of cups of "classy" coffee for some people is enough to contribute substantially towards their mortgage repayment.

Like most statistics, e.g. unemployment rate, you may take it with a grain of salt! However, if these figures can be finetuned, expanded and qualified, they provide useful information. We can take median house prices as an example. They are broken into categories like houses, units, apartments, etc. by city, suburb or street.

Affordability can be calculated not only based on city, suburb or street, but also classified under income range and household makeup. In order to make Affordability more realistic, economic condition should be given weights in the calculation!

Asylum seeker bill up $1.3 billion (Post 2 of 2)

Posted to Adelaide Now (30/11/2011) on 30/11/2011 at 11:11 AM
Commenting "Asylum seeker bill up $1.3 billion"

http://www.adelaidenow.com.au/news/national/asylum-seeker-bill-up-13-billion/story-e6frea8c-1226209717799

I would like to seek asylum from the Australian Government on humanitarian grounds. I have been tortured mentally by financially inept, dictatorial fibbers each day....

Asylum seeker bill up $1.3 billion (Post 1 of 2)

Posted to Adelaide Now (30/11/2011) on 30/11/2011 at 4:23 AM
Commenting on "Asylum seeker bill up $1.3 billion"

http://www.adelaidenow.com.au/news/national/asylum-seeker-bill-up-13-billion/story-e6frea8c-1226209717799

Please lock up Julia Gillard and her troop in the detention camp and throw away the key in the South China Sea off Malaysia. While they are in the camp, make sure they study mathematics to improve their numeracy skill. BTW, by putting that "slippery" guy with them will save $1.75 million of travel expenses a year. Why? Don't forget Kevin Rudd will not be travelling if he is in the camp with them!

Monday 28 November 2011

Know whether the market is turning

Posted to The Age (26/11/2011) on 28/11/2011 at 11:11 PM
Commenting on "Know whether the market is turning"

http://theage.domain.com.au/home-investor-centre/know-whether-the-market-is-turning-20111125-1nymj.html

Even if one can predict the bottoming of the real estate cycle or knows of a winner, they may not become a millionaire due to fact that they cannot raise the fund. I would love to add a few more properties to my portfolio if I can raise the finance in the next few days.

In early 2009, I was laughed at by many, including my peers, when I said property prices in some areas could fall by 40% in the next downturn (meaning the present one). I was branded as a doomsday sadist. I always say there is nothing to worry about in good time. On the contrary, we must have enough reserve for the bad time and have strategy in place to ride out the worst.

When the market displays all the signs mentioned in the article, it may be too late to join in the fun. Buyers may be buying impulsively like the last boom, without doing enough homework, or borrowing excessively and unwisely from the wrong financial institutions.

End of Part 1 of 2


Posted to The Age (26/11/2011) on 28/11/2011 at 11:12 PM
Commenting on "Know whether the market is turning"

http://theage.domain.com.au/home-investor-centre/know-whether-the-market-is-turning-20111125-1nymj.html

Australia's economy, and therefore the real estate market, is not immune from the financial crises around different corners of the globe. The dominant influencers are US, EU and China at present, but other individual nations, can change the fortune in short period of time. Government policies, home and abroad, can also motivate or dampen investors’ enthusiasm in the market.

In addition to economic analysis, hypothetical real estate cycle, buyer psychological needs, company reporting period and federal budget announcement come into play in long range forecasting.

Long range forecasting is not as difficult as rocket science, but to pinpoint the exact month of a particular year takes more than just using a crystal ball.

End of Part 2 of 2

Thursday 24 November 2011

'Slippery Pete' is a man who does things his way

Posted to The Age (24/11/2011) on 24/11/2011 at 4:40 PM
Commenting on "'Slippery Pete' is a man who does things his way"

http://www.theage.com.au/opinion/politics/slippery-pete-is-a-man-who-does-things-his-way-20111124-1nw37.html

Harry Jenkins, are you still as honourable as you were once? How can you sleep well as from tonight? How about prove to the Australian public that you still have pride and dignity. Resign from the Labor Party which has no loyalty to party member, "slippery" and does not work for the good of this country.

Southbank skyscrapers ire

Posted to The Age (24/11/2011) On 24/11/2011 at 11:13 AM
Commenting on "Southbank skyscrapers ire"

http://www.theage.com.au/victoria/southbank-skyscrapers-ire-20111123-1nv0z.html

@Ho Hum, do you know that these high rise buildings are called apartments NOT flats? They share excellent bird's eye views of many ugly Melbourne roof tops. The interior of the building might be "green", but these "Five-Finger Mountains" that house the modern primates create the concrete jungle, and likely have much higher carbon emission due to denser population. Be careful, Julia Gillard may whack the carbon tax on all high rise residents. (PS Five-finger Mountains are found in China).

