tag:blogger.com,1999:blog-45271139346303202752024-02-19T00:53:04.717-08:00Helping Time-Poor InvestorsI took on a couple part-time jobs while my husbandworked as a Correctional Officer for the state, and then I became a realtor. I knew I wanted to be in business and I knew that I wanted to do great work serving the market in a different way.
After earning my license I signed on to work with the #1 Real Estate Company in the Triangle, Coldwell Banker Howard Perry and Walston. I was working 16-18 hour days. But I loved the hustle and I wanted to be in business full time.Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.comBlogger7035125tag:blogger.com,1999:blog-4527113934630320275.post-71738239410830830372019-04-24T01:08:00.001-07:002019-04-24T01:08:15.291-07:0010 lessons I learned from past property downturns<p><strong><img class="alignright size-medium wp-image-50789 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/property-time-market-clock-house-cycle-investment-timing-watch-growth-300x200.jpg" alt="property time market clock house cycle investment timing watch growth" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/property-time-market-clock-house-cycle-investment-timing-watch-growth-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/property-time-market-clock-house-cycle-investment-timing-watch-growth-1024x682.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/property-time-market-clock-house-cycle-investment-timing-watch-growth-1160x773.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/property-time-market-clock-house-cycle-investment-timing-watch-growth.jpg 1500w" sizes="(max-width: 300px) 100vw, 300px" />What comes up must come down.</strong></p>
<p>History shows us that property markets move through a cycle of downturn, stabilisation, upturn and boom.</p>
<p>Then rinse and repeat.</p>
<p>Australia’s property markets have now moved into the downturn phase.</p>
<p>But let’s be clear…we’re experiencing a soft landing.</p>
<p>There is no crash ahead.</p>
<p>So what’s ahead for property in 2019 and beyond?</p>
<p>Given there are a number of markets across the country, all at differing points of their own cycles, I’d like to look back and share 10 lessons I learned from previous property downturns.</p>
<h2>1. Booms don’t last forever</h2>
<p>Whether it’s property, shares or bitcoins — booms just don’t last forever.</p>
<p>The thing is, booms are just one part of a cycle, so they will always end at some point.</p>
<p>Every boom sets us up for the next downturn, just as every flat period provides opportunities to get set for the next upturn.</p>
<p>The trick is to be prepared for the downturn when it comes and be ready to make the most of softer market conditions.</p>
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<h2><a href="https://wealthretreat.com.au/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Wealth-retreat2019_268x243-mina.jpg" alt="Wealth Retreat 2017 - General 2" title="Wealth Retreat 2017 - General 2" /></a>2. Stick to your strategy</h2>
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<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Don’t change your long term strategy because of short term factors.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Look for what’s always worked, rather than what’s working now.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Long term wealth will be created by capital growth of your property portfolio.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Sure, cash flow is important – it will keep you in the game.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">But it’s capital growth that will get you out of the rat race.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Let’s be honest, almost anyone could have made money during the recent boom years as the market covered up any mistakes.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">But as Warren Buffet says: “You only find out who is swimming naked when the tide goes out.”</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">In other words, if you’re not following a strategy that works in all market conditions you will be caught naked when the market changes.</span></p>
<h2><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">3. Get rich quick = get poor quick</span></h2>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Successful property investment takes time.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Be wary because there’s a new breed of spruiker out there looking to lure the uneducated into parting with their money by offering them a short cut to riches.</span></p>
<h2><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}"><img class="alignright size-medium wp-image-123259 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/10/LONG-TERM-PERSPECTIVE-300x191.jpg" alt="Businessman Touching A Chart Indicating Growth" width="300" height="191" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/10/LONG-TERM-PERSPECTIVE-300x191.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/10/LONG-TERM-PERSPECTIVE.jpg 700w" sizes="(max-width: 300px) 100vw, 300px" />4. Take a long-term perspective</span></h2>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">During a market downturn, fear starts to rear its head.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">People who have made poor investment decisions, or those who bought near the market peak, start to panic.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Let’s face it: emotions of any kind are not a good idea when investing.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">The secret is to keep your eye on the long term horizon and not worry about any short-term vagaries of the market, because they will pass.</span></p>
<h2><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">5. Property investment is a game of finance with some houses thrown in the middle</span></h2>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Strategic investors don’t only buy real estate — they buy themselves time by having the correct finance structures in place including cash flow buffers to ride through the cycle.</span></p>
<h2><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">6. Invest in locations with a future, not a past</span></h2>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Since the bulk of your property’s performance will be determined by its location, rather than looking for somewhere cheap to buy, find a location where local economic growth will lead to jobs growth, wages growth and population growth.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}"><img class="alignright size-medium wp-image-115086 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/DESIRABLE-LOCATION-300x200-300x200.jpg" alt="Desirable Location 300x200" width="300" height="200" />A suburb where the local demographic can afford to and will be willing to pay for their properties because they earn high disposable incomes.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">You’ll find that the rollercoaster ride will not be as dramatic in these well researched locations.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Last time round many of the boom time hotspots which did not have underlying economic strength left investors gasping for air during the downturn.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Yet those who bought in locations based on economic fundamentals and research may not have had as dramatic of an upswing during the boom, but their downside was minimised during the downturn.</span></p>
<h2><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">7. You know less than you think you know</span></h2>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">A healthy ego can be a good signal of future success.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">However, an over-inflated one will usually mean you end up worse off than when you started.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">If you’re the smartest person in your team you’re in trouble, so recognise that mentors and experts can help teach you the things that you don’t even know that you don’t know.</span></p>
<h2><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">8. Don’t mistake money for wealth</span></h2>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">A big bank balance means someone’s rich, right?</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}"><img class="alignright size-medium wp-image-117443 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/rich-happy-300x227.jpg" alt="Rich Happy Venn Diagram Success Goal Of Wealth" width="300" height="227" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/rich-happy-300x227.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/rich-happy-768x581.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/rich-happy-1024x774.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/rich-happy-1160x877.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" />Well, no, it doesn’t.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Many high income earners live from one pay to another — and never have enough money “left over” to invest in income-producing assets.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">The truly wealthy not only have a capital growth portfolio behind them, they have learned that money is not wealth.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">That’s why they make time for their family and their health, and they give back to society and to their local communities, because that is where true happiness lies.</span></p>
<h2><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">9. The sky isn’t falling</span></h2>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">When the good times seemingly turn bad the property pessimists and doomsayers come to the fore.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">These “commentators” predict the end of the financial world suggesting we should all sell up and hide under a rock.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">On the other hand, sophisticated investors ignore the white noise because they are concentrating on the long-term, where the view is calm and clear.</span></p>
<h2><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}"><img class="alignright size-medium wp-image-123260 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/10/Opportunity-300x200.jpg" alt="Opportunity" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/10/Opportunity-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/10/Opportunity-768x512.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/10/Opportunity.jpg 854w" sizes="(max-width: 300px) 100vw, 300px" />10. Opportunity is knocking</span></h2>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">When opportunity arises, strike.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Remember Warren Buffet’s words: <em>“Be fearful when others are greedy and greedy when others are fearful.”</em></span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Sure it’s difficult to take action when others around you are talking doom and gloom, but it is during downturns that life time wealth is made.</span></p>
<h2><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">The Bottom Line:</span></h2>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Strategic investors don’t really care too much about market phases.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Instead they concentrate on growing their portfolios and investing in the right type of properties, whenever it suits their finance, their strategy and their long-term goals.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">That way, when everyone else has hunkered down for the “property winter”, they’re basking in the sunlight of their future wealth creation.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">When there is less demand for something, there is less competition, which should mean lower prices. <img class="alignright size-medium wp-image-120603 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/09/property-investor-300x205.jpg" alt="Property Investor" width="300" height="205" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/09/property-investor-300x205.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/09/property-investor.jpg 577w" sizes="(max-width: 300px) 100vw, 300px" /></span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">While investment grade properties will always attract demand, sometimes when the majority of the market is fearful, you can buy below intrinsic value.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Then, because your property is located in an area that has above average long-term capital growth prospects, and you can add value through renovation, that property will soon be worth much more than you paid… regardless of the market conditions.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}"><strong>If you’re looking for independent advice, to set yourself up for financial freedom through property, no one can help you quite like the independent property investment strategists at <a href="https://metropole.com.au/" target="_blank" rel="noopener noreferrer">Metropole</a>.</strong></span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Remember the multi award winning team of property investment strategists at <a href="https://metropole.com.au/" target="_blank" rel="noopener noreferrer">Metropole</a> have no properties to sell, so their advice is unbiased.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Whether you are a beginner or a seasoned property investor, we would love to help you formulate an investment strategy or do a review of your existing portfolio, and help you take your property investment to the next level.</span></p>
<p><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}">Please <a href="https://metropole.com.au/investor-enquiry-form/" target="_blank" rel="noopener noreferrer">click here</a> to organise a time for a chat. Or call us on <strong>1300 20 30 30.</strong></span></p>
<div class="a-single a-102"><span data-sheets-value="{"1":2,"2":""}" data-sheets-userformat="{"2":513,"3":[null,0],"12":0}"><a href="https://wealthretreat.com.au/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/together_Wealth-retreat2019-mina.jpg" alt="wealth-retreat_hor" title="" /></a></span></div>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com1tag:blogger.com,1999:blog-4527113934630320275.post-84989914687430384262019-04-23T23:08:00.001-07:002019-04-23T23:08:09.306-07:00What really leads to success? [video]<p><strong>What leads some people to be so more successful than others?</strong></p>
<p>Ten years of research and 500 face-to-face-interviews led <a href="http://www.richardstjohn.com/" target="_blank" rel="noopener noreferrer">Richard St. John</a> to a collection of 8 common traits in successful leaders around the world.</p>
<p><strong>In this short, humorous but insightful TED Talk he explains his findings:</strong></p>
<div class="youtube-embed" itemprop="video" itemscope="" itemtype="https://schema.org/VideoObject"><iframe style="border: 0;" class="youtube-player" width="610" height="343" src="https://www.youtube.com/embed/NOl0v54DaXo?amp;modestbranding=1&fs=0&rel=0&wmode=opaque"></iframe></div>
<div class="a-single a-48"><a href="http://richhabitspoorhabits.com/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/adrotate-banner_48.jpg" alt="RHPH-ad-horizontal" title="RHPH-ad-horizontal" /></a></div>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-74475487985666147942019-04-23T22:04:00.001-07:002019-04-23T22:04:07.908-07:00Quotes by Steve Jobs that will change the way you work<p><strong>When you think about what Steve Jobs accomplished, is beyond remarkable.</strong></p>
<p>He changed the way we live.</p>
<p>To help you reach your career goals, we have put together some of his best quotes.</p>
<h2>Read them, be inspired by them, and then get out there and make your dreams come true:</h2>
<p>1. Have the courage to follow your heart and intuition. They somehow know what you truly want to become. Steve Jobs</p>
<p>2. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it. Steve Jobs</p>
<p>3. I think if you do something and it turns out pretty good, then you should go do something else wonderful, not dwell on it for too long. Just figure out what’s next. Steve Jobs</p>
<p><img class="aligncenter size-large wp-image-91975 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-96-1024x512.png" alt="Pablo (96)" width="1024" height="512" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-96.png 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-96-300x150.png 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-96-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>5. That’s been one of my mantras—focus and simplicity. Simple can be harder than complex; you have to work hard to get your thinking clean to make it simple. Steve Jobs</p>
<p>6. Quality is more important than quantity. One home run is much better than two doubles. Steve Jobs</p>
<p>7. Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful…that’s what matters to me. Steve Jobs</p>
<p><img class="aligncenter size-large wp-image-91976 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-97-1024x512.png" alt="Pablo (97)" width="1024" height="512" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-97.png 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-97-300x150.png 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-97-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>9. Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma—which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. Steve Jobs</p>
<p>10.We’re just enthusiastic about what we do. Steve Jobs</p>
<p>11. You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something—your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life. Steve Jobs</p>
<p><img class="aligncenter size-large wp-image-91977 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-98-1024x512.png" alt="Pablo (98)" width="1024" height="512" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-98.png 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-98-300x150.png 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-98-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>13. For the past 33 years, I have looked in the mirror every morning and asked myself: ‘If today were the last day of my life, would I want to do what I am about to do today?’ And whenever the answer has been ‘No’ for too many days in a row, I know I need to change something.</p>
<p>14. I’m convinced that about half of what separates successful entrepreneurs from the non-successful ones is pure perseverance.</p>
<p>15. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.</p>
<p><img class="aligncenter size-large wp-image-91979 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-100-1024x512.png" alt="Pablo (100)" width="1024" height="512" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-100.png 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-100-300x150.png 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-100-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>18. I’m as proud of many of the things we haven’t done as the things we have done. Innovation is saying no to a thousand things.</p>
<h2>BONUS QUOTE:</h2>
<p><img class="aligncenter size-large wp-image-91978 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-99-1024x512.png" alt="Pablo (99)" width="1024" height="512" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-99.png 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-99-300x150.png 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-99-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<div class="a-single a-102"><a href="https://wealthretreat.com.au/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/together_Wealth-retreat2019-mina.jpg" alt="wealth-retreat_hor" title="" /></a></div>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-23860074312433351972019-04-23T19:33:00.001-07:002019-04-23T19:33:15.887-07:00How much does a view add to the value of your property?<p><strong>How much does a view add to the value of your property?</strong></p>
<p>To find out we undertook a study in 2018 to help provide us with some guidelines and found that certain types of view added a different value to a property.</p>
<p>Our work identified the different views available and then we looked at how much they can increase a dwelling’s value.</p>
<p>Our investigation was also based on an identical new dwelling built in the same area (but with differing views) with a base price of $500,000.</p>
<p><strong>The five major view types: </strong></p>
<h4>1. Ground level, unobstructed view (3% to 5%). <strong><img class="alignright wp-image-76117 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/44439427_l-300x200.jpg" alt="apartment" width="269" height="179" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/44439427_l-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/44439427_l-768x512.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/44439427_l-1024x683.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/44439427_l-1160x773.jpg 1160w" sizes="(max-width: 269px) 100vw, 269px" /></strong></h4>
<p>This type of view means that you are located at the same level as many of the other properties around you, but you have the advantage of having a view that allows you to see a large, non-residential space, like open space.</p>
<p>Such a view increases a properties sale price by between 3% and 5% and the new sale price could be as high as $525,000.</p>
<h4>2. Rooftop, partially obstructed view (6% to 8%).</h4>
<p>A view from above would suggest that you can almost see over all of the other properties around you but there may be a few buildings that partially obstruct your view.</p>
<p>Generally, the higher you are, the more value a view can bring to your home, so a rooftop’s partially obstructed view can bring in an additional 6% to 8%, lifting the potential sales price to $540,000.</p>
<h4>3. Unobstructed view from a medium elevation (9% to 12%).</h4>
<p>This category is primarily reserved for homes that reside on the top of a small hill.</p>
<div class="g g-17">
<div class="g-single a-6"><a href="https://investor.metropole.com.au/investor-enquiry/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/02/adrotate-group_17.jpg" alt="1-percent" title="1-percent" /></a></div>
