Brisbane and the Gold Coast, would be “the new east coast investment hotspot in 2015
Brisbane and the Gold Coast, will be “the new east coast investment hotspot in 2015 « Australia Business & Property Classifieds.jpeg "My Property Coach")
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Showing posts with label investment property. Show all posts
Showing posts with label investment property. Show all posts
Will we see then end of waiters and people serving behind counters in convenience stores etc?
Substituting technology for real-life waiters is not as far-off and futuristic as one may think. For all the skeptics out there, read the cleverly-headlined and profusely-shared “Hi, I’m a Tablet. I’ll Be Your Waiter Tonight.” article published in The New York Times recently. The piece asserts that “restaurants have been late to the tech party, and many are now scrambling to incorporate tablets, apps, computerized kitchen equipment and data analysis capabilities.” In other words, restaurants are being transformed by technology, and not just when it comes to waiting tables.Diners are definitely on board with this. Granted, some bemoan the loss of the human connection—one Reddit user commented, “If a restaurant I go to got rid of waiters, I’d stop going.” However, a survey by the National Restaurant Association found that more than 50% of consumers said that “they would use tableside electronic payment options,” and 44% indicated they would use tablet menus.
The customer is always…happy?
Several platforms have sprung up to provide this new technology, including Revel, Ziosk, and Tanjarine, the last of which links tableside ordering, entertainment, and pay-at-the-table service with server handheld devices. Restaurants that use these platforms report increased profits, more inventory turnover, and heightened levels of customer satisfaction.
We suspect that this is just the beginning: Consumer demand for instant, friction-free service in all aspects of their lives is only increasing. And now that apps like Uber are already providing that kind of service the second diners step out of a restaurant, they’ll surely want it inside as well. Besides, restaurants will probably realize the value in forming an association between themselves and these popular new tech platforms.
It’s the restaurant revolution
With waitering service covered and taking off, the next logical step would be integrating technology into more aspects of the dining experience. As a mobile app-creation platform that currently enables thousands of restaurants to connect and engage with their customers via customized mobile apps, that next step is something we at Como have been thinking about a lot.
As things stand now, these customized apps let restaurants post daily updated menus to reflect daily specials. Users can make reservations through OpenTable and Urbanspoon. App users on both ends can integrate with GrubHub, Seamless, and Eat24. But with the anticipated development of technology in the restaurant realm, we expect a lot more things to improve for the customer before, during, and after the dining experience.
Before:
We expect that customers will soon be able to use a restaurant’s app on their phone to send their order to their table’s tablet before they even get to the restaurant. Diners may even be able to order their favorite dish to show up at their table precisely at 8:15 p.m.
We expect that customers will soon be able to use a restaurant’s app on their phone to send their order to their table’s tablet before they even get to the restaurant. Diners may even be able to order their favorite dish to show up at their table precisely at 8:15 p.m.
During:
Alternatively, diners could change their order, confirm it, and send it to the kitchen once they sit down. Consider the efficiency this would bring to the restaurant, and more importantly, the high levels of satisfaction it would bring to customers. We all know how frustrating it can be to try and find a waiter when a restaurant gets really busy.
Alternatively, diners could change their order, confirm it, and send it to the kitchen once they sit down. Consider the efficiency this would bring to the restaurant, and more importantly, the high levels of satisfaction it would bring to customers. We all know how frustrating it can be to try and find a waiter when a restaurant gets really busy.
After:
Restaurant owners could track and monitor data such as individual customer behavior, menu choices, time spent at each table, and more. After the diners leave, a restaurant’s app could keep a record of what they enjoyed. That data would let restaurant owners offer them a discount on that dish the next time, recommend suggestions based on their culinary preferences, offer a coupon, or survey them on potential new menu items.
Restaurant owners could track and monitor data such as individual customer behavior, menu choices, time spent at each table, and more. After the diners leave, a restaurant’s app could keep a record of what they enjoyed. That data would let restaurant owners offer them a discount on that dish the next time, recommend suggestions based on their culinary preferences, offer a coupon, or survey them on potential new menu items.
Puttanesca with a side of data
The development of customized apps has always meant that restaurants are as much in the data business as they are in the food business. Now more than ever before, restaurants need to think about the many ways they can “serve” this data that’s available to them back to their customers.
For example, those counting calories could be notified about the calories they consumed during their meals. In turn, this data can be integrated into fitness and wellness services within an app—like Nutrisystem’s recent Numi launch. Taking this a step further, users can be told how many calories they need to burn based on what they just ate, and how long different workouts will take to achieve that.
