Value
of
a house is what somebody is willing to pay. If you are not actually selling your house in
Australia, how do you know the valuation? Well get a
banker or real-estate agent to do a valuation. Remember; don’t always go with
the higher valuation. Follow our site https://www.verticalbricks.com.au/selling-house-in-australia
Thursday, November 28, 2019
Tuesday, November 19, 2019
Housing Market in Perth
Over the past couple of months, house prices
have bounced back in Melbourne and Sydney, however, the same trend is not seen
in Perth. That is mainly because of two reason, firstly, there is a downturn of
mining sector and secondly, not enough migration is happening in Perth. Perth
saw big increases in house prices during 2008 mainly because of the demand
created by migrants and workers in the mining sector. Buying a House is Perth was becoming almost out of reach of a
common first home buyer. Now tides have turned and selling
a house in Perth has become very difficult as there are not
enough buyers. If you have been thinking of getting in the housing market, this
probably could be a good time to invest. Follow our site https://www.verticalbricks.com.au/selling-house-in-australia
Tuesday, November 12, 2019
Buying a house in Australia – is it necessary to have 20% deposit
Banks recommend that you have 20% deposit for
your home; however, buyers find it increasingly difficult to save 20% deposit.
Foreg buying a house in Brisbane
you need to save $110,000 (estimated median house price in $550,000). For a
family of four, in today’s environment it would be nearly impossible to save
that kind of money. Well there is another option where banks cover their
lending with Lenders Mortgage Insurance. It means, in case you are unable to service
the debt, bank will sell the property and pay the loan and if any shortfall, it
will be covered by the mortgage insurance company. Typically a home buyer will
have to pay for the mortgage insurance and it is in thousands of dollars,
depending on loan amount the loan to property ratio. Follow our site https://www.verticalbricks.com.au/buying-house-in-australia
Thursday, November 7, 2019
How is technology changing business processes?
In today’s environment “actions” and “outcomes” are the two most important things people talk about. For eg. John went for an interview (action) and he got selected for the job (outcome). There are mainly 3 things associated with any action or event – what, when and how!
Following on with the earlier example, what happened was John got selected for job (that is the outcome). The interview time (when) wasagreed between the interviewer and John and how he got success was by preparing well for the interview and arriving in time for the interview (that is the action). Very simple … isn’t it?
Let us see how things have changed over a period of time in the same example. “What” and “When” hasn’t changed at all in the past 100 years, what has changed is “How”. I am sure 100 years ago physical interviews were conducted for appointing somebody for a position /jobs. What has changed is “how” interviews are held.
Sometime ago, I applied for job, the process for selection was first “a skype interview” and if I got shortlisted, I would then have to appear in person with the appointing manager and then if I passed that round, then the final interview is with the HR person. Wow that is quite a process. The first job,in my 25 year career,that I got selected, was an interview with a manager / HR Manage in person.
Virtual business is now a reality
As we get connected globally, we have gone one step further by hiring employees from anywhere in the world and work from anywhere in the world, as long as you are a part of the team and connected. The physical presence is not required at all. I worked for a major bank in Australia. Prior to the concept of outsourcing, all service providers (employees)were a part of any business process,were employed by the bank directly and were housed in one building. As the bank management started focussing on efficiency and cost saving, some of the back office activities like technical support was outsourced to an organisation overseas. The employees who got hired for that process, were part of another company but the processes were connected, so as make us work as a part of a continuous process. The final process outcome however remained the same i.e to provide exceptional customer service to the customer, what actually changed was “how” the service was provided. The result of the process change was cost and efficiency gains.
How technology impacts ourworking lifestyle and behaviour
Moving away from earlier two examples, I will take one example of how we transact with money. Going back in memory, I remember as a student, we had to visit a specific bank branch to deposit or withdraw cash. The process involved, standing in a queue to submit the cheque at a counter, the person sitting behind the counter made me sign at the back cheque and gave me a token for cash collection at the cash counter. The cheque and the signature was manually verified by a team leader / manager who approved the payment. Then the cashier at the counter would call out my token number and make me sign again and count the cash and hand over to me. This process took me at least half an hour to an hour depending on the number of customers at the bank branch.
Now fast forward to 2019, we rarely use cash for our day to day transactions. Even if we have a need to use cash for some reason, you don’t have to visit any specific bank branch for withdrawing / deposit cash. You may visit any bank branch and use the ATM using the debit / ATM card. We don’t have to go through the lengthy process of queues and signature verifications. In fact, I can’t remember when I actually withdrew any cash from any ATM.