</div>
<p>This particular view can see areas all around a home without any obstructions but aren’t high enough to see far beyond the house’s small community.</p>
<p>Having an open area will always command more money than if you can only see a few houses down, so this type of view has the potential to add between 9% and 12% to the value of your home, so the new sale price might be $560,000.</p>
<h4>4. Unobstructed view from high elevation (15% to 25%).</h4>
<p>Doing much better than the previous view, being able to see a wide vista from the comfort of your own home can add significant value to it.</p>
<p>Our estimates here have a wide range because much depends on what you see.</p>
<p>Still, the value of the real estate can increase substantially, with the new sale price as high as $625,000.</p>
<h4>5. Unobstructed water view (30% to 80%). <img class="alignright wp-image-128381 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/Neutral-Bay-300x198.jpg" alt="Neutral Bay" width="259" height="171" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/Neutral-Bay-300x198.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/Neutral-Bay-1047x692.jpg 1047w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/Neutral-Bay-1160x767.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/Neutral-Bay.jpg 1386w" sizes="(max-width: 259px) 100vw, 259px" /></h4>
<p>The biggest attraction of a view continues to be a large body of water, with the higher premiums being given to salt water.</p>
<p>Also, at the upper end of the premium range the water view needs to be unobstructed and the more rooms it can be seen from, the better.</p>
<p>Depending on the body of water, the residence can increase in value up to 80%.</p>
<p>This would mean that our $500,000 base house has a potential price tag of $900,000.</p>
<h2>In summary…</h2>
<p>Pricing a view is certainly not an exact science but as more and more properties are constructed in an area, the chances of finding a great view are becoming increasingly difficult.</p>
<p>Hence, properties with a view command a range of premiums now and these bonuses are likely to rise further in the future.</p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-59968171010067925002019-04-23T17:38:00.001-07:002019-04-23T17:38:35.119-07:00The caterpillar and the butterfly<p><strong>One of my children’s</strong> <strong>favourite</strong> <strong>stories was the Very Hungry Caterpillar.</strong></p>
<p><img class="alignright size-medium wp-image-132089 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/kids-254x300.jpg" alt="Kids" width="254" height="300" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/kids-254x300.jpg 254w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/kids.jpg 469w" sizes="(max-width: 254px) 100vw, 254px" />No matter how many times they heard the ending; there were always gasps of amazement when the caterpillar changed into a beautiful butterfly.</p>
<p>What seemed like a miracle to them is actually a normal part of the life cycle of many insects, but it took me a long time to realise that this is also how the property market often behaves.</p>
<p>Many cities such as Sydney and Melbourne are like a very hungry caterpillars, right now.</p>
<p>They devour their way through our funds, leaving us negatively geared with prices stagnant or falling.</p>
<p>We call these buyer markets, where vendors are competing against each other and purchasers are scarce.</p>
<p>But like the butterfly triumphantly emerging from its cocoon, these markets will suddenly turn into things of beauty with booming prices and soaring rental yields.</p>
<p><img class="alignright size-medium wp-image-132091 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/caterpillar-butterfly-in-city-300x173.jpg" alt="Caterpillar Butterfly In City" width="300" height="173" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/caterpillar-butterfly-in-city-300x173.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/caterpillar-butterfly-in-city.jpg 853w" sizes="(max-width: 300px) 100vw, 300px" />They may appear to be changeless like a caterpillar’s cocoon, but hidden from view, the housing market stats are telling us that Sydney, Melbourne and Brisbane, in particular are generating steadily rising numbers of potential buyers and reducing stocks of new properties.</p>
<p>With these trends, demand will soar ahead of supply and housing prices will take off, just like a butterfly triumphantly taking flight.</p>
<div class="a-single a-28"><a href="https://guidetogettingrich.com/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/adrotate-banner_28.jpg" alt="ad_GtGR" title="ad_GtGR" /></a></div>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-58049945242253637192019-04-23T15:13:00.001-07:002019-04-23T15:13:29.375-07:00The success “secrets” of some of the wealthiest people I know<p><strong>I don’t use the word “secrets” very often.</strong></p>
<p>But over the years I’ve found that the wealthiest people around think, feel and do things that most people don’t know about.</p>
<p>I guess this means if you want have the life very few people have, then you’re going to need to think and do what only very few people do.</p>
<p>And so they are “secrets.”</p>
<p>Today I’d like to share 6 of them based on my 20 years working with many successful investors and particularly working with the successful business people, entrepreneurs and investors who join me at Wealth Retreat on the Gold Coast each year in June:</p>
<h2>Secret #1: They don’t really care what others think.</h2>
<p>Now this is a core insight.</p>
<p>How many times have you had a breakthrough idea that would 10x your own life in the process, but given up on it the moment someone in your inner circle shot it down.</p>
<p>You can’t get ahead and make breakthroughs in your life, in your business or with your investments by doing what everyone else does.</p>
<p>I came across an interesting concept….<strong><em>this world was constructed by eccentrics and misfits. <img class="alignright size-medium wp-image-126955 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/get-rich-300x200.jpg" alt="Get Rich" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/get-rich-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/get-rich-1038x692.jpg 1038w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/get-rich-1160x773.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></em></strong></p>
<p>I know that’s a bit confronting. but in his great book Zero To One, author Peter Thiel notes many of the Silicon Valley greats have <em>Asperger’s Syndrome,</em> which is on the autism spectrum.</p>
<p>He explains that these people are wired with no need to fit in. And this became their advantage.</p>
<p>Which meant they dreamed up grand visions and got them done, denying the chattering voices of the naysayers around them.</p>
<p>No I’m not suggesting you need to be on the “spectrum” to be successful. Far from it!</p>
<p>What I am saying is trust your gut. Block out those who don’t “get you.” Go ahead and chase your dreams.</p>
<p>And when you do…you’ll be considered a genius at the end.</p>
<p>And if you’re one of the 50 who will join me at <a href="http://wealthretreat.com.au">Wealth Retreat</a> on the Gold Coast this June you’ll go home with a 5 year plan for audacious goals in all aspects of your life plus a tool box full of tools so you’ll be able to fulfil your dreams.</p>
<h2>Secret #2: Emotions power wealth.</h2>
<p>Look, a big heart always beats cold logic.</p>
<p>I’m not saying you don’t have to have the bravery of a warrior to win at your goals. <img class="alignright size-medium wp-image-117442 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/successs-rich-money-300x180.jpg" alt="Money Power" width="300" height="180" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/successs-rich-money-300x180.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/successs-rich-money-768x461.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/successs-rich-money-1024x614.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/successs-rich-money-1160x696.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>All I’m saying is that the most successful people who join us at <a href="http://wealthretreat.com.au">Wealth Retreat</a> every year are driven by a cause much bigger than themselves.</p>
<p>And it came from their emotional dimension versus their intellectual realm.</p>
<p>They realise that true wealth is not measured by how much money you have or how many properties you own.</p>
<p>They know money is important in those areas of your life where it is important (like paying the bills) and it’s not at all important in those areas where it is not important.</p>
<p>At Wealth Retreat you will set 5 year goals and plans for <em>all</em> areas of you life so you can create <strong><em>Lifetime Wealth.</em></strong></p>
<p><span style="color: #000080;"><em>You can find out more about Wealth Retreat by<a style="color: #000080;" href="http://wealthretreat.com.au/" target="_blank" rel="noopener noreferrer"> clicking here</a></em></span></p>
<h2>Secret #3: Your social circle determines your net worth.</h2>
<p>You’ll never rise to financial freedom until you populate your life with bigger thinkers and better performers than you. <img class="alignright size-medium wp-image-128514 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/rich-people-celebrate1-300x161.jpg" alt="Rich People Celebrate" width="300" height="161" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/rich-people-celebrate1-300x161.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/rich-people-celebrate1.jpg 400w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>My life completely transformed when I had is one conversation with a mentor in 1998 – just over 20 years ago.</p>
<p>It was a game-changer that altered the rest of the way my life unfolded.</p>
<p>And when you join us at <a href="http://wealthretreat.com.au">Wealth Retreat on the Gold Coast in June</a> you’ll gain a whole new network of positive people who will understand you and help you leap forward.</p>
<p>One of the things that struck me on the first night at Wealth Retreat last year, when we all got together for a special surprise event (the details of which I can’t reveal here, otherwise it would spoil the surprise for the attendees) was how quickly people connected with each other.</p>
<p><i>Have you ever had that experience?</i></p>
<p>Where you meet a group of people and feel like you’ve known each other for years?</p>
<p><b>May I ask you a direct question? </b></p>
<div class="g g-47">
<div class="g-single a-51"><b><strong><a href="https://wealthretreat.com.au/" target="_blank" rel="noopener noreferrer"><img class="alignright img-responsive" title="Wealth Retreat 2018 - Pete Wargent" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/PeteW_Wealth-retreat2019_268x243a.jpg" alt="Wealth Retreat 2018 - Pete Wargent" /></a></strong></b></div>
</div>
<p>It’s going to be a bit blunt, but I’m not sure how to “finesse” it so here goes:</p>
<ul>
<li>Will your current peer group empower you to reach your deepest dreams goals and your life’s purpose?</li>
<li>Will they hold you accountable to a high enough standard or will they let you slip back into your old comfort zone?</li>
<li>Will they feed your ideas and give you input to help you overcome challenges you face along the way?</li>
<li>Will they support you when you’re having a tough moment?</li>
<li>Do they inspire you to keep performing at your highest and best capabilities?</li>
</ul>
<p>If not, what are you doing about changing that?</p>
<p>It’s ultimately up to you to find and create the peer group that will help you live the life you want to live.</p>
<h2>Secret #4: Your net worth never exceeds your self worth.</h2>
<p>Getting your internal foundation right is what the successful people I work with make one of their top priorities.</p>
<p>As one of my mentors, late great Jim Rohn said: <em>“Income rarely exceeds personal development.”</em></p>
<p>Without building up an undefeatable mindset, installing a massively fit physical life and releasing the toxic waste of anger and sorrow from your emotional core, how can you possibly walk out into the world and do amazing things?</p>
<p>The world really is a mirror, giving us not what we want but who we are.</p>
<p>That’s one of the reasons I’ve invited my good friend Tom Corely form the USA to join us at Wealth Retreat.</p>
<p>He’ll share the findings of his 3 year Rich Habits study of self made millionaires – boy was this a game changer for attendees last year</p>
<h2>Secret #5: The moment you become successful you’re in a very dangerous place.</h2>
<p>Few things fail as well as success does.</p>
<p>On the other hand – I’m a real success at failure. <img class="alignright size-medium wp-image-109151 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/success-300x220.jpg" alt="Success" width="300" height="220" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/success-300x220.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/success-768x563.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/success-1024x750.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/success-1160x850.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/success-375x275.jpg 375w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/success.jpg 1374w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>I’ve had more than my share of failures, many of them self inflicted, but each time I got up and tried again.</p>
<p>What I’m trying to say is that it’s so easy to arrive at the summit and then begin to stop doing the very things that got you there.</p>
<p>Oh, and the real trap is getting it right first time or being lucky and carried away by a property boom – the trouble is you think you’re smarter than you are!</p>
<p>I’ve found that masters never think like masters.</p>
<p>The reason they stay as masters is because they think like beginners.</p>
<p>If you’re not as successful today as you’d like to be, my question to you is…</p>
<p><b class="bard-text-block style-scope">“Where will YOU be in 5 years”</b> – in all areas of your life?</p>
<p>Not just money, business, career and investments – but in all areas of your life?</p>
<p class="bard-text-block style-scope">Once you lay out your plans at Wealth Retreat (and we’ll help you gain clarity in the first 2 days), the expert faculty and I will give you all the tools, training, and support you need to:</p>
<ul class="bard-text-block style-scope">
<li>Gain deep insight and clarity into your life purpose</li>
<li>Design a life that gives you deep joy and fulfilment</li>
<li>Create a step-by-step blueprint to make your most ambitious dreams a reality</li>
<li>Identify and overcome the deep blocks that are holding you back from showing up as your best self</li>
</ul>
<p class="bard-text-block style-scope">And we’ll be doing this life-changing work in a lovely environment on the Gold Coast in June this year!</p>
<p class="bard-text-block style-scope">But don’t count yourself out from coming…</p>
<p class="bard-text-block style-scope">While in general the attendees at Wealth Retreat are already successful business people, entrepreneurs and investors, every year a group of aspiring investors and entrepreneurs joins us and get the type of information that propels them ahead of the pack – the type of information I would have loved to have when I started out.</p>
<p class="bard-text-block style-scope">You can <a class="bard-text-block style-scope" title="https://is-tracking-link-api-prod.appspot.com/api/v1/click/5864230006816768/6077737492021248" href="https://is-tracking-link-api-prod.appspot.com/api/v1/click/5864230006816768/6077737492021248" target="_blank" rel="noopener noreferrer">learn more and register your interest here</a>. or call Jo Fitt on 03 9591 8888 or email her – jfitt@metropole.com.au and she’ll answer all your questions.</p>
<h2>Secret #6 The key to real wealth is gratitude</h2>
<p>Gratitude, or appreciation for the good things that happen in life, is an essential part of building happiness.</p>
<p>When you’re going through a tough time it can be hard to remember to be grateful for the good things, but if you just look around you’ll find there is a stack of things you should be grateful for.</p>
<p>Things like:</p>
<ul>
<li>You’re living in a great country at the best time in history</li>
<li>Your family and friends</li>
<li>Maybe it’s the job you have, the income you have, the relationships you have</li>
</ul>
<h2>I really hope this blog <strong>has</strong> been helpful.</h2>
<p>And if you’re the kind of person who wants to exponentially raise your game and results and your life…</p>
<p>And if you are really ready to make vast improvements in your prosperity, positivity, productivity, performance, lifestyle and contribution to the people of our world, there is such a valuable opportunity I’d like to share with you.</p>
<p>By now you would have heard about my flagship event, <a href="http://wealthretreat.com.au">Wealth Retreat</a></p>
<p>I only do it once a year (and have done so since 2006.) <img class="alignright size-medium wp-image-128460 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/seminar-300x200.jpg" alt="Seminar" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/seminar-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/seminar.jpg 600w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>It’s exclusive (only around 50 attendees plus the faculty attend) – but <em><strong>please don’t count yourself out.</strong></em></p>
<p>It takes place over 5 days (but it’s a long weekend so you can’t really use work as an excuse.)</p>
<p>I bring along an amazing faculty of investment, tax, business, finance, property, share trading, economic and psychology of success experts.</p>
<p>And each year I’m amazed how the delegates in the room are many of the smartest, most successful, most decent, most giving and awesome humans I’ve ever met.</p>
<p>Those fortunate enough to join us at Wealth Retreat leave:</p>
<ul>
<li>Knowing the insights, habits, techniques, hacks and ways of doing what only the top 1% of people in Australia know.</li>
<li>With new friends and the deep relationships with the kind of people they always wished they knew. People who inspire them to transform and show them models of possibility they never knew existed.</li>
<li>With a fire in their belly and a newfound mindset that translates into the finest investment, business, personal, social and fitness results they have ever experienced in their lives.</li>
</ul>
<p>Like anything ultra-valuable, this annual 5 day event with me is not for everyone and isn’t inexpensive.</p>
<p>But every year over 20% of the delegates are return attendees ready to move up to the next level.</p>
<p><strong>THE VERY GOOD NEWS:</strong></p>
<p>This year my faculty includes:</p>
<ul>
<li>Me <img class="alignright size-medium wp-image-93196 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/09/Mentor-300x200.jpg" alt="Business Coach." width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/09/Mentor-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/09/Mentor.jpg 500w" sizes="(max-width: 300px) 100vw, 300px" /></li>
<li><a href="https://propertyupdate.com.au/author/andrew-wilson/">Dr. Andrew Wilson</a>, Australia’s leading property economist.</li>
<li><a href="https://propertyupdate.com.au/author/tom-corley/">Tom Corley</a>, a CPA and bestselling author and speaker who spent 5 years studying why rich keep getting richer. He’s flying out to join us from the USA and last year was one of the highlights of the event. People gave Tom a standing ovation</li>
<li><a href="https://propertyupdate.com.au/author/pwargent/">Pete Wargent,</a> economic commentator and a chartered accountant who achieved financial freedom at the age of 33.</li>
<li><a href="https://metropole.com.au/wealth-advisory-service/">Ken Raiss </a> – director of Metropole Wealth Advisory, who’ll speak on tax, structuring, risk and asset protection for serious investors</li>
<li><a href="https://propertyupdate.com.au/author/mark-creedon/">Mark Creedon</a> – business coach to some of Australia’s most successful entrepreneurs –including me and the team at Metropole. Last year he delivered one of the most highly prized presentations, so we’re extending his sessions and there will be special breakout sessions for business people.</li>
<li><a href="http://tradinggame.com.au/">Louise Bedford</a> – a successful share trader and educator. Her presentations was eye opening for many attendees last year</li>
<li>Andrew Mirams – finance strategists</li>
<li>Plus a swag of property experts</li>
</ul>
<p>So…</p>
<p>If you want to join the others who are returning or the new attendees and you still want to take advantage of the early bird pricing you can <a href="https://wealthretreat.com.au/#express-your-interest">express your interest by clicking here</a></p>
<p>I know that after past attendees have found that it costs more not to be at this event and miss all the learning than to invest in their seat. many wished they had not put off their decision to join us.</p>
<p>So definitely trust your gut – if this feels right to you and reserve your place before it’s too late <a href="https://wealthretreat.com.au/#express-your-interest">right here</a></p>
<p>I can’t wait to meet you at Wealth Retreat 2019 and hang out with you and my world-class faculty for 5 of the greatest days of your life.</p>
<p><a href="http://wealthretreat.com.au"><img class="aligncenter size-full wp-image-131787 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Wealth-retreat2019-min.jpg" alt="Wealth Retreat2019 Min" width="800" height="261" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Wealth-retreat2019-min.jpg 800w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Wealth-retreat2019-min-300x98.jpg 300w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-75880345572919375422019-04-23T12:08:00.001-07:002019-04-23T12:08:39.881-07:00The Best Areas of Nottingham to Invest in Buy-to-LetNottingham is a centre for high-tech industry and a bellwether for the UK economy, yet is also one of the cheapest cities in the UK. In terms of yield, Nottingham is also one of the most attractive areas of the UK for buy-to-let investment.
