Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
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What is the impact of phone usage on productivity?
It's the Real Estate Podcast brought to you by ANZ Home Loans for financial well-beings.
I put one of those social media apps on my phone to tell me how much social media I am consuming every day. And I got to tell you, I was extremely shocked. I am on my phone 28 minutes a day and I thought, well, that's got to stop. That's got to come down. Almost half an hour a day I am losing from staring at my screen. How bad is your addiction? Let's go to Sydney and catch up with Veronica Morgan from Good Deeds.
How much time do Australians spend on social media daily?
Welcome to the Real Estate Breakfast. Have you calculated your total social media time on your phone?
Good morning, Craig. No, I haven't. I would think 28 minutes a day sounds light on compared to what a lot of people would be spending. I would hope I'm only spending that on it. I think I suspect a little bit more because I do use it for work. You know, I do post a bit on LinkedIn and comment on LinkedIn, also on Instagram, a little bit sort of Facebook sort of personal, it shows my age, I guess. But I try to limit it and I try to stay off it and get out of the doom scrolls, that's for sure. But, you know, I'd be really happy if I was only 28 minutes a day because I am using it professionally as well.
Yeah. But what about walking around using the camera on your phone as a periscope for looking where you're going?
That is next level. You know, it's interesting. Whenever I go to a concert and I see these people who basically record the whole concert on their phones and I'm like, yeah, here. Are you really going to go away and watch any of this stuff? Because, you know, every now and then I do record a little bit and I've very rarely gone back and watched any of it like it's pretty sad that you're actually watching experiencing life like through the lens as opposed to or through your screen as opposed to actually experiencing life I think that's really scary
Yes, no, that is absolutely 100%. I never understand why people do that. They're spending hundreds of dollars on these concert tickets. Some of them are streaming it, which means if they're streaming it, they can do that stream for the entire concert, which is, well, it's just daft, if I'm to coin an old 70s phrase. And regarding the phone, you know, what I do when I'm out... I leave my phone in my car as much as possible. People who know me know that this is my behavior because I do try to live as much as possible in the 1980s. It was a much simpler life and less noise.
I have the discipline of not sleeping next to my phone. So I have to get up and go and get it.
What are the trends in the Sydney property market?
If I do decide I want to start scrolling in the middle of the night, which a lot of people do, I think it's really hard of rudeness to sit at the dinner table and be scrolling your phone. And there are some pretty bad manners out there in the sense that it's like, please pay attention to the people you're with. Stop trying to pay attention to people you're not with. And certainly with my daughter, I've got a 19 year old and she's probably walks around using a phone as a periscope. I don't know. But we don't have the phone at the dinner table. And even when we're driving around, obviously not when she's driving, but if I'm driving, I'm like, please, can you put that away? Talk to me, you know, you need to be vigilant.
And sometimes it's funny. My daughter visited some family recently and came away and said, you know what, mom, I'm so glad that you were really strict with me about the phone in my bedroom and everything when I was younger, because we've got family members who are so addicted to their phones. They actually don't have a life. That is their whole life, which is really sad. And so that's her observations. I'm glad that now she's a little bit older. She's thanking me for that discipline.
One of the key things about next year has happened, and that was with Michelle Bullock. You know, the RBA, they're a little bit nervous at this time of the year because of the Christmas spend. What is that going to do with the economy? All eyes are going to be on the first quarter of next year, which is fast looming.
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