The Power Move of Working the 5-to-9 Before the 9-to-5
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,720,356 (-0.49%)       Melbourne $1,032,164 (+0.03%)       Brisbane $1,202,525 (-0.01%)       Adelaide $1,059,532 (-1.15%)       Perth $1,096,286 (-0.29%)       Hobart $849,704 (-0.37%)       Darwin $877,272 (+3.98%)       Canberra $995,722 (-0.75%)       National Capitals $1,163,582 (-0.23%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $795,900 (-0.08%)       Melbourne $545,068 (-0.01%)       Brisbane $777,731 (-0.07%)       Adelaide $576,738 (-0.14%)       Perth $645,865 (-0.73%)       Hobart $574,457 (+1.02%)       Darwin $464,473 (-1.78%)       Canberra $499,147 (+2.13%)       National Capitals $631,243 (-0.02%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 13,852 (+48)       Melbourne 16,321 (+165)       Brisbane 9,348 (-171)       Adelaide 3,241 (+62)       Perth 8,046 (+66)       Hobart 725 (+8)       Darwin 162 (0)       Canberra 1,155 (+37)       National Capitals 52,850 (+215)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,523 (-44)       Melbourne 6,961 (+55)       Brisbane 2,097 (-8)       Adelaide 561 (+17)       Perth 1,557 (+21)       Hobart 167 (+6)       Darwin 221 (+2)       Canberra 1,239 (+5)       National Capitals 22,326 (+54)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $875 (-$5)       Melbourne $620 (+$10)       Brisbane $710 (-$10)       Adelaide $665 (+$5)       Perth $750 ($0)       Hobart $620 (+$5)       Darwin $850 ($0)       Canberra $750 (+$10)       National Capitals $741 (+$1)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $850 ($0)       Melbourne $630 (-$5)       Brisbane $680 ($0)       Adelaide $570 (+$10)       Perth $700 ($0)       Hobart $545 (+$23)       Darwin $650 ($0)       Canberra $600 ($0)       National Capitals $665 (+$2)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,498 (+32)       Melbourne 7,465 (-11)       Brisbane 3,655 (-41)       Adelaide 1,394 (+25)       Perth 2,273 (-9)       Hobart 247 (-6)       Darwin 41 (-1)       Canberra 470 (+19)       National Capitals 22,043 (+8)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 10,261 (+44)       Melbourne 6,264 (+33)       Brisbane 2,022 (+13)       Adelaide 418 (+5)       Perth 817 (-31)       Hobart 72 (-4)       Darwin 69 (-18)       Canberra 763 (+1)       National Capitals 20,686 (+43)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.64% (↓)     Melbourne 3.12% (↑)        Brisbane 3.07% (↓)     Adelaide 3.26% (↑)      Perth 3.56% (↑)      Hobart 3.79% (↑)        Darwin 5.04% (↓)     Canberra 3.92% (↑)      National Capitals 3.31% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 5.55% (↑)        Melbourne 6.01% (↓)     Brisbane 4.55% (↑)      Adelaide 5.14% (↑)      Perth 5.64% (↑)      Hobart 4.93% (↑)      Darwin 7.28% (↑)        Canberra 6.25% (↓)     National Capitals 5.48% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 1.5% (↑)      Brisbane 1.2% (↑)      Adelaide 1.2% (↑)      Perth 1.0% (↑)        Hobart 0.5% (↓)       Darwin 0.7% (↓)     Canberra 1.6% (↑)      National Capitals $1.1% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 2.4% (↑)      Brisbane 1.5% (↑)      Adelaide 0.8% (↑)      Perth 0.9% (↑)      Hobart 1.2% (↑)        Darwin 1.4% (↓)     Canberra 2.7% (↑)      National Capitals $1.5% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 35.2 (↑)      Melbourne 34.9 (↑)      Brisbane 38.0 (↑)      Adelaide 28.3 (↑)      Perth 41.9 (↑)      Hobart 31.0 (↑)      Darwin 29.9 (↑)      Canberra 34.7 (↑)      National Capitals 34.2 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 32.7 (↑)        Melbourne 30.5 (↓)     Brisbane 34.6 (↑)      Adelaide 29.5 (↑)        Perth 39.2 (↓)     Hobart 29.5 (↑)      Darwin 31.9 (↑)        Canberra 37.9 (↓)       National Capitals 33.2 (↓)           
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The Power Move of Working the 5-to-9 Before the 9-to-5

Working a regular day, even into the evening, is for mere mortals. Those out to impress start well before dawn.

By CALLUM BORCHERS
Fri, May 17, 2024 9:16amGrey Clock 4 min

As a competitive rower in my long-ago prime I sometimes used a racing strategy called fly and die. Sprinting to an early lead often yielded a fast overall time, even if I couldn’t hold my torrid pace through the finish line.

Some professionals take a similar approach to their desk jobs, starting their workdays with a 5 a.m. to 9 a.m. shift. They are up before the sun—and, more important, before their co-workers—to get a jump on the workday and impress the boss.

Nothing screams go-getter like a predawn email! Getting stuff done early allows them to clock out midafternoon and still look like stars, even if their routines require Ben Franklin-esque sleep schedules and vats of caffeine.

Melissa O’Blenis rises by 4:30 a.m. for prayer and Peloton time before starting her job at the digital consulting firm Argano.

“I just love checking things off my list,” she says. “I need that focus time away from Teams messages, email notifications and text alerts.”

A mother with two sets of twins, O’Blenis, 48, often breaks for her kids’ afternoon sports without feeling guilty or judged. Colleagues jokingly call her Granny because her 9 p.m. bedtime makes the early starts possible. But Granny got the last laugh when she was promoted to a director-level role in March.