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-43922128485868952292019-04-23T01:13:00.001-07:002019-04-23T01:13:18.191-07:00Is the media creating the current property downturn? | PROPERTY INSIDERS [VIDEO]<p><strong>We’re suffering a crisis of confidence and in my mind the media has a lot to answer for.</strong></p>
<p>Is the media reporting consumer sentiment or is the media’s negative sentiment creating a crisis of confidence in property?<img class="alignright size-medium wp-image-56442 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/news-bad-economy-300x170.jpg" alt="news bad economy" width="300" height="170" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/news-bad-economy-300x170.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/news-bad-economy-1024x582.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/news-bad-economy-1160x659.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/news-bad-economy.jpg 1504w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>You can’t buy a paper or go on line without a headline warning us that property Armageddon is around the corner.</p>
<p>Sure, there’s a credit squeeze, but the average consumer has lost their confidence because of the media.</p>
<p>And the media keeps looking for experts chasing a headline.</p>
<p>Watch this week’s Property Insider video as Dr. Andrew Wilson chief economist at <a href="https://myhousingmarket.com.au/">My Housing Market</a> and I discuss this.</p>
<p><iframe src="https://www.youtube.com/embed/4E5PDKshLMw" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<h2>Watch us discuss:</h2>
<ul>
<li>While the fundamentals are relatively easy to quantify and examine – consumer behaviour is the X factor – hard to predict <a href="http://wealthretreat.com.au"><img class="alignright size-full wp-image-131593 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/MichaelY_Wealth-retreat2019_268x2431.jpg" alt="Michaely Wealth Retreat2019 268x243" width="268" height="243" /></a></li>
<li>Worse with the 24/7 news cycle</li>
<li>Why the media loves <strong>hotspotting</strong> – it’s a bit like stock picking</li>
<li>The market turned around last year after that famous <strong>60 Minutes program</strong> in October last year. Martin North gave 4 scenarios but they honed in on the worst scenario</li>
<li>Many of those who make predictions <strong>don’t have skin in the game</strong> – or come from a general economic or stock market background not property</li>
<li><strong>Steven Keen</strong> got a lot of publicity
<ul>
<li>in 2008 in midst of GFC said property prices would fall 40% – lots of news coverage – prices fell 5.5% <img class="alignright wp-image-70200 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/8006135_xxl-300x212.jpg" alt="risk investment market" width="256" height="181" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/8006135_xxl-300x212.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/8006135_xxl-768x543.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/8006135_xxl-1024x724.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/8006135_xxl-1160x820.jpg 1160w" sizes="(max-width: 256px) 100vw, 256px" /></li>
<li>Had to walk 200km from Canberra to Mt Kosiosko wearing a T shirt saying: “<em>I was hopelessly wrong on home prices! Ask me how.</em></li>
<li>Said he got the timing wrong – he said prices would fall 20% in 2011 and the market boomed – but got lots of publicity</li>
</ul>
</li>
<li>Some say I’m permanently optimistic about the property markets – but that’s not correct – I’m realistic – in fact I’m pessimistic about more locations that I think will do well – only 1% of properties are investment grade. 10 million properties in Australia avoid, regional, main roads most suburbs</li>
<li><strong>Perma Bears –</strong> Doomsayers make money from their predictions
<ul>
<li><strong>Harry Dent is back</strong> again in Australia</li>
</ul>
</li>
<li><strong>Confirmation bias</strong> – you read things to confirm your preformed beliefs</li>
<li>The rabbit hole of Google – you’ll keep reading articles that confirm what you just read.</li>
</ul>
<p><a href="http://wealthretreat.com.au"><img class="aligncenter size-full wp-image-131787 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Wealth-retreat2019-min.jpg" alt="Wealth Retreat2019 Min" width="800" height="261" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Wealth-retreat2019-min.jpg 800w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Wealth-retreat2019-min-300x98.jpg 300w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p> </p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-49818678913446115992019-04-22T22:39:00.001-07:002019-04-22T22:39:41.297-07:00Your Future Should Be Bigger Than Your Past. Here’s How to Do It<p><strong>I recently got together with two of my best friends from high school, Jamie and Jason.</strong></p>
<p>We’ve been friends for over 30 years.</p>
<p>We don’t see each other as often as we’d like to because life is busy.</p>
<p><img class="alignright size-medium wp-image-125019 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/past-future-300x204.jpg" alt="Past Future" width="300" height="204" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/past-future-300x204.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/past-future-1017x692.jpg 1017w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/past-future.jpg 1024w" sizes="(max-width: 300px) 100vw, 300px" />But when we do it’s always amazing.</p>
<p>Sipping tea in the Sugarhouse neighbourhood of Salt Lake City, we found ourselves, as we often do, reminiscing about high school.</p>
<p>Sports, parties, weekend antics — you know how it goes.</p>
<p>But then, the conversation shifted from the past to the future.</p>
<p>It started simply enough, with one of us asking, “If we were having tea three years from now in this exact same place, sitting in these exact same chairs, what would need to happen for each of us to be happy with those three years?”</p>
<p>Talking about high school was great, but this was so much better.</p>
<p>You could immediately feel energy and confidence enter the room as we started scheming.</p>
<p>Turns out, we are not the first people to entertain this question. Dan Sullivan wrote an entire book about it.</p>
<p><img class="alignright size-medium wp-image-106685 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/your-future-300x220.jpg" alt="Your Future" width="300" height="220" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/your-future-300x220.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/your-future-768x563.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/your-future-1024x750.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/your-future-1160x850.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/your-future-375x275.jpg 375w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/your-future.jpg 1374w" sizes="(max-width: 300px) 100vw, 300px" />In “<a href="https://private.strategiccoach.com/store/products/126" target="_blank" rel="noopener noreferrer">The Dan Sullivan Question</a>,” he talks about designing a question to help people make their future seem bigger than their past.</p>
<p>“The moment your past becomes bigger than your future, you die,” he said, when I eventually heard him speaking on a podcast.</p>
<p>I don’t know if I would go that far, but I do think he is on to something very important.</p>
<p>For starters, how can you ever expect to be where you want to be in three years if you don’t start thinking, planning and talking about it now?</p>
<p>Is that really something we want to leave to chance?</p>
<p><strong>So let me ask you the Dan Sullivan question:</strong></p>
<p>If you and I were to meet three years from today, what would you want to have happened for you, personally and professionally, in order to consider those years a success?</p>
<p>Think about that, and please leave a comment below.</p>
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Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-11958489478420474452019-04-22T21:08:00.001-07:002019-04-22T21:08:22.803-07:006 Tips on Building Wealth Independent of Your Profession or Business<p>I’ve recently seen a few professionals and some business people who’ve left their wealth building a little too late in life. <strong><img class="alignright size-medium wp-image-100327 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/12/business-growth-300x199.jpg" alt="Business Growth" width="300" height="199" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/12/business-growth-300x199.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/12/business-growth-768x509.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/12/business-growth.jpg 999w" sizes="(max-width: 300px) 100vw, 300px" /></strong></p>
<p>They’ve come to me for advice on property investment in their 50’s (and one in his 60’s) saying they left their run late, hoping their business or practice would have provided for their old age.</p>
<p>And now they realise it won’t!</p>
<p>By the way…</p>
<p>Even if you are an <em><strong>employee or self employed, this blog will be useful for you</strong></em>, because I’d like to share 6 important tips on building wealth independent of your job, profession or business:</p>
<h2>1. Risk comes from not knowing what you’re doing, so pay the price to learn what you’re doing!</h2>
<p>Sounds obvious I know, but most business owners and many professionals I know are ego driven – that’s what makes them successful in business – but they are uniformed investors.</p>
<p>As you can imagine this is an explosive combination.</p>
<p>They tend to let their business or professional success blind them into thinking that they know more than they really do in the investment arena.</p>
<h2>2. Make sure your investment plan matches the financial stage you’re at.</h2>
<p>I see many people with a good job, or sound professional or business income invest in what they think are “cash flow” investments. <img class="alignright size-medium wp-image-69581 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/36308275_l-300x223.jpg" alt="36308275_l" width="300" height="223" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/36308275_l-300x223.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/36308275_l-768x572.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/36308275_l-1024x762.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/36308275_l-1160x863.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/36308275_l-270x200.jpg 270w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>They don’t really need more cash flow at this stage of their lives – they don’t realise cash flow won’t get them out of the rat race.</p>
<p>What they should be doing is to put their money into capital growth investments that would help them build a substantial asset base – that’s what will get them out of the rat race.</p>
<p><strong>The lesson:</strong> make sure your investments match your current financial situation, don’t just follow your old plan that got you to your current position.</p>
<p>Even if it worked brilliantly it may no longer apply to your current situation – that’s because if you have your ladder up against the wrong wall, every step will get you further from your destination.</p>
<h2>3. Concentrate your investments in fewer, better deals</h2>
<p>There is a cost to every deal, so make sure your deal is meaningful enough to merit the time, focus, and expense.</p>
<p>The wealthiest people believe in concentration of capital.</p>
<p>They become experts by doing the same thing over and over again, rather than one hundred things once.</p>
<h2>4. Invest a portion of your time and energy (at least 10 percent) to creating and executing your wealth plan</h2>
<p>Building a successful business or profession is obviously going to be a big part of that plan, but it cannot be the only leg to the plan.</p>
<p>Why? </p>
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<p><strong>Because there will be a day you may no longer have the business.</strong></p>
<p>Either you may sell the business, then you’ll need the skills of how to invest the cash from the sale to generate the passive and passive residual income you need.</p>
<p>Or the business could fail, in which case it will be even more important to have “run some of your money from the table” and have this money invested wisely in a way that ensures your financial future.</p>
<p>The same goes for professionals and employees…</p>
<p>Ken Raiss, one of the faculty members at <a href="http://wealthretreat.com.au" target="_blank" rel="noopener noreferrer">Wealth Retreat 2019</a> is my partner in <a href="https://metropole.com.au/wealth-advisory-service/" target="_blank" rel="noopener noreferrer">Metropole Wealth Advisory.</a></p>
<p>Ken’s wealth plan calls for him to build our business into a great mid-sized Financial Planning and Wealth Advisory firm, but he doesn’t stop there.</p>
<p>He also invests a portion of his time and financial resources in building his family’s investment portfolio.</p>
<p>Like Ken, if you’re a professional or own a business it’s important that you have a wealth plan bigger than just running your business or running your professional practice.</p>
<h2>5. Leverage your strengths when looking for investment opportunities</h2>
<p>There is a learning curve in mastering any investment vehicle, which is why it is so valuable to leverage the advantages you already have.</p>
<p>Do you know a specific industry and have a network of contacts that give you information advantages? <img class="alignright size-medium wp-image-93019 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/09/house-prices-300x190.jpg" alt="Businessman Standing Among Chess Pieces Looks Through Binoculars" width="300" height="190" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/09/house-prices-300x190.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/09/house-prices.jpg 500w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Of course if you are investing in publicly traded securities you can’t trade on “insider information” – that is information that is not publicly available.</p>
<p>Which is one of the reasons I like investing in property, since I not only get paid for my “insider information” but it’s totally ethical and legal to trade on this privileged information!</p>
<p>Take the example of finance strategist Evette Anderson, who has been part of the <a href="http://wealthretreat.com.au/" target="_blank" rel="noopener noreferrer">Wealth Retreat</a> faculty for a decade.</p>
<p>Apart from running a successful finance advisory business, Evette and her husband have been active and very substantial property developers for many years.</p>
<p>She can leverage her experience, her network, and her research to supercharge her returns and access some great investments.</p>
<p><strong>What are your advantages?</strong></p>
<p>What contacts, expertise, and experience do you have that you can leverage?</p>
<h2>6. You must become your own most trusted investment advisor—no one can do it all for you</h2>
<p>Too many business owners make the monumental mistake of thinking that investment success is a matter of choosing the right investment advisor to handle their wealth for them.</p>
<p>It costs them dearly! <img class="alignright size-medium wp-image-92679 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/Thinking-300x200.jpg" alt="Business Patient" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/Thinking-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/Thinking.jpg 500w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Sure you need a great team around you and you don’t need to be (in fact shouldn’t be) the smartest person in your team.</p>
<p>But no one—no one—will be able to manage your wealth like you can.</p>
<p>So while you need good advisors, you need to have the sophistication to filter and use the best of your advisors.</p>
<p>This means you’ve got to invest the time, energy, and money to master the skill of managing your own net worth.</p>
<p>I’ve watched a number of business owners spend 10 years building a multi-million business, then through dumb investment decisions they lose much or all the money they had made with their businesses.</p>
<p>If you want my specific model on how to build your business and your wealth in lock step with each other then join me at <a href="http://wealthretreat.com.au/" target="_blank" rel="noopener noreferrer">Wealth Retreat 2019</a> on the Gold Coast from June 8th (it’s the long weekend – so no excesues!)</p>
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<p>Our faculty will include my business coach (there will be lots of business people and professionals attending so we have some extra special sessions especially for them), and a swag of structuring, tax, property, finance and share investment experts.</p>
<p>That’s why I urge you to find out a bit more about Wealth Retreat 2019 by <a href="http://wealthretreat.com.au/" target="_blank" rel="noopener noreferrer">clicking here</a>, where you’ll not only learn from a top faculty of experts (not theorists) but you’ll also meet an instant new peer group of movers and shakers – a group of already very successful investors, business people and entrepreneurs and a number of others who are on the way to achieving the success they’re looking for.</p>
<p>This is very different from other seminars – and it is NOT a motivational seminar – and yes there’s follow up afterwards to ensure you take action afterwards.</p>
<p>Please get all the details by <a href="http://wealthretreat.com.au/" target="_blank" rel="noopener noreferrer">clicking here</a> or call Jo Fitt 03 9591 8888 or email her <a href="mailto:jfitt@metropole.com.au" target="_blank" rel="noopener noreferrer">jfitt@metropole.com.au</a> and express your interest.</p>
<p><strong>And I chat with everyone who would is keen to attend to make sure it is suitable for you.</strong></p>
<h2>So who else will be there?</h2>
<p>When you chose to join us at Wealth Retreat this year who will your new peer group be?</p>
<p><b><i>Firstly</i></b><b> this year it looks like around 20% of the attendees have been before.</b></p>
<p>Some are coming for the second, third or fourth time.</p>
<p><img class="size-full wp-image-30365 alignright img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2014/08/team.jpg" alt="team puzzle help build" width="284" height="177" />You may ask why do they come back if they are successful. I could say they are successful because they come back.</p>
<p><b>The <i>second group</i> of attendees are high net worth individua</b><strong>ls, property investors and business owners</strong>.</p>
<p>They come to grow and nurture their property portfolios by updating their Wealth Plans – you’ll walk out of Wealth Retreat with a <strong>structured plan to create Lifetime Wealth and Leave a Legacy.</strong></p>
<p>The the bulk of attendees are <b>experienced property investors</b> with between 2 and 10 properties, who are looking to expand their network and super-size their investing and learn skills and techniques that they would not find elsewhere to enable them to build a property investment business.</p>
<p>Wealth Retreat works so well because each of these groups of people adds something essential to the mix.</p>
<p><em><strong>But don’t count yourself out!</strong></em></p>
<p>Every year a few well read beginners join us at Wealth Retreat to shortcut their financial journey by developing an instant peer group of successful people.</p>
<p>This year we will be having special sessions at Wealth Retreat to assist investors with their biggest challenges including finance and empowering them with proven techniques for our changing markets.</p>
<p>Many of the attendees want to learn how to step out of the world of being paid by the hour and into the world of building their own property investment business.</p>
<p>In fact I can think of many past graduates of Wealth Retreat who left their jobs to pursue their passions.</p>
<p>If this interests you register your interest on line by <a title="Wealth Retreat" href="http://wealthretreat.com.au/" target="_blank" rel="noopener noreferrer">clicking here</a>, or better still email or call Jo Fitt now on <b>03 9591 8888,</b> <a href="mailto:jfitt@metropole.com.au" target="_blank" rel="noopener noreferrer">jfitt@metropole.com.au</a> to find out more.</p>
<p><strong>BY THE WAY…</strong></p>
<p>When I observe the most successful participants from Wealth Retreat over time I notice that those people who have “made it” financially all have moved to a place that the money isn’t what motivates them. <img class="alignright size-medium wp-image-53374 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/09/expert-leader-chess-game-strategy-business-win-success-lose-think-mind-psychology-300x183.jpg" alt="expert leader" width="300" height="183" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/09/expert-leader-chess-game-strategy-business-win-success-lose-think-mind-psychology-300x183.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/09/expert-leader-chess-game-strategy-business-win-success-lose-think-mind-psychology-1024x627.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/09/expert-leader-chess-game-strategy-business-win-success-lose-think-mind-psychology-1160x710.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Sure they enjoy the money, but it is not their main driver.</p>
<p>Let me explain… money is a sufficiency need.</p>
<p>Once you have enough of it, it ceases to be important.</p>
<p>So what is it beyond the money that pushes and prods and sparks and motivates you to perform at your best and to build and dream and dare?</p>
<p>Maybe you’ll need to come to <a href="http://wealthretreat.com.au/" target="_blank" rel="noopener noreferrer">Wealth Retreat</a> and find out how to pursue your passion.</p>
<p>Please register your interest on line by <a title="Wealth Retreat" href="http://wealthretreat.com.au/" target="_blank" rel="noopener noreferrer">clicking here</a>, or better still email or call Jo Fitt now on <b>03 9591 8888,</b> <a href="mailto:jfitt@metropole.com.au" target="_blank" rel="noopener noreferrer">jfitt@metropole.com.au</a> to find out more. If you’re interested in coming I’d love to chat with you personally to see if it would be worth your while.</p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-31211711975324603882019-04-22T20:38:00.001-07:002019-04-22T20:38:11.244-07:004 ways you could be sabotaging your borrowing capacity<p><strong>To sabotage means to deliberately destroy, damage or obstruct something.</strong></p>
<p>No one wants to do that when it comes to their finances, do they?</p>
<p>But the reality is that many people do without even realising it. <img class="alignright size-medium wp-image-75990 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/37177045_l-300x203.jpg" alt="money savings" width="300" height="203" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/37177045_l-300x203.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/37177045_l-768x519.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/37177045_l-1024x692.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/11/37177045_l-1160x784.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>How do they do that?</p>
