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Aussie Property Mogul Becomes Biggest Single Investor in the Big Apple

Posted: December 9th, 2014 | Author: | Filed under: Business and Economy, Wealth Creation | Tags: , , | Comments Off on Aussie Property Mogul Becomes Biggest Single Investor in the Big Apple

Aussie Property Mogul Becomes Biggest Single Investor in the Big Apple

An Australian businessman’s investment fund has divided locals after amassing hundreds of properties and becoming the largest single investor in family homes in the New York region.

Over the past three years, Alan Dixon’s fund has spent $610 million on residential property, buying nearly 600 houses and making his company the biggest investor in single family homes in New York.

Mr Dixon’s fund buys historic houses, many of them abandoned or rundown. They buy them cheap, renovate them, and turn them into luxury homes which command top dollar on the rental market.

The purchases are made entirely in cash, and real estate broker Victoria Hagman said Mr Dixon’s all-cash deals are driving up prices :: Read the full article »»»»


Google’s Hot New Buy, Smart-home integrator, Nest Labs

Posted: January 15th, 2014 | Author: | Filed under: Technology | Tags: , , , , , , , , , , , , | Comments Off on Google’s Hot New Buy, Smart-home integrator, Nest Labs

Google's Hot New Buy, Smart-home integrator, Nest LabsThe behemoth that is Google, has announced it’s first acquisition for the year, it’s buying Nest, a smart thermostat maker set up by former Apple genius and iPod visionary, Tony Fadell, in a deal said to be worth $US3.2 billion/$AU3.5 billion.

This latest big-ticket buy continues a move by the California-based search giant into consumer electronics hardware, adding smartphone-synced thermostats to its Motorola Mobility smartphones, Nexus mobile devices, Chromecast, and the promised release of  Google Glass some time this year.

Nest Labs makes internet connected smoke detectors and thermostats. The company set about reinventing simple, but essential household devices in 2011 with the launch of it’s Nest Learning Thermostat and follow up product, Protect, a smoke alarm controlled by mobile devices :: Read the full Technoid article »»»»


World First Floating Condo

Posted: October 11th, 2013 | Author: | Filed under: Concept Housing, Favorite New Thought, From The Web | Tags: , , | Comments Off on World First Floating Condo

World First Floating Condo

The Dutch are renowned for their ingenuity in taming water. utilising it to their advantage, but their systems for keeping the slippery liquid at bay are now getting a serious rethink by architect Koen Olthuis and his team at Waterstudio. While rising sea levels have inspired governments around the globe to invest in flood defences, with the Citadel, Olthuis is embracing waterborne housing with spectacular enthusiasm :: Read the full article »»»»


World’s Biggest Building: China’s New Century Global Centre

Posted: July 16th, 2013 | Author: | Filed under: CHINA, Urban Planning | Tags: , , , , | Comments Off on World’s Biggest Building: China’s New Century Global Centre

New Century Global CentreBoasting its own artificial sun, a floor area three times the size of the Pentagon, the “world’s largest building” has opened in Chengdu – a metropolis in China’s Sichuan Province  – to mixed reviews from its first visitors. The towering 100-metre high New Century Global Centre, which is said to be big enough to hold 20 Sydney Opera Houses, recently opened its doors in Chengdu.

The complex, which Chinese officials say is the world’s largest standalone structure, is 500 metres long by 400 metres wide, offering 1.7 million square metres of floor space, big enough to hold 20 Sydney Opera Houses.

But the first wave of visitors were divided over the attractions of the the structure, which houses 400,000 square metres of shopping space, offices, conference rooms, a university complex, two commercial centres, two five star hotels – including an  Intercontinental Hotel –  and an IMAX cinema :: Read the full article »»»»


Reserve Bank Governor Says Australians Too Pessimistic

Posted: June 11th, 2012 | Author: | Filed under: Business and Economy | Tags: , , , , , , | 3 Comments »

Reserve Bank Governor Glenn Stevens Says Australians Too PessimisticAustralia’s Reserve Bank chief, Glenn Stevens says Australians are too pessimistic on the state of the country’s economy, Stevens reckons that we should be much more optimistic over the nations prospects.

Speaking at the American Chamber of Commerce in Australia luncheon in South Australia, Stevens described the nations better than expected growth figures as “quite respectable”. The reserve bank chief said that changes in the world economy present challenges that can easily be overcome.

Stevens said Australia is in a good position to tackle possible world recession sparked by the debt woes facing Europe. He said that economic indicators show that Australia has handled the global financial crisis of 2008 well :: Read the full article »»»»