Wednesday 23 November 2011

Hybrid fender benders save people and the planet

Posted to Sydney Morning Herald (19/11/2011) on 19/11/2011 at 5:58 AM
Commenting on "Hybrid fender benders save people and the planet"

http://smh.drive.com.au/motor-news/hybrid-fender-benders-save-people--and-the-planet-20111118-1nmhb.html

A heavier car means more materials used, and therefore bigger carbon footprint. While the number of hybrid cars is still small, disposal of batteries is not a major concern as yet. However, the day will come when this will present a big challenge and the impact will negate any "green" quality, making such technology environmentally unfriendly. So, can anyone come out with a recyclable green battery design?

Tuesday 22 November 2011

Real estate market in retreat

Posted to The Age (22/11/2011) on 22/11/2011 at 2:01 PM
Commenting on "Real estate market in retreat"

http://www.theage.com.au/business/real-estate-market-in-retreat-20111122-1ns10.html

I said that before, and say it again now, March/April 2013 is the time for the upswing. If you want me to tell you more, sorry, I won't. May be I should make a documentary entitled "Real Estate Nostradamus", or start a business like Access Economics!



Posted to The Age (22/11/2011) on 22/11/2011 at 2:12 PM
A number of people asked me why I am so confident about my prediction. My reply is that "patience has its limit"!

Tips for young investors

Posted to The Age (22/11/2011) on 22/11/2011 at 1:37 PM
Commenting on "Tips for young investors"

http://theage.domain.com.au/blogs/talking-property/tips-for-young-investors-20111122-1nrhx.html

Trust me, young people, it is not very smart just to be trendy, live in area you can't afford and stay close to the CBD. Try to look for a job close to where you live after you have digested what I have said in the first sentence.

Your money in the bank can never catch up with inflation, unless you keep piling up the balance with additional income from extra sources. The rental return for most properties is still not very good in Melbourne, so it is NOT a silly idea to continue renting. Be a good tenant, and you can see your rental payment goes down in real term.

So, you want to invest? Land appreciates, house depreciates - that is the saying. Your deposit money for a house may be sufficient to BUY, I stress the word buy NOT borrowed money, one or two blocks of land - obviously not in the already expensive / unaffordable suburbs. You have to do your homework and you'll find them. Google Earth can give you an idea about the surrounding environment.

Short term pain, long term gain does not mean that you go to borrow beyond your ability to repay. Look for win-win situation whereby you can achieve short term gain and long term gain - start searching for the "Far, Far Away Land" where there is a pot of gold buried underneath but will surface in years to come!

Until next time, keep reading my comments.


Posted to The Age (22/11/2011) on 22/11/2011 at 2:58 PM
When I was younger, I worked three jobs - 7 days and 6 nights before I was attached / married. Was there any life for me then? The answer is definitely Yes. Meeting people is life; talking to people is life; moving about contributing to the society is life, etc. Changing scenery from one job to another job was exciting and mind stimulating.

Last year, I used to get up at 5:15 am to catch the 6:06 am / 6:08 am train free-of-charge to Melbourne CBD. Sometimes, I dozed off for 30 minutes, or organised my thoughts during the train journey how I would conduct my class for the day. I was always the first one to arrive at the office; it was so quiet and no interruption. I could get great heaps of work done or marked plenty of papers before the office turned into a fish market.

There are properties you can afford to buy, but you must organise your life accordingly. You can drive to and park at the train terminus where train seats are plentiful.

Money does not grow on tree, and day dreaming does not increase bank balance. There are no rule books telling you where you should live or work. There are no rules telling you how you should make use of the 24 hours in a day, or where you can recharge his brain cells.

My friend gave me a big button on my birthday few days ago. On it was the wisdom "Aged to Perfection!"

Saturday 19 November 2011

Hybrid fender benders save people and the planet

Posted to Sydney Morning Herald (19/11/2011) on 19/11/2011 at 5:58 AM
Commenting on "Hybrid fender benders save people and the planet"

http://smh.drive.com.au/motor-news/hybrid-fender-benders-save-people--and-the-planet-20111118-1nmhb.html

A heavier car means more materials used, and therefore bigger carbon footprint. While the number of hybrid cars is still small, disposal of batteries is not a major concern as yet. However, the day will come when this will present a big challenge and the impact will negate any "green" quality, making such technology environmentally unfriendly. So, can anyone come out with a recyclable green battery design?

Friday 18 November 2011

The Pope did not like this Benetton image

Posted to Nine MSN (18/11/2011) on 18/11/2011 at 8:39 PM (Not published by Newspaper)
Commenting on "The Pope did not like this Benetton image"

http://grazia.ninemsn.com.au/blog.aspx?blogentryid=953267&showcomments=true

Whoever came up with that idea must be a very sick cookie. This is distasteful to the nth degree. The so-called "symbolic images of reconciliation" can create more divides than what was intended. The provocative photoshopped trash conjures up two gay men in action, which I find unacceptable and repulsive. I do sincerely hope that not only the Pope but also the affected world leaders take legal action against Benetton for such devious perversions.