<p><strong>For starters, they have too much bad debt when they’re applying to borrow good debt.</strong></p>
<p>What’s the difference between the two?</p>
<p>Good debt will help increase your wealth, such as borrowing to <a href="https://metropole.com.au/property-investment-australia/">invest in property</a> or to buy income-producing assets.</p>
<p>Bad debt will just make you poor plain and simple.</p>
<p>Regardless of the state of the lending landscape, you should always put your best financial foot forward when <a href="https://propertyupdate.com.au/how-do-the-banks-assess-your-application-part-1/">applying for a loan.</a></p>
<p><strong>So here are 4 ways that you could be sabotaging your borrowing capacity without realising:</strong></p>
<h4>1. Having too many credit cards with high limits</h4>
<p>Don’t get me wrong: there is nothing wrong with having credit cards – as long as you pay them off in full every month. </p>
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<p>Because, when it comes down to it, why not use someone’s money instead of your own?</p>
<p>The <a href="https://propertyupdate.com.au/caveat-emptor-let-the-buyer-beware/">caveat being</a> that you <strong>must</strong> pay off the balance in entirety every month.</p>
<p>If you can’t afford to do that, you can’t afford to have credit cards.</p>
<p><strong>But there’s more to it than that…</strong></p>
<p>When lenders <a href="https://propertyupdate.com.au/bank-lend-money-michael-yardney/">assess your home loan applications</a> they will take into consideration your credit card limits.</p>
<p>That’s right, the limits. Not the balances.</p>
<p>So if you have three cards with combined credit limits of $20,000 that can have a hugely negative impact on your borrowing capacity.</p>
<p>Consider how much credit you really need – $5,000 is ample for most people – and reduce the number and limits of credit cards to see your borrowing power soar overnight.</p>
<h4>2. Personal loan purgatory</h4>
<p>For most people personal loans are bad. <img class="alignright size-medium wp-image-80372 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/01/business-money-pink-coins21-1-300x226.jpg" alt="business-money-pink-coins21-1" width="300" height="226" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/01/business-money-pink-coins21-1-300x226.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/01/business-money-pink-coins21-1.jpg 400w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>They attract high interest rates and are generally used for things that depreciate in value – like a new car or the latest TV.</p>
<p>Too many personal loans will also significantly impact your borrowing power and here’s why…</p>
<p><strong>When lenders see that you have a “thing” for personal loans, it makes them think that:</strong></p>
<ul>
<li>You can’t save.</li>
<li>You live beyond your means.</li>
<li>You use personal loans to pay down other bad debt like credit cards.</li>
</ul>
<p>If you have personal loans, get rid of them fast!</p>
<h4>3. Tardy bill payer</h4>
<p>No one’s perfect so we can all forget our bills from time to time.</p>
<p>But let’s face it: being a tardy bill payer doesn’t look good.</p>
<p>Lenders will wonder, that since you can’t you keep on top of your bills, how on earth will you meet a mortgage repayment?</p>
<p>The advent of internet banking has made paying your bills easier than ever.</p>
<p>Consider setting up automatic payments for regular bills so your financial paper trail is as squeaky clean as possible.</p>
<h4>4. Changing jobs or becoming self-employed</h4>
<p>Unless you live under a rock you’re probably aware that the days of having one job for your entire life are done.</p>
<p>Not only does technology seem to create new jobs by the day, the global world that we live in means that job mobility is also more common.</p>
<p>Now changing jobs to progress your career is a good idea. <img class="alignright size-medium wp-image-69366 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/27497990_l-244x300.jpg" alt="27497990_l" width="244" height="300" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/27497990_l-244x300.jpg 244w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/27497990_l-768x945.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/27497990_l-832x1024.jpg 832w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/07/27497990_l-1160x1428.jpg 1160w" sizes="(max-width: 244px) 100vw, 244px" /></p>
<p>But having a CV that shows you have as much staying power as a nag coming dead last at a country race meet will not impress lenders.</p>
<p>Again, they’ll worry about whether your propensity for changing jobs regularly could result in you one day struggling to pay your mortgage.</p>
<p><strong>Alas, the same can be said for the self-employed</strong> – at least in the beginning.</p>
<p>For the first two years of self-employment, borrowers who were previously attractive to banks suddenly have to join the outcast queue.</p>
<p>That’s because lenders are concerned about the sustainability of income when someone first becomes self-employed.</p>
<p>The good news is that once they have two years of tax returns under their belt, lenders will start taking their calls once more.</p>
<p>Hopefully by now you can see that there are a number of ways you could be unknowingly sabotaging your borrowing power.</p>
<h4>But all is not lost. <img class="alignright size-medium wp-image-57383 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/piggy-bank-borrow-money-save-parent-glasses-stern-lesson-learn-300x160.jpg" alt="piggy-bank-borrow-money-save-parent-glasses-stern-lesson-learn" width="300" height="160" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/piggy-bank-borrow-money-save-parent-glasses-stern-lesson-learn-300x160.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/piggy-bank-borrow-money-save-parent-glasses-stern-lesson-learn-1024x547.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/piggy-bank-borrow-money-save-parent-glasses-stern-lesson-learn-1160x620.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></h4>
<p>Understanding how you can make your financial footprint as clean as possible is one of the keys to loan success.</p>
<p>The bottom line is…</p>
<p>Even though banks have changed drastically in the past few decades, everyone still have to put their best foot forward if they want to make their property dreams a reality.</p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com3tag:blogger.com,1999:blog-4527113934630320275.post-5540808248336334532019-04-22T18:38:00.001-07:002019-04-22T18:38:13.779-07:00The Self-Startler<p><strong>Years ago while dating, I encountered a particularly charming creature.</strong></p>
<p>He was absolutely fascinating, charming and charismatic. <img class="alignright size-medium wp-image-86107 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/45437255_l-284x300.jpg" alt="mind" width="284" height="300" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/45437255_l-284x300.jpg 284w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/45437255_l-768x810.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/45437255_l-970x1024.jpg 970w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/45437255_l-1160x1224.jpg 1160w" sizes="(max-width: 284px) 100vw, 284px" /></p>
<p>From the moment our eyes met across the crowded room, I was captivated.</p>
<p>Things moved quickly, my friend.</p>
<p>Over the next few days, he showered me with attention and affection that left me spinning.</p>
<p>Finally it seemed there was someone who truly understood me, and may have even been ‘the one’. (Keep in mind I had reached this conclusion within a couple of weeks of meeting him).</p>
<p>It all happened so fast.</p>
<p><strong>My usual safety mechanisms reserved for the dating field never even came close to functioning.</strong></p>
<p>I was swept up in his magnetic vortex.</p>
<p>Then, as suddenly as it had started, there was a deafening silence.</p>
<p>Despite my best efforts to contact him, I didn’t hear a thing.</p>
<p>No more phone calls, no more letters or cards in the mail, and definitely no sign of flowers being delivered.</p>
<p>After a week of this total rejection, I received a note that read: “Won’t be able to see you for a while. Need to put the brakes on. Take care. We might catch up in the future.”</p>
<h4>Hmmmm… What in the heck happened there?</h4>
<p>Well… he freaked himself out. </p>
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<p>In a moment of clarity, his happy-go-lucky bachelor subconscious screamed at him: “Back off mate! At this rate she’ll be thinking about picket fences by next month!”</p>
<p>So, at the point of realisation he was in too deep, he decided to run like a frightened rabbit.</p>
<p>Either the sky was the limit for the relationship, or he needed to dump me – straight away.</p>
<p><strong>I’ve seen many self-startler types begin investing.</strong></p>
<p>They start with a whirlwind of activity, attend exciting courses, read all the books they can get their hands on and generally begin a love affair with investing.</p>
<p>To begin with, they buy a bucket-load of properties in quick succession, and leverage themselves up to the hilt.</p>
<p>They tell every person in their life about how they will retire from their jobs, become a self-made millionaire and live a life of comfort.</p>
<h4>This can now go one of two ways.</h4>
<p>The self-startler could end up going onto steady investing greatness.</p>
<p>It’s possible they will learn the secrets of effective investing, and ultimately calm down their manic learning curve, and develop a profitable method in a steady and predictable way.</p>
<p>Alternatively, as I have seen so many times in the past, they burn themselves out and blow up their accounts in a blaze of glory.</p>
<p>Brief, yet spectacular.</p>
<h4>Generally, downright terrifying to watch.</h4>
<p>The signs of a potential self-startler can be very disturbing to loved ones and spouses.<img class="alignright size-medium wp-image-78234 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/34062461_l-300x300.jpg" alt="finance market" width="300" height="300" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/34062461_l-300x300.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/34062461_l-150x150.jpg 150w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/34062461_l-768x766.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/34062461_l-1024x1021.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/34062461_l-1160x1157.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>I was recently sent an email by the wife of a new trader which simply stated:</p>
<p><em>“Help me! I don’t even know my husband any more. He’s discovered trading, and this is much more attractive to him than I will ever be. He’s up half the night trading the US market and has quit his job to trade the Australian market. What can I do?”</em></p>
<p>Living with someone who is walking on the razors edge is never a positive experience.</p>
<p>Success in investing is a terrific goal, but it is worthless if the rest of your life is in shambles.</p>
<p><strong>The most successful people in any endeavour tend to have a high level of self-awareness.</strong></p>
<p>This is true of profitable traders and property investors as well.</p>
<p>Most good investors have achieved a level of balance in their lives.</p>
<p>They value their health, their personal lives and often their spiritual lives.</p>
<p>Reading between the lines of <em>Market Wizards</em> by Jack Schwager, the majority of superior traders have attained a healthy balance in their lives.</p>
<p><strong>Occasionally an obsessed, power-hungry person will become a good trader—but these people are the exception rather than the rule.</strong></p>
<p>The same goes for property investors <img class="alignright size-medium wp-image-51035 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/chess-game-leader-investment-strategy-win-success-negotiate-300x235.jpg" alt="Chess and hand" width="300" height="235" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/chess-game-leader-investment-strategy-win-success-negotiate-300x235.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/chess-game-leader-investment-strategy-win-success-negotiate-1024x803.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/chess-game-leader-investment-strategy-win-success-negotiate-1160x909.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/chess-game-leader-investment-strategy-win-success-negotiate.jpg 1465w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Initially, you may find that learning about the property market is occupying your every waking moment.</p>
<p><strong>Over time this feeling should dissipate.</strong></p>
<p>Outstanding investors spend time taking their dog for a walk in the park, they volunteer for tuck-shop duty at their kids’ school, and they often help their community by giving money to charity.</p>
<p>They look after their health and their families, as well as their wealth.</p>
<p>Developing mastery over your own mind-set, and maintaining a balance in your life is just as much a contributor to your investing success as developing appropriate strategies.</p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-30968635439545643022019-04-22T15:04:00.001-07:002019-04-22T15:04:05.423-07:00[Podcast] This will make me a better property investor | What does the Federal Election mean for our beleaguered housing markets?<p><strong>Want to know what will make me a better property investor in this difficult market?</strong></p>
<p><span style="font-weight: 400;">I expect that the property market is going to pick up.</span></p>
<p><span style="font-weight: 400;">And I expect that the Melbourne and <a href="https://propertyupdate.com.au/property-investment-sydney/">Sydney property markets</a> will go gangbusters. <img class="alignright size-medium wp-image-133061 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/96-Property-Insiders-FB-300x132.jpg" alt="96 Property Insiders Fb" width="300" height="132" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/96-Property-Insiders-FB-300x132.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/96-Property-Insiders-FB-800x350.jpg 800w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/96-Property-Insiders-FB.jpg 1140w" sizes="(max-width: 300px) 100vw, 300px" /></span></p>
<p><span style="font-weight: 400;">I have no idea when this will happen.</span></p>
<p><span style="font-weight: 400;">Now just to make things clear…those aren’t contradictory statements.</span></p>
<p><span style="font-weight: 400;">The first is an expectation, the other is the rejection of a forecast.</span></p>
<p><span style="font-weight: 400;">And if you want to be a successful property investor, you’re going to have to understand this important difference.</span></p>
<p><span style="font-weight: 400;">It’s one thing to look at history and see that the property market cycles with some frequency and then form a baseline of what to expect in the future with this knowledge.</span></p>
<p><span style="font-weight: 400;">However, it’s quite another thing to predict the precise timing of the turning points in the property cycle.</span></p>
<p><span style="font-weight: 400;">And it’s another thing entirely to devise a strategy that reacts to those predictions. <img class="alignright wp-image-74158 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/13844871_l1-300x300.jpg" alt="13844871_l1" width="230" height="230" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/13844871_l1-300x300.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/13844871_l1-150x150.jpg 150w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/13844871_l1-768x768.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/13844871_l1-1024x1024.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/13844871_l1-1160x1160.jpg 1160w" sizes="(max-width: 230px) 100vw, 230px" /></span></p>
<p><span style="font-weight: 400;">Property analysis isn’t black and white, yet some people believe they can predict markets and they tell you about (or sell you into) the next property “hot spot.”</span></p>
<p><span style="font-weight: 400;">There’s an important grey area, which is expecting certain events to occur without having an opinion on exactly when, where, why, or how.</span></p>
<p><span style="font-weight: 400;">I’ve been investing for over 40 years now and in that time there have been 8 significant property cycles.</span></p>
<p><span style="font-weight: 400;">I can use this as a very rough rule of thumb for the future, based on the idea that we’ve got even more positive fundamentals to drive our property markets than past generations had.</span></p>
<p><span style="font-weight: 400;">While there are many sound fundamentals underpinning the long-term prosperity of our property markets, two of the big ones that give me comfort are our significant population growth and the wealth of our nation.</span></p>
<p><span style="font-weight: 400;">This reassures me that my long term plans are sound and based on what has always worked – rather than trying to pick what is right for the current market.</span></p>
<h2><span style="font-weight: 400;">Now I have an expectation:</span></h2>
<p><span style="font-weight: 400;">If I plan on investing for the next 30 years, I should count on things getting ugly at least six times.</span></p>
<p><span style="font-weight: 400;">Maybe it’ll be a little more, maybe less. <img class="alignright size-medium wp-image-129373 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/slowing-growth-300x199.jpg" alt="Hand Drawing A Graph About Real Estate Market Concept Image" width="300" height="199" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/slowing-growth-300x199.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/01/slowing-growth.jpg 725w" sizes="(max-width: 300px) 100vw, 300px" /></span></p>
<p><span style="font-weight: 400;">But I have an expectation, a rough idea of how the game works.</span></p>
<p><span style="font-weight: 400;">Yet it’s not a forecast.</span></p>
<p><span style="font-weight: 400;">A forecast is, “The property market will turn in the second half of 2019” or “Australia will have a recession in the first half of 2021.”</span></p>
<p><span style="font-weight: 400;">That’s precision, with a disregard for both the history of people making such forecasts and the events that cause these turning points which, a lot of the time, is something that can’t be foreseen.</span></p>
<p><span style="font-weight: 400;">The important difference between an expectation and a forecast is the impact it has on my behaviour.</span></p>
<p><span style="font-weight: 400;">If I expect property booms and property downturns, I won’t be surprised when they come.</span></p>
<p><span style="font-weight: 400;">I know they’re a normal part of the game. <img class="alignright size-medium wp-image-108766 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/sydney-market-down-300x220.jpg" alt="Sydney Market Down" width="300" height="220" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/sydney-market-down-300x220.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/sydney-market-down-768x563.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/sydney-market-down-1024x750.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/sydney-market-down-1160x850.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/sydney-market-down-375x275.jpg 375w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/sydney-market-down.jpg 1374w" sizes="(max-width: 300px) 100vw, 300px" /></span></p>
<p><span style="font-weight: 400;">But since I’m not sure when they will come, I won’t attempt to do much about it.</span></p>
<p><span style="font-weight: 400;">Attempting to do something about it – trading, timing, buying and selling – is the root of most investors’ mistakes.</span></p>
<p><span style="font-weight: 400;">A forecast suggests that you know when something will happen, which is permission to act on it.</span></p>
<p><span style="font-weight: 400;">There’s little reason for a forecast other than acting on it.</span></p>
<p><strong>But unfortunately this creates two problems:</strong></p>
<ol>
<li style="font-weight: 400;"><span style="font-weight: 400;">The false hope of knowing exactly when the property market will turn. Even the experts keep getting their forecasts wrong.</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">The high-probability of regret from trading around these forecasts. Just see the results all the hot spotters have achieved, or the lost opportunity for those who tried to time the market.</span></li>
</ol>
<p><span style="font-weight: 400;">In other words…</span></p>
<p><span style="font-weight: 400;">Expectations rather than forecasts make me a better property investor.</span></p>
<h2>What does the Federal Election mean for our beleaguered housing markets?</h2>
<p><span style="font-weight: 400;">So finally we have the federal election campaign underway – what does this mean for our beleaguered housing markets?</span></p>
<p><span style="font-weight: 400;">Home values across Australia’s largest capital cities have been falling since they peaked in late 2017. <img class="alignright size-medium wp-image-128023 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/12/federal-election-due-by-May-2019-300x162.jpg" alt="Federal Election Due By May 2019" width="300" height="162" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/12/federal-election-due-by-May-2019-300x162.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/12/federal-election-due-by-May-2019.jpg 696w" sizes="(max-width: 300px) 100vw, 300px" /></span></p>
<p><span style="font-weight: 400;">In fact, it looks like this will be the biggest and longest national decline in home values for almost 40 years (or since records began in 1980).</span></p>
<p><span style="font-weight: 400;">Consumers have lost confidence, first buyers went on strike now sellers are holding back unless they really have to sell</span></p>
<p><span style="font-weight: 400;">And while the property markets have started 2019 with a positive note, with more interest from buyers, auction clearance rates rising, the banks chasing more business another hurdle has been put in our way.</span></p>
<p><span style="font-weight: 400;">A federal election and elections create uncertainty and when there’s uncertainty buyers put their hands in their pockets.</span></p>
<p><strong><a href="https://propertyupdate.com.au/author/andrew-wilson/">Dr. Andrew Wilson</a> and I discuss the likely implications of the election campaign.</strong></p>
<ul>