More than 90% of knowledge workers want to flex their hours, according to surveys by Slack’s Future Forum . In the pandemic many of us got in the habit of handling personal commitments during standard business hours, then catching up on work tasks later .

Now that the office battle is largely over, fighting a return to rigid, 9 a.m. to 5 p.m. schedules might be workers’ last stand. But managers complain about afternoon dead zones when employees are out of pocket.

The solution for more workers is starting sooner instead of finishing later. Workflow software maker Asana reports that 21.4% of users are logging on between 5 a.m. and 9 a.m. this year, up from 19.8% in 2021. About 12% of work tasks are completed before 9 a.m., the company says, compared with 10% before the pandemic.

Early-bird bosses

Gibran Washington and his basketball teammates at Hofstra University used to run at 6 a.m. He maintained his early wakeups while climbing the ranks in food-and-beverage management.

By 9 a.m. meetings, he had already exercised, meditated and put in a couple of hours of work.

“I always found myself more prepared than my colleagues who hadn’t had their first cup of coffee yet,” says Washington, 40, who doesn’t drink coffee. Now he is chief executive of Ethos Cannabis, a chain of 12 dispensaries in three states, and rises as early as ever.

Waking and working ahead of the pack is a common CEO habit, from Apple ’s Tim Cook to General Motors ’ Mary Barra . Even if your ambitions are less grand than the corner office, starting early could help you stand out for one simple reason: The boss is probably up, too, and taking notice.

Matt Kiger says being the first one into the office helped him catch his manager’s eye and advance after changing careers from education to media sales. He would set his alarm for 5 a.m., hop a train from Connecticut to New York and be at his workstation before 7.

“I thought, ‘What is it going to take to break through?’” he recalls. “‘It’s going to take being there when my boss comes in, already at my desk making phone calls.’”

Now a senior vice president for digital sales at Townsquare Media , Kiger, 47, says much of the daily communication among company leaders happens by text and phone from 6 a.m. to 8 a.m. It’s possible to succeed as a night owl, he says, but people who sleep in risk missing a window when many executives are awake and accessible. While some working parents can’t swing early-morning meetings, others like Kiger say they are the key to being present at kids’ after-school activities.

Getting the worm

Matt Sunshine—whose surname surely predestined him to be a morning person—wakes at 5:30 a.m. to read the news. Then he cycles or takes a Pilates class and is on his computer by 7.

Sunshine is CEO of the Center for Sales Strategy in Tampa, Fla., which helps healthcare, media and professional-services companies generate leads. He doesn’t expect his 55 employees to follow his schedule but says it becomes progressively harder to get his attention as the day goes on and his calendar fills up with meetings. He also tries to log off by 5:30 p.m. for family time, so working after hours won’t necessarily make an impression.

“If you want to get my attention, a good time to get me is first thing in the morning,” Sunshine, 55, says. “Because people know I’m an early riser, I think that does influence other people to do the same.”

Elvi Caperonis’s morning routine is next-level organised. Her alarm rings at 6 a.m. She goes for a run at 6:30. At 7 she showers and eats breakfast. At 7:30 she opens her laptop and sets a timer for 25 minutes. That’s her first block to focus on the most important task of the day before a five-minute break. She repeats the on-off work pattern throughout the day.

Caperonis, a technical program manager at Amazon , makes a daily to-do list with nine items. She rates one critical, three medium-level and five lower-priority. This helps her work efficiently and in the right order.

The 41-year-old works from home in Florida and often picks her daughter up from school at 2:30 p.m., freedoms she has preserved partly by being highly productive early in the day, she says. Much of her job involves identifying potential risks to a project’s success, and when she sends an early-morning alert it arrives really early for company leaders in the Pacific time zone.

“They appreciate having that information first thing when they open their email,” she says. “In my experience, leaders are also early birds.”



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Why Chasing Yield After the Budget Could Cost You Everything

The federal budget has rattled property investors. But the biggest mistake isn’t the tax changes, it’s the conclusion many are drawing from them.

By Jeni O'Dowd
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The recent budget has forced a reckoning for property investors.

Negative gearing now restricted to new residential builds, the CGT discount gone and on paper, the numbers look different.

And many investors are responding by pivoting toward yield, prioritising cash flow over capital growth in a way that property strategists say misses the point entirely.

“The debate has shifted to yield versus growth as if they are opposing forces,” says Abdullah Nouh, founder of Melbourne-based buyers’ agency Mecca Property Group. “But that framing is itself the mistake.”

Nouh, who works with high-net-worth families and investors on long-term acquisition strategy, argues that capital growth remains the primary driver of genuine wealth creation and that the post-budget environment has made quality assets more important, not less.

The numbers make his case plainly. An additional $500 per week in rental income is welcome. A prestige asset appreciating by $1 million over a market cycle is transformative.

These are not equivalent outcomes, and portfolios built around yield at the expense of location and land value tend to generate income while wealth stands largely still.

The more nuanced shift Nouh is seeing among sophisticated investors is a move toward assets where both outcomes can be engineered simultaneously – established homes on substantial land in quality locations, where the existing dwelling can be repositioned, rental returns improved, and the underlying land value compounds independent of what sits on it.

For investors with existing equity, commercial property is also entering the conversation in a more serious way.

Prestige industrial assets, medical centres and long-leased essential retail offer income profiles that residential property in most capital city markets cannot currently match: longer lease terms, tenants covering outgoings, and greater predictability than the residential tenancy cycle.

“The investors who build lasting wealth are rarely the ones who chased yield or growth exclusively,” says Nouh.

“They are the ones who built a strategy they could sustain – one that generated enough income to hold quality assets through multiple cycles while those assets compounded in value.”

The budget has changed the settings. It has not changed the fundamentals.

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