We’ve come a long way from the time when restaurant owners—and other small business owners—wondered why they would ever need a mobile app. Of course, there will always be skeptics. New technology always provokes that reaction; there’s probably still some people out there grumbling about the birth of the Internet. But—while there’s obviously no guarantees— this particular change looks like it could be beneficial for everyone involved.
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Mobile Apps are Exploding & Australian SME's Rubbing their hands together
The mobile commerce sector in Australia is booming, with monthly sales for December growing by a massive 448% in just three years, according to an ACMA report.
The research snapshot, which uses data sourced from Roy Morgan, shows 3.4 million Australians used a mobile commerce service during December of 2013, significantly up from just 620,000 for the same month in 2010.
The figures measure the number of consumers banking, paying bills, or buying goods and services online using their smartphones.
According to the report, the local smartphone market is still growing, with 12.07 million Australians owning a smartphone as of May 2014, up 8% from a year earlier.
Overall, 59% of Australians now own a smartphone, a penetration rate that’s higher than either the US (56%) or the UK (51%).
The growth of smartphones led to the number of Australians using the internet on their mobiles to grow to 8.3 million during December 2013, up 196% from 2.8 million during the same month in 2010.
Not surprisingly, younger consumers leading the charge, with people aged 25 to 34 being 33% more likely that average to use mobile commerce, whereas use of those same services was 58% less likely than average among consumers aged 65 and older.
In terms of mobile shopping transactions, 33% of Australians over 18 participated in online auctions through their phones, 33% used an online mobile payment system and 21% paid for purchases using a credit card.
Meanwhile, a massive 77% of adults transfer funds using their mobiles, while 46% use them to pay bills, suggesting there’s still significant further room for growth in mobile shopping.
Has it Been A Good Year For Property?
Has it been a good year for property?
I can not see a lot of confidence in the market, yet prices are rising ?
Perhaps we are at an equilibrium where we will see a more balanced market going forward?
Interesting thought, Are we more motivated by making money or does the fear of losing money outweigh our greed?
In my opinion the main problem with any investment at the moment is affordability. Whilst inflation may be under 3% overall, do some research on essential services and see what high inflation is about.
You cannot rip an extra $5000 -$10,000 out of the average families cash flow and expect no flow on effect.
What is the easiest thing you can do to keep in the black,easy forget about the future and stop saving or investing- you need a house to live in, a car to drive, clothes, gas, electricity TODAY, not in 10, 15 or 20 years.
So if you are short on money after losing so much on extra essential services charges what do you think you will give up to make up for it?
Of course, your future financial goals are first on the list. They don't come around to cut the power off if you don't pay unlike your power provider.
Hence it is pretty hard to save your way to Financial Freedom living in a society where boundaries move and you have absolutely no control.
Obviously, this scenario is nothing new, 20 years ago it was oil and petrol, prior to that building materials etc, there will never be a perfect storm in an economy with natural disasters, financial crashes and market cycling happening everyday.
Savvy investors are usually people who make well researched decisions based on reliable modelling, whilst you can never totally remove risk you can plan for it. A plan that takes into account the what if's and provides a strategy that is based on worst case scenario integrated with good risk management and reporting is the most safest, secure and predictable way to success.
Whilst it may take a little longer your journey is going to be so much more relaxed and enjoyable.
If you are struggling to get ahead financially and feel that you are caught up in a scenario where you have the least amount control over your money then perhaps you may need to consider making an effort to stop being reactive and become proactive.
A simple phone consultation can often save our clients over half their term in mortgage payments and still have more cash flow coming in than previously.
It really depends on your circumstances and what you want to achieve, not everyone wants to buy and own investment properties or shares, however you need to find something to reduce the amount of interest and tax you will pay in your lifetime if you want any chance of financial freedom and don't want to be be another million dollar sucker paying your banks CEO's yacht off for them.
Book a Free Consultation during September using our Online Appointment Scheduler & Reminder System and Receive a $50.00 SHELL Fuel CARD as a Free Reward to pay for next weeks fuel bill.even better it may change your life....
http://realassetsolutions.appointron.com/bookings/choose_slot?account_id=37971&person_id=21300&service_id=27401
ARE YOU LOOKING FOR CAPITAL GROWTH?
We find that nearly all people we meet with that have investment properties are not maximising the benefits of owning an investment property.
If we can provide a simple scenario whereas a couple purchase an investment property and we ask why? generally it will be 1) to create wealth, 2) provide a solution for the next generation 3), to help pay off debt 4) reduce tax being paid
Out of the 4 points above - nothing is more important to your financial prosperity than reducing the amount of tax you are paying and arranging to receive any tax relief via a tax variation authority (TVA).