<li style="font-weight: 400;"><span style="font-weight: 400;">Election date is Saturday 18 May</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">This will clearly disrupt a recovering market with agents avoiding auction sales campaigns in the next month <img class="alignright size-medium wp-image-126381 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/western-australia-and-Northern-Territory-300x220.jpg" alt="Western Australia And Northern Territory" width="300" height="220" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/western-australia-and-Northern-Territory-300x220.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/western-australia-and-Northern-Territory-944x692.jpg 944w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/western-australia-and-Northern-Territory-1160x850.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/western-australia-and-Northern-Territory-375x275.jpg 375w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/11/western-australia-and-Northern-Territory.jpg 1374w" sizes="(max-width: 300px) 100vw, 300px" /></span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">At the same time the late Easter and holiday period will see a closing down of the property market at least till the end of April</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">This means the current record decline in seller activity will be amplified over next month</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Buyers will also be wary given until they know who will win the election</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">The election campaign will end close to the winter market shutdown that commences after Queens Birthday long weekend (June 10)</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">The election will act to distract the property market</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Buyers and sellers wary of election outcome – so will be sidelined</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">The election result is likely to be closer than previously thought based on latest polls. And the market hates uncertainty</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">The significant Labor Tax policy will be the focus of scare campaign exacerbating all the above</span></li>
</ul>
<p><span style="font-weight: 400;">Watch the video of our discussion here:</span> <a href="https://propertyupdate.com.au/what-does-the-federal-election-mean-for-our-beleaguered-housing-markets-property-insiders-video/"><span style="font-weight: 400;">What does the Federal Election mean for our beleaguered housing markets? | Property Insiders Video</span></a></p>
<p><span style="font-weight: 400;">Guest:</span> <span style="font-weight: 400;">Dr. Andrew Wilson –</span> <a href="http://myhousingmarket.com.au/"><span style="font-weight: 400;">MyHousingMarket.com.au</span></a></p>
<div class="a-single a-102"><a href="https://wealthretreat.com.au/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/together_Wealth-retreat2019-mina.jpg" alt="wealth-retreat_hor" title="" /></a></div>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-81419474279407878652019-04-22T01:38:00.001-07:002019-04-22T01:38:10.366-07:00Here’s why our property markets are not picking up<p><strong>We’re now experiencing what will be the longest and deepest property market downturn in modern history.<img class="alignright size-full wp-image-133121 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/interest-rate-overpay.jpg" alt="Interest Rate Overpay" width="300" height="180" /></strong></p>
<p>But it shouldn’t be that way!</p>
<p>Previous property slumps have been due to rising interest rates or economic recessions or high levels of unemployment, but currently our economic and property fundamentals are really not that bad.</p>
<p>Sure, our economic growth is slowing a little, and yes wages growth is slow.</p>
<p>But our population is growing strongly, we’re creating heaps of new jobs and unemployment is at low level.</p>
<p>One of our big problems is consumer confidence – actually the lack of it.</p>
<p>It started with a “buyers strike” in late 2017 as investors in particular left the market, in part due to difficulty getting finance.</p>
<p>And then in October after that infamous 60 Minutes show that scared the pants off many would be investors by predicting a 40% fall in property values, investor sentiment dropped even further.</p>
<p>More recently property sellers have gone on strike – discretionary sellers (those who have no urgency to sell) are not bothering putting their properties on the market at a time when the chance of getting a great price is low.</p>
<p>This has particularly affected Australia’s two largest property markets, Sydney and Melbourne, as this is where investor activity was the highest and where property values grew the most leading up to this downturn.</p>
<h2>So what are we waiting for?<a href="http://wealthretreat.com.au"><img class="alignright size-full wp-image-133075 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/AndrewWilson_Wealth-retreat2019_268x243-mina.jpg" alt="Andrewwilson Wealth Retreat2019 268x243 Mina" width="268" height="243" /></a></h2>
<p>Well…2019 started out with some promise, with more buyers back in the market, the declines in values slowing and auction clearance rates rising (albeit on smaller volumes.)</p>
<p>But now uncertainty has crept back as we’re waiting for the results of the federal election, so little is going to change over the next month.</p>
<p>Home buyers and sellers are waiting for some clarity for the future.</p>
<p>However, one thing that has become clear is that the next move in interest rates will be down, and while this will help confidence a little, the banks are still giving property investors a hard time applying tight credit standards which many would consider unreasonably restrictive making it hard for investors to borrow.</p>
<p>At the same time our economy is slowing down with the RBA downgrading its projection of future GDP growth and employment growth and this is concerning many business owners.</p>
<h2>Here are some other factors holding back our markets</h2>
<ol>
<li><strong>Self-managed super funds (SMSFs)</strong></li>
</ol>
<p>There’s no doubt some naïve investors were misled into buying properties in an SMSF by advisors with vested interests.</p>
<p>However, for others, setting up an SMSF to own property was a great way to secure their financial future.</p>
<p>However today there are only a few lenders approving finance for SMSFs to own residential properties meaning there are fewer investor transactions in SMSF’s.</p>
<ol start="2">
<li><strong>Disincentives for foreign investor activity</strong></li>
</ol>
<p>There are less foreign investors in the property market today.</p>
<p>Our governments pulled the welcome mat out from under the feet of foreign investors by imposing penalty state taxes including stamp duties and withholding tax.</p>
<p>This together with the Chinese government crackdown on capital leaving the country has stemmed the tide of foreign investment into Australia, particularly in the residential market.</p>
<ol start="3">
<li><strong>Settlement risk</strong></li>
</ol>
<p>There is still an oversupply and a continuing pipeline of completions of the wrong types of property – high rise apartments – particularly in Sydney, but also in Brisbane and Melbourne.</p>
<p>On completion many of these apartments are valuing in below contract price at a time when nervous lenders are requiring larger deposits, and this has significantly increased the settlement risk for off-the-plan apartments.</p>
<ol start="4">
<li><strong>Taxation changes proposed by Labor</strong></li>
</ol>
<p>Fears of the proposed changes to negative gearing and Capital Gains Tax if Labor win the election are having a significant effect on consumer sentiment.</p>
<p>In fact, it seems like taxation will be one of the major considerations that determine the result of the upcoming Federal Election.</p>
<p>So it looks like our markets will be on hold at least until the election is over on May 18<sup>th</sup> – and then things could get even more interesting.</p>
<p><a href="http://wealthretreat.com.au"><img class="aligncenter size-full wp-image-131787 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Wealth-retreat2019-min.jpg" alt="Wealth Retreat2019 Min" width="800" height="261" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Wealth-retreat2019-min.jpg 800w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Wealth-retreat2019-min-300x98.jpg 300w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-29482088053434149902019-04-21T22:37:00.001-07:002019-04-21T22:37:17.421-07:005 signs you should fire your property manager<p><strong>For any landlord with an investment property, your property manager should be your greatest asset.</strong></p>
<p>While it’s always possible to manage your own property, it can be so much smoother to have a professional do it for you. <img class="alignright size-medium wp-image-107973 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager3-300x188.jpg" alt="Property Manager" width="300" height="188" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager3-300x188.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager3-768x481.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager3.jpg 874w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>They can help you find the best tenants, manage (and chase) rent collection, keep up-to date on maintenance and repairs, and <a href="https://propertyupdate.com.au/6-things-that-can-turn-a-landlord-tenant-relationship-sour/" target="_blank" rel="nofollow">act as the important and impartial “go-between” for you and your tenants</a>.</p>
<p>But how can you be sure your property manager is doing the best possible job?</p>
<p>How can you tell when they’re starting to slack?</p>
<p>If your investment dream is turning into a nightmare, consider these 5 signs that it might be time to find a new property manager.</p>
<h2>1. They’re quiet… too quiet</h2>
<p>No one likes being bombarded by endless calls, texts and emails, but it’s much worse if your property manager never checks in. </p>
<div class="g g-16">
<div class="g-single a-13"><a href="https://metropole.com.au/property-investment-australia/investor-enquiry-form/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2014/07/m-propertyinvestors-18July2014.png" alt="ad_build_wealth" title="ad_build_wealth" /></a></div>
</div>
<p>They should be happy to report back to you regularly and give you updates as often as you request them, but if you feel like you’re getting to know their message service more than them, take this as an alarm bell.</p>
<p>For instance, if you can’t remember the last time they offered you a market comparison or recommended a rental increase, that is cause for concern — as you could be missing out on potential income.</p>
<p>Managing properties is their job, and communicating with landlords regularly should be part and parcel of that job description.</p>
<h2>2. They fail to give you a monthly report (or send it in late)</h2>
<p><a href="https://metropole.com.au/landlord-services/" target="_blank" rel="nofollow">Your property manager</a> should be providing you with a report each month that details your property’s financials, like the budget, income, expenses, and any deductions (such as repairs and maintenance).</p>
<p>A highly detailed report will also include a breakdown of the amount collected in rent and anything owing in arrears, as well as planning for maintenance, property market updates and any other important notes you need to know.</p>
<h2>3. They charge like a wounded bull <img class="alignright size-medium wp-image-107981 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager-10-per-cent-300x220.jpg" alt="Property Manager 10 Per Cent" width="300" height="220" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager-10-per-cent-300x220.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager-10-per-cent-768x563.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager-10-per-cent-1024x750.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager-10-per-cent-1160x850.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager-10-per-cent-375x275.jpg 375w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/property-manager-10-per-cent.jpg 1374w" sizes="(max-width: 300px) 100vw, 300px" /></h2>
<p>Hiring a property manager is just one of those expenses that come with having a property investment, but don’t be fooled into <a href="https://propertyupdate.com.au/9-pearls-ancient-wisdom-property-investment-success/" target="_blank" rel="nofollow">paying too much for their expertise.</a></p>
<p><strong>Property manager fees vary on a case by case basis,</strong> but generally you should be paying somewhere between seven to 10 per cent of your weekly rental income.</p>
<p>If you’re being charged over this amount — especially if they’re not doing a thorough job — then it might be time to start looking around for another manager.</p>
<h2>4. They have terrible taste</h2>
<p>In tenants, that is.</p>
<p>Having a <a href="https://metropole.com.au/landlord-services/" target="_blank" rel="nofollow">friendly property manager is great</a>.</p>
<p>Having a property manager who is overly friendly and too trusting is not.</p>
<p>If you’re finding your property is<a href="https://propertyupdate.com.au/signs-of-a-bad-tenant/" target="_blank" rel="nofollow"> frequently rented out to poor tenants</a> (whether they pay rent late, host wild parties or generally cause a nuisance), you can assume your property manager isn’t vetting the applicants properly.</p>
<p>Don’t be afraid to talk to your property manager to try and get on the same page regarding the type of tenants you’re looking for.</p>
<p>Any property manager worth their salt should be able to take your request into account and find someone more suitable.</p>
<h2>5. They don’t inspect the property regularly</h2>
<p>In Australia, it’s standard practice for property managers to conduct regular inspections of the property.</p>
<p>Depending on which state your property is located in, this can vary anywhere between once a year to four times annually. <img class="alignright size-medium wp-image-107985 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/inspect-property1-300x188.jpg" alt="Inspect Property" width="300" height="188" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/inspect-property1-300x188.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/inspect-property1-768x482.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/inspect-property1.jpg 910w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>It should include a decent inspection of both the inside and outside of the property, and a detailed report should be provided afterwards.</p>
<p><strong>If your property manager is failing to do this, then simply put, they’re failing to do their job properly.</strong></p>
<p>A good property manager can make it seem like owning investment properties is a total breeze — and you only realise quite how valuable they are when you experience the full impact of working with a dud one.</p>
<p>Remember that at the end of the day, <a href="https://propertyupdate.com.au/property-investment-complete-guide/" target="_blank" rel="nofollow">you invest in property to make a profit</a> and grow your wealth.</p>
<p>If your property manager isn’t doing their best to optimise your investment, then they’re ultimately costing you money.</p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-31527517152648261252019-04-21T20:32:00.001-07:002019-04-21T20:32:34.257-07:00The most valuable thing your money can buy…<p><strong>We all know that money can’t buy happiness.</strong></p>
<p>If you’re unhappy before you make a lot of money then extra cash isn’t going to suddenly change your outlook on life.<img class="alignright size-medium wp-image-94194 img-responsive" title="Family Drawing Money House Clothes And Video Game Symbol" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Family-drawing-money-house-clothes-and-video-game-symbol-300x246.jpg" alt="Family Drawing Money House Clothes And Video Game Symbol" width="300" height="246" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Family-drawing-money-house-clothes-and-video-game-symbol-300x246.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Family-drawing-money-house-clothes-and-video-game-symbol-768x629.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Family-drawing-money-house-clothes-and-video-game-symbol-1024x839.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Family-drawing-money-house-clothes-and-video-game-symbol.jpg 1132w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>I have written in the past about people who win Lotto, and the fact that many of them end up losing their fortune.</p>
<p>They’re not used to being financially responsible and they think that coming into a large amount of money means never having to think about it again.</p>
<p><strong>Which, of course, isn’t true.</strong></p>
<p>The more money you have, the more responsible and cautious you need to be with it.</p>
<p>It’s hard work being financially responsible and some Lotto winners even said that the money made them miserable!</p>
<p>It’s not hard to imagine is it?</p>
<p>So we know that money can’t buy happiness.</p>
<h4>But what can it buy? </h4>
<div class="g g-25">
<div class="g-single a-27">
<h4><a href="http://guidetogettingrich.com/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/adrotate-group_25.jpg" alt="guide-to-getting-rich-ad-PU" title="guide-to-getting-rich-ad-PU" /></a></h4>
</div>
</div>
<p>Well, something much more valuable: time.</p>
<p>Your time!</p>
<p>A recent study published in the US medical journal PNAS, found that people who buy time by paying someone to complete household tasks are more satisfied with life.</p>
<p>This was just as true for middle-class earners as it was for high net-worth individuals.</p>
<p>Here is why you should start using your money to buy time, or investing in time capital, as it’s known:</p>
<h4>1. YOU’LL STRESS LESS</h4>
<p>When you’re time-poor, it’s easy to feel stressed about your long to-do list. <img class="alignright size-medium wp-image-94195 img-responsive" title="Occupied Businessman Multitasking In Cafe" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Occupied-businessman-multitasking-in-cafe-300x200.jpg" alt="Occupied Businessman Multitasking In Cafe" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Occupied-businessman-multitasking-in-cafe-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Occupied-businessman-multitasking-in-cafe-768x512.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Occupied-businessman-multitasking-in-cafe-1024x683.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Occupied-businessman-multitasking-in-cafe-1160x773.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Occupied-businessman-multitasking-in-cafe.jpg 1254w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Insomnia is a big problem these days and I bet that most insomniacs have too much stuff to do rather than too little.</p>
<p>Rather than using your money to buy things that will comfort you only for a short period, you can buy your own time back by outsourcing as much work as you can.</p>
<p>Even if it means you’re able to claw back a just an hour or two a day by paying someone to run your errands, it will be worth it because you’ll be less stressed as a result.</p>
<h4>2. YOU WILL HAVE FEWER REGRETS</h4>
<p>John Lennon once famously said that ‘life is what happens to you when you’re busy making other plans.’</p>
<p>How true.</p>
<p>The thing is: you need to make sure your life isn’t all about making other plans, that there is time to reflect and enjoy a life you’re passionate about.</p>
<p>If you work really hard to earn lots of money and then you never have time to enjoy that money then what is the point?</p>
<p>You don’t want to regret working so hard that you never had time to enjoy whatever it was you were working so hard for.</p>
<p>So what should you do? Keep working hard and doing what you love, but buy extra time by outsourcing any chores that take up your downtime.</p>
<h4>3. YOU’LL APPRECIATE TIME</h4>
<p>Most of us waste time.<img class="alignright size-medium wp-image-94198 img-responsive" title="Beautiful Businesswomen Checking The Time" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Beautiful-businesswomen-checking-the-time-300x200.jpg" alt="Beautiful Businesswomen Checking The Time" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Beautiful-businesswomen-checking-the-time-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Beautiful-businesswomen-checking-the-time-768x512.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Beautiful-businesswomen-checking-the-time-1024x683.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Beautiful-businesswomen-checking-the-time-1160x773.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Beautiful-businesswomen-checking-the-time.jpg 1254w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>It’s only human.</p>
<p>We get distracted or lazy, or we remain indecisive about what to do and so we do nothing.</p>
<p>We vow to go for a run on the weekend, but we end up stuck to the couch, telling ourselves we’ll go tomorrow until tomorrow becomes next week.</p>
<p>But when we buy time, we’re less likely to waste it.</p>
<p>We know how valuable (and expensive) it is and so we make the most of that hour or two we have to ourselves or with our loved ones.</p>
<p>It ends up being time well spent.</p>
<h4>4. YOU’LL HAVE MORE ENERGY</h4>
<p>Caffeine is the drug of choice for most of us each morning, but there is a better way to get energy.</p>
<p>And that’s by doing nothing.</p>
<p>If you don’t ever get a chance to switch off and zone out, to refuel the tank, then you will crash and burn.</p>
<p>Your time away from work is just as important as your time at work.</p>
<p>People think they’re two very different worlds, but far from it.</p>
<p>They both influence each other.</p>
<p>In order to be successful, I’m talking long-term sustained success, you’re going to need some precious time to recharge.</p>
<h4>5. YOU WON’T RESENT OBLIGATIONS</h4>
<p>We’re all being pulled in a million different ways these days.</p>
<p>There are so many demands on our time, from work to family to social obligations.</p>
<p>But if you buy yourself some time, to do whatever you like, then the various obligations won’t seem like chores.</p>
<p>You’ll be more readily available to others because you made sure, first and foremost, that you were available to yourself.</p>
<p>Time isn’t valued enough in our society. <img class="alignright size-medium wp-image-94199 img-responsive" title="Man Relaxed On A Couch At Home" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Man-relaxed-on-a-couch-at-home-300x200.jpg" alt="Man Relaxed On A Couch At Home" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Man-relaxed-on-a-couch-at-home-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Man-relaxed-on-a-couch-at-home-768x512.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Man-relaxed-on-a-couch-at-home-1024x683.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Man-relaxed-on-a-couch-at-home-1160x773.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/11/Man-relaxed-on-a-couch-at-home.jpg 1254w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Most people are working hard for money’s sake alone, even though we know that it won’t make us happy without a well-balanced life within which to ground it.</p>