We don’t have to hold currency notes to spend them. Electronic transaction is a reality. We just make payments online or over voice. Currency value has just become a number that is transferred from one account to the other. We can now make all transactions from the comfort of our homes while watching our favourite shows on television or at the dining table having a family dinner.
Every day businesses transact billions of dollar online, which require no or very little manual intervention. Digital Bank is now a reality where, banks don’t have to have any physical branch. All transactions are done electronically. People only take decisions.
Our lives have definitely become better and easier with the changes in our Banking systems. Even though some of the older generation would disagree!!
What do you think?
Partha Mazumdar is the founder and designer of https://www.verticalbricks.com.au an online property platform. He has interest in changing market behaviour and economics.
Following on with the earlier example, what happened was John got selected for job (that is the outcome). The interview time (when) wasagreed between the interviewer and John and how he got success was by preparing well for the interview and arriving in time for the interview (that is the action). Very simple … isn’t it?
Let us see how things have changed over a period of time in the same example. “What” and “When” hasn’t changed at all in the past 100 years, what has changed is “How”. I am sure 100 years ago physical interviews were conducted for appointing somebody for a position /jobs. What has changed is “how” interviews are held.
Sometime ago, I applied for job, the process for selection was first “a skype interview” and if I got shortlisted, I would then have to appear in person with the appointing manager and then if I passed that round, then the final interview is with the HR person. Wow that is quite a process. The first job,in my 25 year career,that I got selected, was an interview with a manager / HR Manage in person.
Virtual business is now a reality
As we get connected globally, we have gone one step further by hiring employees from anywhere in the world and work from anywhere in the world, as long as you are a part of the team and connected. The physical presence is not required at all. I worked for a major bank in Australia. Prior to the concept of outsourcing, all service providers (employees)were a part of any business process,were employed by the bank directly and were housed in one building. As the bank management started focussing on efficiency and cost saving, some of the back office activities like technical support was outsourced to an organisation overseas. The employees who got hired for that process, were part of another company but the processes were connected, so as make us work as a part of a continuous process. The final process outcome however remained the same i.e to provide exceptional customer service to the customer, what actually changed was “how” the service was provided. The result of the process change was cost and efficiency gains.
How technology impacts ourworking lifestyle and behaviour
Moving away from earlier two examples, I will take one example of how we transact with money. Going back in memory, I remember as a student, we had to visit a specific bank branch to deposit or withdraw cash. The process involved, standing in a queue to submit the cheque at a counter, the person sitting behind the counter made me sign at the back cheque and gave me a token for cash collection at the cash counter. The cheque and the signature was manually verified by a team leader / manager who approved the payment. Then the cashier at the counter would call out my token number and make me sign again and count the cash and hand over to me. This process took me at least half an hour to an hour depending on the number of customers at the bank branch.
Now fast forward to 2019, we rarely use cash for our day to day transactions. Even if we have a need to use cash for some reason, you don’t have to visit any specific bank branch for withdrawing / deposit cash. You may visit any bank branch and use the ATM using the debit / ATM card. We don’t have to go through the lengthy process of queues and signature verifications. In fact, I can’t remember when I actually withdrew any cash from any ATM.
We don’t have to hold currency notes to spend them. Electronic transaction is a reality. We just make payments online or over voice. Currency value has just become a number that is transferred from one account to the other. We can now make all transactions from the comfort of our homes while watching our favourite shows on television or at the dining table having a family dinner.
Every day businesses transact billions of dollar online, which require no or very little manual intervention. Digital Bank is now a reality where, banks don’t have to have any physical branch. All transactions are done electronically. People only take decisions.
Our lives have definitely become better and easier with the changes in our Banking systems. Even though some of the older generation would disagree!!
What do you think?
Partha Mazumdar is the founder and designer of https://www.verticalbricks.com.au an online property platform. He has interest in changing market behaviour and economics.
Tuesday, November 5, 2019
Buy vs Build – which option is better?
Before you actually start looking for house, you
have to take a very difficult decision – whether to buy an existing house or
should you buy a piece of land and build a brand new home. There are pros and
cons in both the options. For eg. While buying
a house in Melbourne, unless you are loaded with cash, you would
ideally be looking for a block of land in the outer south east or western
suburbs. Once you have decided on the land, you would have to decide on the
builder. You may choose to go with one of reputed builders who have standard
design plans or hire an architect to design your dream. The choice is yours;
the later is a bit more expensive than the former. Follow our site https://www.verticalbricks.com.au/buying-house-in-australia
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