Gillard goes 'all the way' with Obama's big regional push

Posted to The Age (18/11/2011) on 18/11/2011 at 12:26 PM
Commenting on "Gillard goes 'all the way' with Obama's big regional push"

http://www.theage.com.au/opinion/politics/gillard-goes-all-the-way-with-obamas-big-regional-push-20111117-1nl15.html

If there are laws on almost every form of discrimination, one more should be added to the list - international alliance discrimination! How will the US President or international leaders react if China were to propose forming close alliance with some of small countries in the Pacific region and set up military "training" bases there? How will the Australian Government and its citizens respond to China's proposal to set up bases around Broome, probably to keep an eye on Indonesia, or in the name of safeguarding the Asian Pacific region due to the US presence? These are not absurd questions, and Australian Government will need to start thinking before the latter proposal is put on the table.

Millions of acres of land, especially in the northwest of Australia, have been sold to unknown, non-government buyers from different countries. I am not a scare monger, not to the extend to say that there will be production of WOM, but I can think of many ways the "farmland" can be used or camouflaged which can bring Australia to its knees. Satellite surveillance system can detect a lot of things from above, and yet refugee boats slipped through detection. If it cannot detect what's above ground / sea surface, what hope can the system detect what's going on below?

Foreigners owning Australia's sovereign land is better than wars, because it involves no bloodshed. While prevention is better than cure, it is useless once infiltration has already taken place. Occupation of land is the beginning of infiltration and it is not limited to China only!

Thursday 17 November 2011

Touching times for Prime Minister Julia Gillard and US President Barack Obama

Posted to Herald Sun (17/11/2011) on 17/11/2011 at 3:00 AM
Comment on "Touching times for Prime Minister Julia Gillard and US President Barack Obama"

http://www.heraldsun.com.au/news/more-news/touching-times-for-prime-minister-julia-gillard-and-us-president-barack-obama/story-fn7x8me2-1226197260438

If Tony Abbott were to kiss Julia Gillard on her cheeks, or put his hand or palm on her back, she probably would scream, calling him a sexual pervert, and condemning his act as sexual harassment. Should Michelle or Tim be concerned about such public display of affection or intimacy?

Wednesday 16 November 2011

Barack Obama arrives for whistle-stop Australia visit

Posted to Herald Sun (16/11/2011) on 16/11/2011 at 5:08 PM
Commenting on "Barack Obama arrives for whistle-stop Australia visit"

http://www.heraldsun.com.au/news/more-news/barack-obama-arrives-for-whistle-stop-australia-visit/story-fn7x8me2-1226196101449

Posted to Herald Sun (16/11/2011) on 16/11/2011 at 5:08 PM (Not published by Newspaper)
Harry Jenkins, do you mean the MPs have not been at their best behaviour in the House? I think these "children" should not be spared from the Black Rod; bring it out and get the House in order.

Posted to Herald Sun (16/11/2011) on 16/11/2011 at 5:08 PM (Not published by Newspaper)
Just a thought, if the US is to set up bases at Darwin, we can use them to keep an eye on financial refugee boats from EU countries.

Posted to Herald Sun (16/11/2011) on 16/11/2011 at 5:08
Julia Gillard did not curtsy when greeting the Queen but just a handshake. It is disgusting though that she gave a sexy kiss on Obama's cheek instead of a simple handshake.

Posted to Herald Sun (16/11/2011) on 17/11/2011 at 11:38 AM (Not published by Newspaper)
Just a thought, when the US set up bases at Darwin, we can use them to keep an eye on financial refugee boats from EU countries.

Gillard's uranium backflip 'to appease big miners'

Posted to The Age (16/11/2011) on 16/11/2011 at 1:53 PM
Commenting on "Gillard's uranium backflip 'to appease big miners'""

http://www.theage.com.au/business/gillards-uranium-backflip-to-appease-big-miners-20111116-1nhze.html

Green energy, brown coal, yellow cake, black gold, amber sun, infra-red and ultra violet rays - who says power is not tainted by colours!

Markets Live: Stocks waver as Europe eyed

Posted to The Age (16/11/2011) on 16/11/2011 at 1:19 PM
Commenting on "Markets Live: Stocks waver as Europe eyed"

http://www.theage.com.au/business/markets-live-stocks-waver-as-europe-eyed-20111116-1nhwb.html

Uranium and coal seam gas - energy sources of the future. Buy until they become toxic shares!

