On your Marks. Set. GO!
Australian’s have invented all sorts of stuff. Some inventors have made buckets of cash, while other not a brass razoo.
Some inventions are just so Australian they are a way of life. We have much to thank our inventive indigenous community for – men like Bobby McDonald, from Cummeragunga Mission in northern Victoria.
See long before Carl Lewis, Cathy Freeman or even Jesse Owens had taken to the track, the talented young indigenous runner in 1887 revolutionised the athletics world forever.
For it was Australian Bobby McDonald who was the first runner to ever officially begin a running race using a crouch-start. This starting position has become standard for sprint athletes with all Olympic runners now starting off blocks in the crouched position.
Like many inventions Bobby found the position by accident when he was bending over to avoid the cold wind while waiting at the starting line before the gun went off.
By using this revolutionary starting position, he immediately noticed the advantage it gave him and the sprint world was never the same again.
Image by Pexels from Pixabay
Lights. Camera. And Action!
Ballarat in the 1880’s was hardly the time or place that you would expect to credit an invention that would pave the way for the Kardashian culture to permeate into our lives.
Ingenious Australian inventor Henry Sutton is considered by many an equal to the inventing greats like Alexander Graham Bell, Nikola Tesla and Thomas Edison.
Henry was a prolific inventor who constantly dreamt up, then created all sorts of stuff including “the first battery in the world that not only stored electricity but could be recharged” says his great-granddaughter Lorayne Branch.
Another crazy invention he created was a long, tube-shaped appliance that was designed to transmit images over telegraph and telephone wires. The proud inventor called it the ‘telephane’.
Sutton was so far ahead of his time that although he used this device to transmit images from the Melbourne Cup along telegraph wires to Ballarat in 1885, the pictures were faint and scratchy due to the primitive infrastructure, but the concept did in fact work.
This futuristic gadget would go on to form the basis of the first TV.
Sutton’s paper on the telephane was published widely in 1887 and again in 1910 but he never patented the device allowing Scotsman, John Logie Bard in the 1920’s to invent the first TV.
We are currently living through a technological boom. Where the speed of development is occurring at a prodigious pace. Sometimes the inventions and commercialisation of them happens so rapidly and our adoption of them so lightning fast that we forget the impact they have on the economy and our productivity.
These technological improvements WILL be reflected in the price of land. Further they will impact on the Cycle and how and where credit is created.
Australia has been the home of many a world first invention. The note pad, stainless steel braces, plastic wine casks, the baby capsule, black box flight recorder, spray-on skin, the pacemaker, the first military tank, Aerogard, the first feature film and of course Ugg Boots!
ALL of these and many, many other inventions have impacted on our Productivity, Profitability and hence influenced the price of land.
Each cycle is Same, Same – it is just that we are inventing different stuff now. Think of the future 5G and the IoT but it is clear how the inventions influence our investment decision making due to the impact they have on our productivity and hence profitability that all must end up flowing through to the land price.