<p>No one asks each other if they’re getting enough time, if they have bought any great time lately.</p>
<p>Can you imagine that?</p>
<p>We need to start prioritizing time, and if the only way we can get more of it is to buy it then that’s what we should be doing.</p>
<p>It’s a worthy investment to make.</p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-48900487900630303732019-04-21T20:02:00.001-07:002019-04-21T20:02:42.455-07:00Insights from the most successful investors<p><strong>If you’re like me, you like reading motivational quotes.</strong></p>
<p>I’m particularly intrigued by those of successful investors.</p>
<p><a href="http://au.pfinance.yahoo.com/photos/photo/-/15872203/insights-from-the-most-successful-investors-in-history/15872205/" target="_blank">Yahoo Finance</a> recently ran a selection of these.</p>
<h2>Here they are…</h2>
<p><strong>George Soros:</strong> Good investing is boring</p>
<p><img class="size-medium wp-image-15230 alignright img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2013/03/invest-time-300x181.jpg" alt="investing in property" width="300" height="181" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2013/03/invest-time-300x181.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2013/03/invest-time.jpg 500w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p><span style="color: #808080;"><em>“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”</em></span></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Howard Marks:</strong> Investing is about more than selecting the asset<br /></span></p>
<p><span style="color: #808080;"><em>“Smart investing doesn’t consist of buying good assets, but of buying assets well. This is a very, very important distinction that very, very few people understand.”</em></span></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Jack Bogle:</strong> Losses are a reality of the market</span></p>
<p><span style="color: #808080;"><em>“If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.”</em></span></p>
<p><strong> Bob Farrell:</strong> Don’t join the herd</p>
<p><span style="color: #808080;"><em>“The public buys the most at the top and the least at the bottom.” And, “When all the experts and forecasts agree – something else is going to happen.”</em></span></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Jeremy Grantham:</strong> Recognise your advantage over professionals</span></p>
<p><span style="color: #808080;"><em>“By far the biggest problem for professionals in investing is dealing with career and business risk: protecting your own job as an agent.</em></span></p>
<p><span style="color: #808080;"><em>The second curse of professional investing is over-management caused by the need to be seen to be busy, to be earning your keep.</em></span></p>
<p><span style="color: #808080;"><em>The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals.”</em></span></p>
<p><strong> John Templeton:</strong> Don’t forget about taxes</p>
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<p><em><span style="color: #808080;">“For all long-term investors, there is only one objective – maximum total real return after taxes.”</span></em></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Barton Biggs:</strong> There are no relationships or equations that always work</span></p>
<p><span style="color: #808080;"><em>“Quantitatively based solutions and asset allocation equations invariably fail as they are designed to capture what would have worked in the previous cycle whereas the next one remains a riddle wrapped in an enigma.”</em></span></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Benjamin Graham:</strong> Beware of forecasts</span></p>
<p><span style="color: #808080;"><em>“It is absurd to think that the general public can ever make money out of market forecasts.”</em></span></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Philip Fisher:</strong> Know the value of your investments</span></p>
<p><span style="color: #808080;"><em>“The stock market is filled with individuals who know the price of everything, but the value of nothing.”</em></span></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Warren Buffett:</strong> Be greedy when others are fearful </span></p>
<p><em><span style="color: #808080;">“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.”</span></em></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Ken Fisher:</strong> Keep history in mind</span><b style="font-size: 1em; line-height: 1.5em;"><em><br /></em></b></p>
<p><span style="color: #808080;"><em>“You can’t develop a portfolio strategy around endless possibilities. You wouldn’t even get out of bed if you considered everything that could possibly happen….. you can use history as one tool for shaping reasonable probabilities.<br /></em></span></p>
<p><span style="color: #808080;"><em>Then, you look at the world of economic, sentiment and political drivers to determine what’s most likely to happen—while always knowing you can be and will be wrong a lot.”</em></span></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Charles Ellis:</strong> Invest for the long run<img class="alignright size-medium wp-image-53374 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/09/expert-leader-chess-game-strategy-business-win-success-lose-think-mind-psychology-300x183.jpg" alt="expert leader" width="300" height="183" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/09/expert-leader-chess-game-strategy-business-win-success-lose-think-mind-psychology-300x183.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/09/expert-leader-chess-game-strategy-business-win-success-lose-think-mind-psychology-1024x627.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/09/expert-leader-chess-game-strategy-business-win-success-lose-think-mind-psychology-1160x710.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></span></p>
<p><em><span style="color: #808080;">“The average long-term experience in investing is never surprising, but the short term experience is always surprising. We now know to focus not on rate of return, but on the informed management of risk”</span></em></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Isaac Newton:</strong> Markets are irrational</span></p>
<p><span style="color: #808080;"><em>“I can calculate the movement of stars, but not the madness of men.”</em></span></p>
<p><span style="font-size: 1em; line-height: 1.5em;"><strong>Mark Twain:</strong> We can learn from the past</span></p>
<p><em><span style="color: #808080;">“History does not repeat itself but it does rhyme.”</span></em></p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-48508256653604523882019-04-21T19:32:00.001-07:002019-04-21T19:32:40.710-07:006 common mistakes made when buying an investment property in an SMSF<p><iframe src="https://spark.adobe.com/video/3dQCRUWjRNnTt/embed" width="960" height="540" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p style="text-align: left;" align="center"><strong>More and more investors, and particularly Baby Boomers, are using their Self-Managed Super Fund (SMSF) as a vehicle to buy an <a href="https://propertyupdate.com.au/category/property-investment/" target="_blank" rel="noopener noreferrer">investment property.</a></strong></p>
<p style="text-align: left;" align="center">So I’d like to share some of the most common mistakes I see people making so you can avoid them.</p>
<h2><span style="color: #000000;">1. Debt</span></h2>
<p>Your <a href="/buying-property-self-managed-super-fund/%C2%A0" target="_blank" rel="noopener noreferrer">Self-Managed Superannuation Fund</a> (SMSF) can borrow money to:</p>
<p>a) Purchase a property (including all acquisition costs),<img class="alignright wp-image-26373 size-full img-responsive" title="Self-Managed Superannuation Fund " src="https://puassets.s3.amazonaws.com/wp-content/uploads/2014/05/smsf.jpg" alt="Self-Managed Superannuation Fund " width="300" height="184" /><br />
b) Pay for repairs and maintenance and<br />
c) Capitalise interest.</p>
<p><strong>You <em>cannot</em> use borrowed funds to improve the property.</strong></p>
<p>Improvements include additions, granny flat, extensions etc.</p>
<p>For these activities cash resources of the fund must be used.</p>
<p><strong>It is critical to keep good records in your SMSF to identify whether borrowed funds or internal cash is used.</strong></p>
<p>When debt is used, the property must be held in a Holding Trust with a Corporate Trustee and not directly in the SMSF.</p>
<p>Apart from the legislative requirement to not hold the property in the SMSF there are real and practical reasons why you would not want to hold it in the SMSF.</p>
<h2><span style="color: #000000;">2. Associated Party Loan </span></h2>
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<p><span style="color: #000000;">Many people use external funds to assist them in purchasing property in their SMSF by contributing the cash as a non-concessional contribution.</span></p>
<p><span style="color: #000000;">The problem is that once contributed you cannot get the funds back until retirement or worse still you cannot put in sufficient funds within the allowable limits.</span></p>
<p><span style="color: #000000;">You can, however, lend the funds to your superannuation which allows its release if refinanced and there is no limit on the amount of the loan.</span></p>
<p><span style="color: #000000;">The mistake that many people make is to lend the funds with a simple loan agreement.</span></p>
<p><span style="color: #000000;">The loan agreement must meet the limited recourse borrowing requirements of the legislation as well as clearly identifying all terms and conditions.</span></p>
<h2><span style="color: #000000;"><span style="color: #000000;">3. Renovations</span></span></h2>
<p>Renovations which merely return the component back to a new condition are classified as ‘repairs’ for the purposes of the superannuation borrowing legislation. <img class="alignright size-medium wp-image-87201 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/work-1100028_1280-300x225.jpg" alt="renovation property" width="300" height="225" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/work-1100028_1280-300x225.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/work-1100028_1280-768x576.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/work-1100028_1280-1024x768.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/work-1100028_1280-1160x870.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/work-1100028_1280-800x600.jpg 800w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/05/work-1100028_1280.jpg 1280w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p><span style="line-height: 1.5;">Therefore a cosmetic renovation which replaces the existing kitchen or bathroom is allowable even with borrowed funds.</span></p>
<p>The mistake often made is to improve the kitchen by say extending the bench area or knocking down a non-load bearing wall.</p>
<p><strong>The latter two are deemed to be improvements and must use internal SMSF cash.</strong></p>
<p>It is a simple matter to ask your builder to split the invoice to show the improvement as a separate piece of work which can then be funded with cash and not borrowed funds.</p>
<p>If a property is demolished and say a duplex is built or land is initially purchased and then a separate contract to build is entered into then these are changes to the original asset and cannot be done within the SMSF while there is still an outstanding debt on the property.</p>
<h2><span style="color: #000000;">4. Life Insurance</span></h2>
<p><img class="alignright wp-image-28057 size-medium img-responsive" title="Life Insurance" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2014/06/sign_contract-300x139.jpg" alt="Life Insurance" width="300" height="139" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2014/06/sign_contract-300x139.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2014/06/sign_contract.jpg 970w" sizes="(max-width: 300px) 100vw, 300px" />Life insurance premiums are tax-deductible in super.</p>
<p>A common mistake is to assume this is still valid if the SMSF fund takes out a policy to repay debt on the death of a member.</p>
<p>It is not.</p>
<p>For the premiums to remain tax-deductible they must not relate to the specific use to pay down the debt.</p>
<p>Insurance to effectively achieve the same outcome and be tax deductible is possible with the correctly worded SMSF and policy identification.</p>
<h2><span style="color: #000000;">5. Stamp Duty</span></h2>
<p>When the debt is paid down the property must be transferred from the holding trust into the SMSF.</p>
<p>Many states will charge stamp duty at the full property transfer rate.</p>
<p>With the initial use of additional documentation at the time of purchase, the second stamp duty trap can be avoided.</p>
<h2><span style="color: #000000;">6. Purchasing from a member<img class="alignright wp-image-68767 size-medium img-responsive" title="Purchasing from a member" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/06/29117532_l-300x169.jpg" alt="Purchasing from a member" width="300" height="169" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/06/29117532_l-300x169.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/06/29117532_l-768x434.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/06/29117532_l-1024x578.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/06/29117532_l-1160x655.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /><br /></span></h2>
<p><span style="color: #000000;">While the SMSF can purchase a residential property from a non-related third party, it cannot purchase a residential property off a member or related person of the member.</span></p>
<p>An SMSF can, however, purchase listed shares or business real property (commercial and industrial) off a member.</p>
<p>There will be CGT and stamp duty consequences to the sale, but in relation to stamp duty most states allow for a minimal stamp duty if the property is in the individuals name, and they are also the SMSF member.</p>
<h2>GET THE RIGHT ADVICE…</h2>
<p>If you’d like to know more – why not have a strategic discussion with me about your individual needs and let Ken Raiss formulate a <strong>Strategic Wealth Plan</strong> for you, your family or your business.</p>
<p>Just <a href="https://metropole.com.au/wealth-advisory-service/">click here</a> and find out more about <strong>Metropole Wealth Advisory</strong><strong>’s</strong> range of services and book a time for your strategic consultation. </p>
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<p><em>Disclaimer</em></p>
<p><em>This article is general information only and is intended as educational material. Metropole Wealth Advisory nor its associated or related entitles, directors, officers or employees intend this material to be advice either actual or implied. You should not act on any of the above without first seeking specific advice taking into account your circumstances and objectives. </em></p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-58011124977236327982019-04-21T19:02:00.001-07:002019-04-21T19:02:52.278-07:00Are Millionaires Just Lucky?<p><strong>In my speaker role, I am often asked by someone, “How important is luck with respect to becoming rich?”</strong></p>
<p>It’s a very good question.</p>
<p>There are certain self-made millionaires (Saver/Investors), where luck does not play much of a factor.</p>
<p>These millionaires become rich by saving and prudently investing their savings. <img class="alignright size-medium wp-image-109154 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/Luck-and-skill-300x196.jpg" alt="Luck And Skill" width="300" height="196" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/Luck-and-skill-300x196.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/04/Luck-and-skill.jpg 660w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Time, more than luck, is the overriding factor in accumulating wealth for these types of millionaires.</p>
<p>For the entrepreneurs or those chasing some dream, however, luck becomes a major variable in their success equation.</p>
<p>With respect to these entrepreneurs/dreamers, I learned that, through their daily habits, they tee’d themselves up to become lucky.</p>
<p>I even gave the unique type of luck they create a name – Opportunity Luck.</p>
<p>In order to understand Opportunity Luck, you need to understand luck in general.</p>
<p><strong>There are four types of luck:</strong></p>
<ol>
<li>Random Good Luck</li>
<li>Random Bad Luck</li>
<li>Opportunity Good Luck and</li>
<li>Detrimental Bad Luck</li>
</ol>
<h4>Random Good Luck</h4>
<p>This is a type of luck that no one has control over.</p>
<p>It’s like winning the lottery, receiving an inheritance from an old relative you didn’t even know you had or simply being born into a rich family.</p>
<h4>Random Bad Luck</h4>
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<p>When people say they have no luck, they usually mean they have no good luck.</p>
<p>The fact is, we all experience luck in our lives.</p>
<p>Unfortunately, sometimes it’s random bad luck.</p>
<p>Getting hit by lightening, your employer going bankrupt, war breaking out in your country, being born with color blindness or being a jew in Germany between 1939-1945 are all types of Random Bad Luck.</p>
<h4>Opportunity Good Luck</h4>
<p>This is the type of good luck that entrepreneurs and dreamers create.</p>
<p>How?</p>
<p><strong>They do certain things that create the opportunity for good luck to occur in their lives. <img class="alignright size-medium wp-image-103104 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/01/Luck-favors-the-persistent-300x252.jpg" alt="We Did It!" width="300" height="252" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/01/Luck-favors-the-persistent-300x252.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/01/Luck-favors-the-persistent-768x646.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/01/Luck-favors-the-persistent.jpg 1000w" sizes="(max-width: 300px) 100vw, 300px" /></strong></p>
<ul>
<li>They pursue a dream. The dream requires fast learning, so they read a lot about anything related to their dream. This new knowledge opens their eyes to opportunities that were previously invisible to them. Seeing opportunities means you can pursue them. Opportunities that pay off, create good luck.</li>
<li>They take risks. What makes a risk a risk, is the impossibility of knowing everything you need to know in order to succeed. As a result, mistakes are made. These mistakes teach you what works and what doesn’t work. Mistakes help you stumble onto unique processes that help automate success. These new processes create good luck.</li>
<li>They experiment. Like risk, experimentation reveals what works and what doesn’t work. Same outcome as taking risks – you stumble upon unique process that help you automate success. These new processes create good luck.</li>
<li>They forge good habits. When you are chasing a dream, almost by default, you must create goals in order to realize your dream. Embedded in every goal is action. Actions that work, you habitualize. These new habits help automate success and create good luck.</li>
</ul>
<h4>Detrimental Bad Luck</h4>
<p>This is a type of bad luck that finds residence in the poor and the struggling.</p>
<p>Why?</p>
<p>They do certain things that manifest this bad luck.</p>
<p>I call these certain things, Poor Habits.</p>
<p><img class="alignright size-medium wp-image-118515 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/08/bad-luck-300x199.jpg" alt="Bad Luck" width="300" height="199" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/08/bad-luck-300x199.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/08/bad-luck.jpg 524w" sizes="(max-width: 300px) 100vw, 300px" />These include, overeating, never exercising, not reading every day for self-improvement, watching too much T.V. and many others.</p>
<p><strong>Each Poor Habit is like a snowflake on a mountainside.</strong></p>
<p>In time, these snowflakes build up until you experience an avalanche of bad luck.</p>
<p>This might be a heart attack, getting fired from your job, or bankruptcy.</p>
<p>You only need to worry about luck if you are an entrepreneur or chasing some dream.</p>
<p>Those who save and invest aren’t really dependent on luck.</p>
<div class="a-single a-102"><a href="https://wealthretreat.com.au/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/together_Wealth-retreat2019-mina.jpg" alt="wealth-retreat_hor" title="" /></a></div>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-38484725903291892662019-04-21T01:12:00.001-07:002019-04-21T01:12:05.027-07:00Positive signs for property as auction clearance rates rise | CoreLogic Quarterly Auction Market Review<p><strong>Some green shoots for property?</strong></p>
<p>Around half of all homes up for auction across Australia’s capital cities sold during the first quarter of 2019, with the latest CoreLogic Quarterly Auction Market Review showing a clearance rate of 49.9 per cent across the combined capitals.<img class="alignright size-medium wp-image-133092 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/auction-market-300x158.jpg" alt="Auction Market" width="300" height="158" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/auction-market-300x158.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/auction-market-1312x692.jpg 1312w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/auction-market-1160x612.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>This is an increase of +6.6 percentage points on the December quarter results.</p>
<p>While clearance rates for the March quarter are on the up, they pale in comparison to the same quarter last year, when 64.6 per cent of properties across the combined capitals sold at auction.</p>
<p>Auction volumes and clearance rates are mirroring the broader slowdown in property transaction and housing market conditions. Auction clearance rates over the March 2019 quarter were 14.7 percentage points lower than they were over the March 2018 quarter.</p>
<p>Across the combined capitals, 14,647 residential auctions were scheduled in the March 2019 quarter compared to 25,894 in the December 2018 quarter and 20,701 over the March quarter a year ago.</p>
<p>Vendors are less confident of achieving a positive result at auction, and this has further impacted auction volumes during what is traditionally a quiet start to the year.</p>
<h2>Here’s how the states differed</h2>
<p>Sydney posted the largest improvement in auction clearance rates relative to the December quarter last year</p>