Regardless of the pro's and cons of a TVA, what you need to understand is that there is no magic silver bullet. It becomes a pretty simple equation. The first thing anyone needs to do to become financially free is pay off any debt outstanding.
To pay off mortgage debt, there is one major factor that will help you achieve this - CASH - FLOW
When investing in property we tend to focus way too much on capital growth. Sure you do not want to buy an asset that reduces in value, however relying on growth is like picking the x lotto numbers - who knows what is going to happen.
If you own that property freehold and it gives you an income that is fixed by term leases, does it really matter what the price of that property is today?
Capital Growth should be seen as the cream of your investment and should not be included in future return projections.
I have spoken to hundreds of people who have sold their investment properties as they were not seeing any growth in the value and it was costing them financially to hold the property.
A simple Tax Variation Authority aligned with a strategic offset mortgage structure would have made all the difference to these people.
Once you get your head around debt, cash flow and freehold ownership you will see rapid improvement in your finances.
Buying an investment that is going to work for you requires a lot of knowledge, skill and time.
Before rushing off and making a mistake that could cost you hundreds of thousands - find someone to help that isn't going to see you as a one off purchase. If you can find someone who is experienced in rapid debt reduction through investing that can assist, coach and mentor you any costs associated will pay for themselves 100 fold.
Where do you find these people?
Well of course I could say ring me......
Network and talk to successful people, don't wait until you are ready to invest start looking for that person now.
They may be your accountant, a real estate salesperson, a property manager, a mortgage broker or a financial planner. What you are looking for is someone who looks holistically at your finances, not just an expert in their field.
All the Best & Happy Debt Reducing.
PS - Self EDUCATION isn't a bad place to start
Purchasing this book from Amazon for under $30.00 wouldn't be a bad option either.
http://www.amazon.com/Rental-Property-Taxation-Australian-Investors/dp/0731408489/ref=as_sl_pc_tf_til?tag=realassesolua-20&linkCode=w00&linkId=FZAFCEXF4GQNGDA2&creativeASIN=0731408489
https://www.escapelounge.com.au/site/images/check-in/
If we can provide a simple scenario whereas a couple purchase an investment property and we ask why? generally it will be 1) to create wealth, 2) provide a solution for the next generation 3), to help pay off debt 4) reduce tax being paid
Out of the 4 points above - nothing is more important to your financial prosperity than reducing the amount of tax you are paying and arranging to receive any tax relief via a tax variation authority (TVA).
Regardless of the pro's and cons of a TVA, what you need to understand is that there is no magic silver bullet. It becomes a pretty simple equation. The first thing anyone needs to do to become financially free is pay off any debt outstanding.
To pay off mortgage debt, there is one major factor that will help you achieve this - CASH - FLOW
When investing in property we tend to focus way too much on capital growth. Sure you do not want to buy an asset that reduces in value, however relying on growth is like picking the x lotto numbers - who knows what is going to happen.
If you own that property freehold and it gives you an income that is fixed by term leases, does it really matter what the price of that property is today?
Capital Growth should be seen as the cream of your investment and should not be included in future return projections.
I have spoken to hundreds of people who have sold their investment properties as they were not seeing any growth in the value and it was costing them financially to hold the property.
A simple Tax Variation Authority aligned with a strategic offset mortgage structure would have made all the difference to these people.
Once you get your head around debt, cash flow and freehold ownership you will see rapid improvement in your finances.
Buying an investment that is going to work for you requires a lot of knowledge, skill and time.
Before rushing off and making a mistake that could cost you hundreds of thousands - find someone to help that isn't going to see you as a one off purchase. If you can find someone who is experienced in rapid debt reduction through investing that can assist, coach and mentor you any costs associated will pay for themselves 100 fold.
Where do you find these people?
Well of course I could say ring me......
Network and talk to successful people, don't wait until you are ready to invest start looking for that person now.
They may be your accountant, a real estate salesperson, a property manager, a mortgage broker or a financial planner. What you are looking for is someone who looks holistically at your finances, not just an expert in their field.
All the Best & Happy Debt Reducing.
PS - Self EDUCATION isn't a bad place to start
Purchasing this book from Amazon for under $30.00 wouldn't be a bad option either.
http://www.amazon.com/Rental-Property-Taxation-Australian-Investors/dp/0731408489/ref=as_sl_pc_tf_til?tag=realassesolua-20&linkCode=w00&linkId=FZAFCEXF4GQNGDA2&creativeASIN=0731408489
https://www.escapelounge.com.au/site/images/check-in/
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