Monday 14 November 2011

Hotels offering free drinks to women

Posted to Adelaide Now (12/11/2011) on 14/11/2011 at 12:23 AM, 17/11/2011 at 11:11 AM (Not published by Newspaper)
Commenting on "Hotels offering free drinks to women"

http://www.adelaidenow.com.au/news/south-australia/hotels-offer-free-drinks-to-women/story-e6frea83-1226193574195

Round up all the male or female drunkards and exhibit them in fenced open field like animals in a zoo. Irresponsible idiots should have their rights stripped off. By the way, when are graphic pictures going to appear on alcohol bottles, cans and bill boards warning about health hazards resulted in consuming this "legal" and yet addictive harmful product.

Friday 11 November 2011

Aussie stocks trim gains

Posted to The Age (11/11/2011) on 11/11/2011 at 1:25 PM
Commenting on "Markets Live: Aussie stocks trim gains"

http://www.theage.com.au/business/markets-live-aussie-stocks-trim-gains-20111111-1na5v.html

If Rome was not built in one day, how could Italy? Besides, it will cost a lot more in money and time to rebuild what has been "destroyed" by its ageing population, bureaucracy, corruption and tax-avoiding black market. With that in mind, how can anyone believe that this bad wind will blow away in just a matter of a day or so, and have so much confidence in pushing up share prices in such turbulent market?

Anything happens in Europe can affect economy worldwide. It is evident from other reports that China export has slowed. It is myopic to think that internal consumption will keep China economy going just like before. If it does, it is only temporary, because China needs a lot of money to look after a huge population.

Australia must also be cautious about continuous outflow of monies to overseas through online shopping and outbound tourism. Once consumers parted their monies, there will be less for internal circulation required for job creation and tax revenue.

Debt makes the world goes round, but debt is virtual money and must be repaid at some point in time. Prosperity created by debt is temporary, unless it can be repaid sooner by real money and not by another form of debt.

Australia's tourism brand image suffers big hit, new survey shows

Posted to Herald Sun (11/11/2011) on 11/11/201Posted to Herald Sun (11/11/2011) on 11/11/2011 at 12:15-12:17 PM
Commenting on "Australia's tourism brand image suffers big hit, new survey shows"

http://www.heraldsun.com.au/travel/news/australias-tourism-brand-image-suffers-big-hit-new-survey-shows/story-fn32891l-1226192233651

It is most unfortunate that many recent sports arenas in Melbourne are tucked away in very congested and rather uninviting surrounds. These are fantastic show pieces, much more than what I can say for the patch-work-look architecture of the Federation Square. These stadiums look great from above as well as unblocked side-views, and yet they have not been used in tourism promotion. They are comparable to the Water Cube and Bird Nest of China, "Durian" of Singapore, "Gherkin" of London, etc. The Sydney Opera House is still a fantastic talking point for tourists, but the Sydney Harbour Bridge which resembles a big clothes hanger really needs to take the back seat. There are so many longest, biggest, most dangerous and architecturally excellent bridges in the world.

I enjoy playing with English words, and I "look" at them from a foreigner's perspective. Sunburnt country is definitely a frightening place to visit. Who in the world wants to get sunburnt and risks skin cancer? Furthermore, the word sunburnt may not be understood properly by potential foreign visitors who may think that this country is arid and black - just being charred by forest fires. Down Under is a term sounds cool for the younger and trendy, or those who have heard the song by "Men at Work"; but isn't "down under" synonymous to "hell"? I just can’t imagine how these terms are translated in foreign languages. The combined effect of these terms conjures up an image that Australia is like a place where one gets burnt in the "Hot Hell Hole".

Melbourne and the surrounding, including the suburbs, have a lot to offer to foreign tourists. In saying this, we must not market the way we think fit for us unless the promotion is for local consumption. As it is very expensive to travel around to various intrastate and interstate places in Australia because of the vast distances, therefore it is more appropriate to target market different regions or states in different campaigns, unless special package tours can be offered to bring down the cost.

What we must keep in mind is that beautiful coastline is only beautiful for the first few kilometre in the eyes of a tourist, after which the remaining kilometre are just plain monotonous and boring. Most tourists cannot afford to spend too much time and money at one location, and in order to make the initial visit memorable, the tourist attraction must have certain wow factor. Not only this will be captured in photos, but also forever remains in their brains and mouths.

I am always excited to talk about Melbourne with foreign visitors, and when I am on overseas trips. Most visitors or potential visitors like to know a little bit of the history but not too much. Surprisingly, they want know how this country is run, compared with theirs. They want assurance that this is not a racist country. They like my comparing Melbourne with their hometown and other places. They like to know more about what we eat, what we do, where we "live" and whether they can see kangaroo or koala in the streets. They want sincerity and honesty.

Being a Melbournian, I have to admit that I do not have in-depth knowledge of other interstate cities. I think I am a good promoter and ambassador of Melbourne and even have a blog showing the beautiful photos of Melbourne. The collection of photos is growing. Any tourism related organisation wants to offer me a marketing position? I am all-ears!