<p><img class="alignright size-medium wp-image-117804 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/sydney-melbourne1-300x200.jpg" alt="Sydney Melbourne" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/sydney-melbourne1-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/sydney-melbourne1-768x512.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/07/sydney-melbourne1.jpg 940w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>The CoreLogic Quarterly Auction Market Review found that quarterly clearance rates increased across all capital cities except for Hobart (-5.2 percentage points) and Canberra (-1.6 percentage points).</p>
<p>Canberra reported the most significant drop year on year, with clearance rates falling by -22.6 percentage points to 45.6 per cent in the March 2019 quarter.</p>
<p><a href="https://propertyupdate.com.au/property-investment-sydney/">Sydney property</a> vendors achieved the highest quarterly clearance rates with 53.2 per cent of the 5,278 properties for auction selling in the three months to March.</p>
<p>This was +10.1 percentage point increase relative to the December quarter, but -10.4 percentage points lower than 12 months ago.</p>
<p>Melbourne remained Australia’s busiest capital city market over the March quarter, with 6,375 auctions scheduled (51.8 per cent clearance rate), down from 12,372 in the last quarter and 9,488 a year ago.</p>
<p>Tasmania had the fewest auctions scheduled with 45 properties for sale, however it was the only capital city to report an increase in auction volumes over the past quarter.</p>
<h2><strong><em>Capital city auction clearance rate & volumes, March quarter 2019</em></strong></h2>
<p> </p>
<table style="height: 742px;" width="535">
<tbody>
<tr>
<td width="88"><strong>Sydney</strong></td>
<td width="51">53.2 %</td>
<td width="93">(5,278 auctions)</td>
</tr>
<tr>
<td width="88"><strong>Melbourne</strong></td>
<td width="51">51.8 %</td>
<td width="93">(6,375 auctions)</td>
</tr>
<tr>
<td width="88"><strong>Brisbane</strong></td>
<td width="51">31.3 %</td>
<td width="93">(1,062 auctions)</td>
</tr>
<tr>
<td width="88"><strong>Adelaide</strong></td>
<td width="51">48.8 %</td>
<td width="93">(933 auctions)</td>
</tr>
<tr>
<td width="88"><strong>Perth</strong></td>
<td width="51">31.4 %</td>
<td width="93">(317 auctions)</td>
</tr>
<tr>
<td width="88"><strong>Tasmania</strong></td>
<td width="51">44.8 %</td>
<td width="93">(45 auctions)</td>
</tr>
<tr>
<td width="88"><strong>Canberra</strong></td>
<td width="51">45.3 %</td>
<td width="93">(637 auctions)</td>
</tr>
<tr>
<td width="88"><strong>Combined capitals</strong></td>
<td width="51">49.9 %</td>
<td width="93">(14,647 auctions)</td>
</tr>
</tbody>
</table>
<p> </p>
<h2>Sydney – sub regions</h2>
<table>
<tbody>
<tr>
<td style="padding: 5px 2px;"><strong>Sub-region</strong></td>
<td style="padding: 5px 2px;"><strong>Clearance rate(Mar Qtr ’19)</strong></td>
<td style="padding: 5px 2px;"><strong>Total auctions(Mar Qtr ’19)</strong></td>
<td style="padding: 5px 2px;"><strong>Clearance rate(Dec Qtr ’18)</strong></td>
<td style="padding: 5px 2px;"><strong>Total auctions(Dec Qtr ’18)</strong></td>
<td style="padding: 5px 2px;"><strong>Clearance rate(Mar Qtr ’18)</strong></td>
<td style="padding: 5px 2px;"><strong>Total auctions(Mar Qtr ’18)</strong></td>
</tr>
<tr>
<td style="padding: 5px 2px;">Central Coast</td>
<td style="padding: 5px 2px;">34.8%</td>
<td style="padding: 5px 2px;">242</td>
<td style="padding: 5px 2px;">35.7%</td>
<td style="padding: 5px 2px;">396</td>
<td style="padding: 5px 2px;">56.3%</td>
<td style="padding: 5px 2px;">279</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Baulkham Hills and Hawkesbury</td>
<td style="padding: 5px 2px;">44.6%</td>
<td style="padding: 5px 2px;">156</td>
<td style="padding: 5px 2px;">31.9%</td>
<td style="padding: 5px 2px;">272</td>
<td style="padding: 5px 2px;">50.2%</td>
<td style="padding: 5px 2px;">237</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Blacktown</td>
<td style="padding: 5px 2px;">46.1%</td>
<td style="padding: 5px 2px;">102</td>
<td style="padding: 5px 2px;">40.5%</td>
<td style="padding: 5px 2px;">144</td>
<td style="padding: 5px 2px;">40.4%</td>
<td style="padding: 5px 2px;">132</td>
</tr>
<tr>
<td style="padding: 5px 2px;">City and Inner South</td>
<td style="padding: 5px 2px;">58.2%</td>
<td style="padding: 5px 2px;">562</td>
<td style="padding: 5px 2px;">47.4%</td>
<td style="padding: 5px 2px;">949</td>
<td style="padding: 5px 2px;">71.6%</td>
<td style="padding: 5px 2px;">816</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Eastern Suburbs</td>
<td style="padding: 5px 2px;">56.6%</td>
<td style="padding: 5px 2px;">832</td>
<td style="padding: 5px 2px;">53.3%</td>
<td style="padding: 5px 2px;">1,096</td>
<td style="padding: 5px 2px;">75.0%</td>
<td style="padding: 5px 2px;">1,174</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Inner South West</td>
<td style="padding: 5px 2px;">48.0%</td>
<td style="padding: 5px 2px;">517</td>
<td style="padding: 5px 2px;">39.2%</td>
<td style="padding: 5px 2px;">871</td>
<td style="padding: 5px 2px;">60.0%</td>
<td style="padding: 5px 2px;">786</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Inner West</td>
<td style="padding: 5px 2px;">60.0%</td>
<td style="padding: 5px 2px;">397</td>
<td style="padding: 5px 2px;">46.6%</td>
<td style="padding: 5px 2px;">685</td>
<td style="padding: 5px 2px;">65.5%</td>
<td style="padding: 5px 2px;">628</td>
</tr>
<tr>
<td style="padding: 5px 2px;">North Sydney and Hornsby</td>
<td style="padding: 5px 2px;">62.0%</td>
<td style="padding: 5px 2px;">839</td>
<td style="padding: 5px 2px;">47.6%</td>
<td style="padding: 5px 2px;">1,488</td>
<td style="padding: 5px 2px;">66.5%</td>
<td style="padding: 5px 2px;">1,259</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Northern Beaches</td>
<td style="padding: 5px 2px;">53.2%</td>
<td style="padding: 5px 2px;">537</td>
<td style="padding: 5px 2px;">43.6%</td>
<td style="padding: 5px 2px;">905</td>
<td style="padding: 5px 2px;">66.6%</td>
<td style="padding: 5px 2px;">683</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Outer South West</td>
<td style="padding: 5px 2px;">41.7%</td>
<td style="padding: 5px 2px;">41</td>
<td style="padding: 5px 2px;">27.1%</td>
<td style="padding: 5px 2px;">77</td>
<td style="padding: 5px 2px;">61.5%</td>
<td style="padding: 5px 2px;">82</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Outer West and Blue Mountains</td>
<td style="padding: 5px 2px;">30.0%</td>
<td style="padding: 5px 2px;">40</td>
<td style="padding: 5px 2px;">22.7%</td>
<td style="padding: 5px 2px;">101</td>
<td style="padding: 5px 2px;">52.8%</td>
<td style="padding: 5px 2px;">63</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Parramatta</td>
<td style="padding: 5px 2px;">47.8%</td>
<td style="padding: 5px 2px;">274</td>
<td style="padding: 5px 2px;">32.2%</td>
<td style="padding: 5px 2px;">503</td>
<td style="padding: 5px 2px;">55.1%</td>
<td style="padding: 5px 2px;">437</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Ryde</td>
<td style="padding: 5px 2px;">61.9%</td>
<td style="padding: 5px 2px;">275</td>
<td style="padding: 5px 2px;">41.2%</td>
<td style="padding: 5px 2px;">534</td>
<td style="padding: 5px 2px;">53.4%</td>
<td style="padding: 5px 2px;">386</td>
</tr>
<tr>
<td style="padding: 5px 2px;">South West</td>
<td style="padding: 5px 2px;">37.7%</td>
<td style="padding: 5px 2px;">175</td>
<td style="padding: 5px 2px;">35.5%</td>
<td style="padding: 5px 2px;">293</td>
<td style="padding: 5px 2px;">50.9%</td>
<td style="padding: 5px 2px;">302</td>
</tr>
<tr>
<td style="padding: 5px 2px;">Sutherland</td>
<td style="padding: 5px 2px;">43.0%</td>
<td style="padding: 5px 2px;">254</td>
<td style="padding: 5px 2px;">39.9%</td>
<td style="padding: 5px 2px;">479</td>
<td style="padding: 5px 2px;">56.3%</td>
<td style="padding: 5px 2px;">473</td>
</tr>
</tbody>
</table>
<p><strong>Sydney sub-region summary</strong></p>
<p><a href="http://sydneybuyersagent.com.au">Sydney auction clearance rates</a> improved across 14 of the 15 Sydney sub-regions over the March quarter with six sub-regions recording a clearance rate above 50 per cent, compared to just one over the December quarter.<img class="size-full wp-image-133091 aligncenter img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/a24.jpg" alt="A24" width="391" height="458" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/a24.jpg 391w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/a24-256x300.jpg 256w" sizes="(max-width: 391px) 100vw, 391px" /></p>
<p>Year-on-year however, clearance rates improved in just two sub-regions, Ryde and Blacktown.</p>
<p>North Sydney and Hornsby was host to the highest number of auctions this quarter while also returning the highest clearance rate (62.0 per cent across 839 auctions), while the Outer West and Blue Mountains had the fewest auctions and the lowest clearance rate (30.0 per cent across 40 auctions).</p>
<p>Overall Sydney is tracking lower year-on-year for both auction volumes and clearance rates with the March 2019 quarter recording a success rate of 53.2 per cent across 5,278 auctions, down from 63.6 per cent across 7,755 auctions over the same quarter last year.</p>
<h2>Melbourne – sub regions</h2>
<table>
<tbody>
<tr>
<td style="padding: 5px 2px;"><strong>Sub-region</strong></td>
<td style="padding: 5px 2px;"><strong>Clearance rate(Mar Qtr ’19)</strong></td>
<td style="padding: 5px 2px;"><strong>Total auctions(Mar Qtr ’19)</strong></td>
<td style="padding: 5px 2px;"><strong>Clearance rate(Dec Qtr ’18)</strong></td>
<td style="padding: 5px 2px;"><strong>Total auctions(Dec Qtr ’18)</strong></td>
<td style="padding: 5px 2px;"><strong>Clearance rate(Mar Qtr ’18)</strong></td>
<td style="padding: 5px 2px;"><strong>Total auctions(Mar Qtr ’18)</strong></td>
</tr>
<tr>
<td width="177">Inner</td>
<td width="81">54.5%</td>
<td width="81">1,288</td>
<td width="81">51.1%</td>
<td width="81">2,291</td>
<td width="81">71.6%</td>
<td width="80">1,743</td>
</tr>
<tr>
<td width="177">Inner East</td>
<td width="81">57.0%</td>
<td width="81">767</td>
<td width="81">44.3%</td>
<td width="81">1,457</td>
<td width="81">60.4%</td>
<td width="80">1,120</td>
</tr>
<tr>
<td width="177">Inner South</td>
<td width="81">53.9%</td>
<td width="81">1,039</td>
<td width="81">48.8%</td>
<td width="81">1,892</td>
<td width="81">71.0%</td>
<td width="80">1,249</td>
</tr>
<tr>
<td width="177">North East</td>
<td width="81">49.7%</td>
<td width="81">651</td>
<td width="81">45.7%</td>
<td width="81">1,543</td>
<td width="81">72.9%</td>
<td width="80">1,075</td>
</tr>
<tr>
<td width="177">North West</td>
<td width="81">50.8%</td>
<td width="81">616</td>
<td width="81">48.8%</td>
<td width="81">1,096</td>
<td width="81">73.5%</td>
<td width="80">899</td>
</tr>
<tr>
<td width="177">Outer East</td>
<td width="81">52.1%</td>
<td width="81">421</td>
<td width="81">42.1%</td>
<td width="81">808</td>
<td width="81">65.1%</td>
<td width="80">710</td>
</tr>
<tr>
<td width="177">South East</td>
<td width="81">50.7%</td>
<td width="81">626</td>
<td width="81">41.7%</td>
<td width="81">1,280</td>
<td width="81">62.8%</td>
<td width="80">835</td>
</tr>
<tr>
<td width="177">West</td>
<td width="81">44.4%</td>
<td width="81">739</td>
<td width="81">38.7%</td>
<td width="81">1,509</td>
<td width="81">66.9%</td>
<td width="80">1,392</td>
</tr>
<tr>
<td width="177">Mornington Peninsula</td>
<td width="81">44.5%</td>
<td width="81">213</td>
<td width="81">35.2%</td>
<td width="81">466</td>
<td width="81">66.7%</td>
<td width="80">416</td>
</tr>
</tbody>
</table>
<p><strong>Melbourne, sub-region summary </strong></p>
<p><a href="http://melbournebuyersagent.com.au">Melbourne auction clearance rates</a> improved across each of the nine Melbourne sub-regions over the March 2019 quarter when compared to the December quarter.</p>
<p>The highest clearance rate was recorded across the Inner East region where 57.0 per cent of the 767 auctions were successful.</p>
<p>The busiest sub-region over the March quarter was the Inner region where 1,288 homes were taken to auction, followed by the Inner South (1,039).</p>
<p>Year-on-year both clearance rates and auction volumes were lower across the subregions.</p>
<p>Overall the <a href="https://propertyupdate.com.au/property-investment-melbourne/">Melbourne property market</a> has seen an improvement in the clearance rate with 51.8 per cent of the 6,375 auctions recording a successful result this quarter, up from 45.4 per cent across 12,372 the previous quarter.</p>
<p>Over the March 2018 quarter, both auction volumes and the clearance rate were higher with 9,488 homes taken to auction returning a clearance rate of 68.4 per cent.</p>
<p> </p>
<p><img class="size-full wp-image-133090 aligncenter img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/a32.jpg" alt="A32" width="391" height="444" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/a32.jpg 391w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/a32-264x300.jpg 264w" sizes="(max-width: 391px) 100vw, 391px" /></p>
<div class="a-single a-102"><strong><a href="https://wealthretreat.com.au/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/together_Wealth-retreat2019-mina.jpg" alt="wealth-retreat_hor" title="" /></a></strong></div>
<p> </p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-37334931904539842202019-04-20T23:12:00.001-07:002019-04-20T23:12:27.709-07:00Everything You’ve Been Led to Believe About the Rich is a Myth<p><strong>Back in 2004, when I began my research to find out why the rich were rich and why the poor were poor, I’ll confess, I hated rich people.</strong></p>
<p>I had some entrenched negative beliefs about the wealthy that I inherited from my upbringing. <img class="alignright size-medium wp-image-50380 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/mind-set-rich-money-lesson-think-motivational-learn-teach-money-300x205.jpg" alt="mind set rich money lesson think motivational learn teach money" width="300" height="205" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/mind-set-rich-money-lesson-think-motivational-learn-teach-money-300x205.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/mind-set-rich-money-lesson-think-motivational-learn-teach-money-1024x701.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/mind-set-rich-money-lesson-think-motivational-learn-teach-money-1160x794.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/mind-set-rich-money-lesson-think-motivational-learn-teach-money.jpg 1460w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>As I uncovered more and more about the causes of wealth and poverty, however, my hatred of rich people began to fade.</p>
<p>When I finally completed my research in 2009, this hatred had transformed into admiration.</p>
<p>Almost everything I had been led to believe about the wealthy was a myth.</p>
<p>I thought I’d share some of those revelations with you and dispel the myths I embraced for much of my adult life.</p>
<p>Let’s begin.</p>
<h4>Myth #1: Rich People Inherited Their Money</h4>
<p><img class="alignright size-medium wp-image-55430 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/will-testament-legal-power-of-attorney-death-taxes-estate-plan-law-300x200.jpg" alt="will testament legal power of attorney death taxes estate plan law" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/will-testament-legal-power-of-attorney-death-taxes-estate-plan-law-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/will-testament-legal-power-of-attorney-death-taxes-estate-plan-law-1024x682.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/will-testament-legal-power-of-attorney-death-taxes-estate-plan-law-1160x773.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/will-testament-legal-power-of-attorney-death-taxes-estate-plan-law.jpg 1500w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>“Old money”.</p>
<p>That’s what I used to hear growing up.</p>
<p>The rich were rich because of old money.</p>
<p>Boy, is that a myth. In my study, 82% of the wealthy did not inherit anything.</p>
<p>Nada, zip, zero. In fact, 76%, or 177 of the wealthy in my study, were self-made millionaires.</p>
<p>31% came from poor households and 45% came from middle class households.</p>
<p>Only 24% of the rich in my study were raised in wealthy households.</p>
<h4>Myth #2: Rich People Don’t Have to Work Hard</h4>
<p>According to my Rich Habits study, one of the reasons the wealthy accumulated so much wealth was due to the fact that they worked more hours than those who were not rich. Here’s some of the data: </p>
<div class="g g-45">
<div class="g-single a-49"><a href="http://richhabitspoorhabits.com/" target="_blank"><img src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/03/adrotate-group_45.jpg" alt="ad_rhph" title="ad_rhph" /></a></div>
</div>
<ul>
<li>44% of the wealthy worked 11 hours more each week than the poor.</li>
<li>86% of the wealthy who had full time jobs, worked 50 hours or more each week, whereas 57% of the poor who had full-time jobs, worked less than 50 hours each week.</li>
<li>88% of the wealthy took fewer sick days than the poor.</li>
<li>79% of the wealthy, on top of their extended work hours, networked 5 or more hours each month. 55% of this networking was done during their lunch hour.</li>
<li>65% of the wealthy were working so many hours, in part, because they had 3 sources of income to manage. 45% had 4 sources of income. Only 6% of the poor had more than one source of income.</li>
<li>67% of the wealthy watched less than an hour of T.V. a day, whereas 77% of the poor watched more than an hour of T.V. a day.</li>
<li>63% of the wealthy spent less than an hour a day on the Internet. 74% of the poor spent more than an hour a day on the Internet.</li>
</ul>
<p>I initially thought this disparity in work hours, between the rich and the poor, was in large part due to the fact that 91% of the wealthy in my study were decision makers, which carries with it more responsibility and, thus, more work hours.</p>
<p>But that’s not the case.</p>
<p>According to the Census Bureau, the average wealthy household (defined by the IRS as the top 20% of income earners in the U.S.) worked five times as many hours as the average poor household.</p>
<p>The cause?</p>
<p>Single-parent households and high unemployment among poor households.</p>
<h4>Myth #3: Rich People Pay Less in Income Tax Than Everyone Else</h4>
<h4><img class="alignright size-medium wp-image-27096 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2014/06/tax_return_360_18s4kr3-18s4ksi-300x225.jpg" alt="tax_return_360_18s4kr3-18s4ksi" width="300" height="225" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2014/06/tax_return_360_18s4kr3-18s4ksi-300x225.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2014/06/tax_return_360_18s4kr3-18s4ksi.jpg 360w" sizes="(max-width: 300px) 100vw, 300px" /></h4>
<p>According to the IRS, the income tax rate for the top 1% of earners in the U.S. is 22.83% whereas, the top 50% of income earners in the U.S. pay 14.33%.</p>
<p>The bottom 50% of income earners in the U.S. pay just 3%.</p>
<p>The top 1% of income earners in the U.S. pay 45.7% of the entire 100% of income tax collected by the IRS.</p>
<p>1% are carrying nearly 46% of the tax bucket for the other 99%.</p>
<p>If anyone can make a case about the unfairness of our tax system, it’s the rich.</p>
<h4>Myth #4: The Rich Are Rich Because They Just Got Lucky</h4>
<p>Only 8% of the self-made millionaires in my study said they accumulated their wealth because of random good luck. 92% said random good luck had nothing at all to do with their wealth.</p>
<p><span style="line-height: 1.5em;">While this 92% acknowledged that luck was a factor in the accumulation of their wealth it was a different type of luck that they called “Opportunity Good Luck”. </span></p>
<p>This is a unique type of luck that is the byproduct of their hard work, persistence and habits.</p>
<p>This 92% never quit. They never gave up.</p>
<p>Even when they failed, and 27% failed at least once in business, they picked themselves up, figured out what went wrong and tried again.</p>
<h4>Myth #5: The Rich Are Better Educated <img class="alignright size-medium wp-image-56263 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/book-learning-motivation-success-education-teach-lesson-success-step-journey-life-psychology-read-300x239.jpg" alt="book learning motivation success education teach lesson success step journey life psychology read" width="300" height="239" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/book-learning-motivation-success-education-teach-lesson-success-step-journey-life-psychology-read-300x239.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/book-learning-motivation-success-education-teach-lesson-success-step-journey-life-psychology-read-1024x816.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/book-learning-motivation-success-education-teach-lesson-success-step-journey-life-psychology-read-1160x925.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/11/book-learning-motivation-success-education-teach-lesson-success-step-journey-life-psychology-read.jpg 1254w" sizes="(max-width: 300px) 100vw, 300px" /></h4>
<p>While 68% of the rich in my study obtained a college degree, 110, or 69%, went to a public institution.</p>
<p>32% of the wealthy did not even obtain a college degree.</p>
<p>And 36% of the self-made millionaires (57 of the 177 self-made millionaires) never obtained a college degree.</p>
<p>Of those 158 of the wealthy who got a college degree, 73, or 46%, paid their own way through college and 23% of them went to college part-time, while they worked.</p>
<h4>Myth #6: Rich People Are Not Charitable and Hate Poor People</h4>
<p>I really struggled with this one because I believed from my upbringing that the wealthy were selfish and greedy with their money and despised poor people.</p>
<p>Boy was I wrong.</p>
<p>62% of the wealthy said they contributed 5-10% of their net income to charity.</p>
<p>Many of the charities they supported included the community food bank, homeless shelters, means-based scholarship programs and organizations that benefited poor children.</p>
<p>But they didn’t stop there. 72% volunteered five hours or more a month for some charity.</p>
<p>Their volunteer work included helping to run the charities, either through board membership, or as part of the various committees.</p>
<h4>Myth #7: Money Does Not Buy Happiness <img class="alignright size-medium wp-image-58496 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/12/person-people-personality-mind-happy-sad-angry-psychology-think-man-300x172.jpg" alt="Masked" width="300" height="172" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/12/person-people-personality-mind-happy-sad-angry-psychology-think-man-300x172.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/12/person-people-personality-mind-happy-sad-angry-psychology-think-man-1024x587.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/12/person-people-personality-mind-happy-sad-angry-psychology-think-man-1160x666.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></h4>
<p>I must have heard my mom say this a thousand times growing up. I just assumed that rich people were miserable saps.</p>
