Is the online version of The Age still a paper?

I value having The Age delivered to my door each morning, but I’m disappointed with the online version, I refer to it often, but my experience with the site suggests I’d have to think long and hard before I’d be prepared to pay to access it online.

Charging is of course Fairfax’s ultimate goal (the online version of The Financial Review, which is also Fairfax owned, is pay for use) and seen as a way of making up for the declining popularity of newspapers – sales of the Monday to Friday edition of The Age fell 4% in the March Quarter, 2010. Sales of the Saturday edition fell 5%.

Those video advertisements that automatically start when you click on the site are a real turn-off but I have some sympathy for Fairfax’s search for a financially viable online model (although since I pay for the hard copy, why should I have to endure such intrusive advertising?). No, my disappointment relates to management issues.

A key reason for my dissatisfaction is basic – it’s hard to find stuff on the site. I imagine that many people want to track down an article they recall seeing in yesterday’s paper or last week’s, yet you can’t search by date of publication. You have to know the title or author. That seems like a terribly basic omission to me. Why can’t I look up a simple table of contents for each day, showing the name and author of articles with the ability to jump straight to what I want? Read the rest of this entry »

Does the housing dollar buy more in Melbourne?

Yes! Compared to Sydney, you get 11 km closer to the city centre in Melbourne and pay $70,000 less!

The Financial Review ran an interesting article on Saturday titled Only units deliver median inner glow. It’s paywalled, but I’ve made two graphs (click to enlarge) based on information it presents in a table on house and unit prices. The data was compiled by RP Data.

The Financial Review’s emphasis was on affordability however the sophisticated readers of this blog will appreciate that there’s a more interesting story here (although with a caveat – I haven’t seen RP Data’s full set of numbers as they’re subscription only).

Figure 1 (based on numbers prepared by RP Data)

Figure 1 shows that a buyer has to travel 23 km from the CBD in Sydney in order to obtain a house at the median price of $500,000. However in Melbourne the median house costs considerably less – $430,000 – and, more importantly, you only have to go 12 km out to find it. All this even though the population difference is only around 500,000 people – 4 million in Melbourne vs 4.5 million in Sydney.

Thus the bundle of locational services available in Melbourne for the dollar is significantly better than in our older sister up the Hume. Those services relate to the special attractions of proximity to the city centre – high level corporate and government jobs, recreational and cultural facilities, private schools, entertainment, etc.

The value of the city centre is brought home by that quintessential icon of Melbourne, the footy. The only place you can attend an AFL game within Melbourne nowadays is in the centre. And being 12 km from the CBD will usually be a better location than points further out for accessing Melbourne’s wealth of suburban jobs and for being closer to family. No wonder migrants are beating a path to Melbourne rather than Sydney. Read the rest of this entry »