<p>Another erroneous belief.</p>
<p>82% of the wealthy in my study said they were happy. 94% of those who were happy, said they were happy because they liked or loved what they did for a living.</p>
<p><span style="line-height: 1.5em;">When I thought about the extravagant lifestyles of the wealthy I envisioned private jets, yachts, luxurious vacations, expensive cars, etc. Wrong again.</span></p>
<h4>Myth #8: Rich People Live Extravagant Lifestyles</h4>
<p>Fortunately, I gathered a great deal of data on the spending habits of the rich.</p>
<p>Here’s some of that data: <img class="alignright size-medium wp-image-64358 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/04/rich-300x169-300x169.jpg" alt="rich-300×169" width="300" height="169" /></p>
<ul>
<li>67% said they were frugal with their money. It’s easy to hate the wealthy</li>
<li>8% still shopped at goodwill stores.</li>
<li>30% clipped coupons.</li>
<li>92% never vacationed on a yacht.</li>
<li>55% of the wealthy spent less than $6,000 a year on their vacations. Only 23% admitted to spending $10,000 or more on their annual vacations. Most of those 23% were those who inherited their wealth.</li>
<li>87% said they never purchased a new luxury car in their lives.</li>
<li>44% said they purchase a used car every five years.</li>
</ul>
<p>Most in our country grew up poor or middle class and many of the poor and middle class were indoctrinated with beliefs that the wealthy are not good people.</p>
<p>Parents, the public school system and many politicians teach our children that the wealthy are corrupt, greedy, have too much wealth and that, for the good of society, this wealth should be redistributed.<img class="alignright size-full wp-image-46831 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/06/rich-poor.jpg" alt="rich poor wealth income gap" width="300" height="300" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/06/rich-poor.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/06/rich-poor-150x150.jpg 150w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>What kind of a message do you think that sends to America’s future generation?</p>
<p><strong>It is teaching them that seeking financial success is a bad thing.</strong></p>
<p>The Occupy Wall Street movement was a manifestation of this “pursuing wealth is bad and wealth needs to be redistributed mindset.”</p>
<p>The fact is, the rich are rich for a lot of reasons.</p>
<p>And most of those reasons are hard work, persistence, good habits, good decision making, frugal living, living below their means and building strong, powerful relationships with other success-minded people.</p>
<p>We need to view self-made millionaires for what they are – American Dream achievers who should be honored and not reviled.</p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-76601234036189337142019-04-20T22:32:00.001-07:002019-04-20T22:32:05.707-07:00One bedroom or two? When it comes to apartments, size does matter<p><strong>Be careful… a new wave of sub standard 1 bedroom apartments is set to catch some investors out.</strong><b style="font-size: 14px; line-height: 1.5em;"><br />
<img class="alignright size-medium wp-image-72781 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/35519396_s-300x200.jpg" alt="apartment" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/35519396_s-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/35519396_s.jpg 450w" sizes="(max-width: 300px) 100vw, 300px" /></b></p>
<p>Whether or not property investors should consider adding a one bedroom apartment to their portfolio is not just a question of demographics and demand these days – in other words, whether a market exists for smaller properties – but also whether you’ll be able to finance the asset.</p>
<p>Lenders are increasingly cautious as a veritable deluge of new one bedroom apartment stock is on the brink of saturating the Sydney, Brisbane and <span style="color: #000000;"><a href="https://propertyupdate.com.au/property-investment-melbourne/" target="_blank"><span style="color: #000000;">Melbourne CBD property markets</span></a>.</span></p>
<p>Australia’s recent property ‘boom’ has encouraged cashed up local and international developers to build relatively ‘cheap’ generic high rise apartment buildings, and then spruik them to punters as <span style="color: #000000;"><a href="https://propertyupdate.com.au/plan-properties-bust-way-invest-today-shannon-davis/" target="_blank"><span style="color: #000000;">off the plan property investments</span></a>.</span></p>
<p>‘Micro apartments’ are popping up at a rabbit-like rate in vertical monoliths across our major city skylines; with some projects marketed specifically as student or furnished corporate accommodation, where the promise of ‘guaranteed rent returns’ is used to entice novice investors.</p>
<h2>But the banks are wary</h2>
<p>Lenders are getting nervous about the sheer volume of smaller, high-rise apartment stock (particularly anything purpose built) being targeted at investors and in particular, those wanting to acquire assets within self managed super funds. <img class="alignright size-medium wp-image-55360 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/money-hand-over-australia-borrow-cash-wealth-mortgage-loan-building-300x200.jpg" alt="Hands of businessman passing Australian dollar (AUD) banknote wi" width="300" height="200" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/money-hand-over-australia-borrow-cash-wealth-mortgage-loan-building-300x200.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/money-hand-over-australia-borrow-cash-wealth-mortgage-loan-building-1024x682.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/money-hand-over-australia-borrow-cash-wealth-mortgage-loan-building-1160x773.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/10/money-hand-over-australia-borrow-cash-wealth-mortgage-loan-building.jpg 1500w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Anything under 40 square metres is generally a no-go zone for wary lenders, who know the unfavourable resale prospects for such restrictive accommodation in terms of liveability (for tenants or owner occupiers), make this a risky prospect to take on as security over a mortgage.</p>
<p>Then there’s the likelihood that your valuation on settlement will come in lower than the original purchase price, giving lenders yet another reason to decline finance on such a deal.</p>
<p>Adding to the problem are a number of accountants and financial planners, especially those who ‘specialise’ in self managed super funds, who get paid generous commissions (sometimes as much as $30,000 per client) to on-sell developer’s apartment stock.</p>
<p>These less than scrupulous ‘professionals’ target unsuspecting investors who believe they’re being given ‘advice’, when really they’re just getting a cleverly dressed up sales pitch.</p>
<h2> Quality over quantity</h2>
<p>By now you’re probably thinking that investing in anything with less than two bedrooms is not even an option.</p>
<p>This could be confusing for some as I’ve written about why <a href="https://propertyupdate.com.au/why-apartments-might-be-a-better-investment/">apartments make great investments</a> and about the increasing number of <a href="https://propertyupdate.com.au/a-surge-of-singles-hits-sydneys-inner-suburbs/">downsizing baby boomers and young professional singles</a> and couples, who want low maintenance, compact inner city homes these days.</p>
<p>The facts is, a one bedroom apartment can be a <span style="color: #000000;"><a href="https://propertyupdate.com.au/smart-investors-use-ripple-effect/"><span style="color: #000000;">smart investment</span></a></span> so long as, like with any other property, it meets certain parameters to ensure long term potential for exceptional capital growth. </p>
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<p><strong>Of course you need to be able to finance your purchase as well, so never look at anything less than 50 square metres in size. </strong></p>
<p>I know I said 40 was the banks’ no-go zone, but between 40 and 50 is a grey area you’re better off staying well away from.</p>
<p>Adding to this problematic ‘grey area’ is the ongoing dispute between developers and their sales agents and surveyors, who have vastly different ideas about where you measure to determine an apartment’s size.</p>
<p>The former like to use external perimeter walls to make their product seem bigger in those glossy marketing brochures, whereas the latter (and the lenders they work for) staunchly measure from inside the premises.</p>
<p>You can see how this distinction could cause the finance process to get very messy indeed.</p>
<h2>So what makes for a good ‘smaller’ apartment investment? <img class="alignright size-medium wp-image-50451 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/apartment-city-move-plan-city-building-inspect-urban-300x199.jpg" alt="apartment city move plan city building inspect urban" width="300" height="199" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/apartment-city-move-plan-city-building-inspect-urban-300x199.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/apartment-city-move-plan-city-building-inspect-urban-1024x679.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/apartment-city-move-plan-city-building-inspect-urban-1160x770.jpg 1160w, https://puassets.s3.amazonaws.com/wp-content/uploads/2015/08/apartment-city-move-plan-city-building-inspect-urban.jpg 1506w" sizes="(max-width: 300px) 100vw, 300px" /></h2>
<p>Let me be clear…I do like <span style="color: #000000;"><a href="https://propertyupdate.com.au/apartments-vs-houses-makes-better-investment/"><span style="color: #000000;">apartments as investment properties</span></a>.</span></p>
<p>They make those highly desirable inner suburban postcodes that outperform (long term) capital growth averages more affordable to crack for beginning investors, and give seasoned punters nice little development projects.</p>
<p>Look for something in a sought after inner suburban neighbourhood rather than smack bang in the middle of the CBD.</p>
<p>Generally people want to be near the action and their employment, but not sleeping on the doorstep of their corporate office tower.</p>
<p><strong>As far as amenity goes, you want an apartment with a minimum area of 50 plus square metres (internally) and at least one or two bedrooms that has:</strong></p>
<ul>
<li>a liveable floor plan and loads of natural light,</li>
<li>good storage space,</li>
<li>an outside balcony,</li>
<li>on-site car parking,</li>
<li>good aspect in terms of proximity to infrastructure and amenity (anything near the water usually does better),</li>
<li>character and aesthetic appeal.</li>
</ul>
<p>With regard to the last point, I tend to steer clients who are after an apartment investment toward smaller, boutique buildings, avoiding high-rise generic stock like the plague.<img class="alignright size-medium wp-image-77499 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/building-1080271_1920-300x214.jpg" alt="building-1080271_1920" width="300" height="214" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/building-1080271_1920-300x214.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/building-1080271_1920-768x548.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/building-1080271_1920-1024x731.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/12/building-1080271_1920-1160x828.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Apartments built in the sixties, seventies or and eighties in need of cosmetic improvements or updated kitchens and bathrooms are often great little finds, because they tend to be roomier, with better flexibility around layout.</p>
<p>Of course you also have the capacity to manufacture capital growth by undertaking small refurbishments, as well as increasing your rental returns.</p>
<p>I guess the take home message is not to discount apartments as an investment choice, but to be very selective about what you’re purchasing, where it’s located and who is selling it to you; keeping in mind the goal is to acquire an exceptional asset, not a property investment lemon.</p>
<p><span style="font-size: 14px; line-height: 1.5em;"> </span></p>
Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-15212470423717616222019-04-20T22:03:00.001-07:002019-04-20T22:03:16.442-07:00Another 12 Inspiring Quotes To Start Your Week<p><strong>It’s Monday again so here’s another collection of the 12 inspiring quotes to help get your week off to a good start:</strong></p>
<p>1. “Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbour. Catch the trade winds in your sail. Explore. Dream. Discover.” —Mark Twain</p>
<p>2. “You yourself, as much as anybody in the entire universe, deserve your love and affection.” —Buddha</p>
<p><img class="aligncenter size-full wp-image-91216 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-88.png" alt="Pablo (88)" width="1024" height="512" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-88.png 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-88-300x150.png 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-88-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>4. “I wish I could show you, when you are lonely or in darkness, the astonishing light of your own being.” —Hafiz</p>
<p>5. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” —Ralph Waldo Emerson</p>
<p>6. “I’ve finally stopped running away from myself. Who else is there better to be?” —Goldie Hawn</p>
<p><img class="aligncenter size-full wp-image-91217 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-89.png" alt="Pablo (89)" width="1024" height="512" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-89.png 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-89-300x150.png 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-89-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>8. “Don’t be satisfied with stories, how things have gone with others. Unfold your own myth.” —Rumi</p>
<p>9. “When you’re different, sometimes you don’t see the millions of people who accept you for what you are. All you notice is the person who doesn’t.” —Jodi Picoult</p>
<p>10. “Because one believes in oneself, one doesn’t try to convince. Because one is content with oneself, one doesn’t need others’ approval. Because one accepts oneself, the whole world accepts him or her.” —Laozi</p>
<p>12. “As soon as you trust yourself, you will know how to live.” —Johann Wolfgang von Goethe</p>
<h2>And your bonus for this week:</h2>
<p><img class="aligncenter size-full wp-image-91215 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-87.png" alt="Pablo (87)" width="1024" height="512" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-87.png 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-87-300x150.png 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2017/08/pablo-87-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
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Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-9259357133412273352019-04-20T20:22:00.001-07:002019-04-20T20:22:10.362-07:00The latest construction stats and trends<p>Looking at the latest ABS building activity stats the most notable change in the landscape of dwelling commencements over recent years has been the lift in apartment starts and, more recently, their fall.</p>
<p>Here are some other highlights :<img class="alignright size-medium wp-image-128013 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/12/falling-house-prices-300x169.jpg" alt="Falling House Prices" width="300" height="169" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2018/12/falling-house-prices-300x169.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2018/12/falling-house-prices.jpg 757w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<ul>
<li>Significant slowdown in dwelling commencements over the quarter</li>
<li>House starts fall 7.6% – their lowest level (27,088) since March 2017.</li>
<li>Unit commencements record a much larger -26.8% decline to 19,134 commencements and fewest over a quarter since September 2013 – largest quarterly decline in commencements since September 1974 when they fell -32.5%.</li>
<li>Despite the falls both house and unit commencements remain above their long-term average.</li>
</ul>
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The Australian Bureau of Statistics (ABS) recently released the quarterly Building Activity data for December 2018.
<p>The release is a treasure-trove of data and includes information on dwelling commencements, dwelling completions, dwellings under construction and dwellings approved for construction but not commenced.</p>
<p>This release has published very valuable data on the number of units commenced by the number of storeys.</p>
<p><img class="aligncenter wp-image-133149 size-full img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Quarterly-number-of-new-houses-and-units-that-commenced-construction.png" alt="Quarterly Number Of New Houses And Units That Commenced Construction" width="602" height="230" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Quarterly-number-of-new-houses-and-units-that-commenced-construction.png 602w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Quarterly-number-of-new-houses-and-units-that-commenced-construction-300x115.png 300w" sizes="(max-width: 602px) 100vw, 602px" /></p>
<p>In terms of dwelling commencements, there was a significant slowdown over the quarter.</p>
<p>In fact, house starts fell 7.6% over the quarter to their lowest level (27,088) since March 2017.</p>
<p>Unit commencements recorded a much larger -26.8% decline to 19,134 commencements, the fewest over a quarter since September 2013 and the largest quarterly decline in commencements since September 1974 when they fell -32.5%.</p>
<p>Despite the falls both house and unit commencements remain above their long-term average.</p>
<p><img class="aligncenter size-full wp-image-133150 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Quarterly-unit-commencement-by-state.png" alt="Quarterly Unit Commencement By State" width="602" height="230" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Quarterly-unit-commencement-by-state.png 602w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Quarterly-unit-commencement-by-state-300x115.png 300w" sizes="(max-width: 602px) 100vw, 602px" /></p>
<p>The most notable change in the landscape of dwelling commencements over recent years has been the lift in apartment starts and more recently their fall.</p>
<p><img class="alignright size-medium wp-image-72317 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/49516757_l-300x180.jpg" alt="construction" width="300" height="180" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/49516757_l-300x180.jpg 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/49516757_l-768x461.jpg 768w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/49516757_l-1024x614.jpg 1024w, https://puassets.s3.amazonaws.com/wp-content/uploads/2016/09/49516757_l-1160x696.jpg 1160w" sizes="(max-width: 300px) 100vw, 300px" />The increase in higher density construction has primarily been driven by the three most populous states, or more specifically, the capital cities of each of those states.</p>
<p>Over the past five years, every state and territory has seen unit commencements reach historic high levels, demonstrating a clear shift towards higher density development (that isn’t to say that detached housing construction hasn’t also climbed significantly over the period).</p>
<p>More recently, as the housing market has turned and values have started to fall we can see there is a reduced preparedness of developers to commence new projects.</p>
<p>We would expect that commencements, particularly for units, are likely to continue to trend lower over the coming quarters as housing values continue to record value falls, finance remains tight, and both domestic and foreign investors remain light on the ground.</p>
<p><img class="aligncenter size-full wp-image-133151 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Annual-unit-commencements-by-height-National.png" alt="Annual Unit Commencements By Height National" width="602" height="230" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Annual-unit-commencements-by-height-National.png 602w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/04/Annual-unit-commencements-by-height-National-300x115.png 300w" sizes="(max-width: 602px) 100vw, 602px" /></p>
<p>In the latest Building Activity release the ABS published a further breakdown of annual unit commencements by the height of the building.</p>
<p>While the number of commencements has climbed significantly over recent years, it is interesting to note that commencements of units in a 1-3 storey block has been relatively steady. Anecdotally, the demand/supply ratio of medium density dwellings remains much healthier relative to high density products.</p>
<p><img class="alignright size-medium wp-image-63888 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2016/04/Residential_Buildings-300x224-300x224.jpg" alt="Residential_Buildings-300×224" width="300" height="224" /></p>
<p>Conversely, there has been significant increases in commencements of taller buildings over recent years with commencements now beginning to ease.</p>
<p>This reflects both the unit construction boom and also the fact that as the cost of acquiring sites has increased developers have sought approvals for taller buildings in an effort to maximise their yield and to recoup acquisition costs and maximise profits.</p>
<p>With dwelling commencements expected to continue to fall, the decline doesn’t negate the fact that many developers have paid high prices to acquire sites.</p>
<p>As a result we would expect that despite an expectation of fewer commencements going forward, those projects that do commence will largely be taller apartment projects.</p>
<p>Notwithstanding that expectation, larger projects are generally riskier for the developer and achieving sufficient presales to commence a project is more of a challenge when there are more units to sell.</p>
<p>In order to maintain profitability of projects it is highly likely that as values continue to decline that dwelling commencements will continue to fall.</p>
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Anonymoushttp://www.blogger.com/profile/08544237637657569399noreply@blogger.com0tag:blogger.com,1999:blog-4527113934630320275.post-56587523280050978922019-04-20T19:37:00.001-07:002019-04-20T19:37:26.527-07:00These are the richest postcodes in Australia [infographic]<p><strong>Have you ever wondered where the country’s wealthiest postcodes are?</strong></p>
<p>Well I’ll tell you the answer, based on recently released ATO tax statistics for 2016 and 2017 as reported in <a href="https://au.finance.yahoo.com/news/richest-postcode-every-state-000702090.html?" target="_blank" rel="noopener noreferrer">Yahoo Finance</a>.</p>
<p>You will also be able to see where you fit in with the top 10 highest paying paying jobs.</p>
<h2>Richest postcodes</h2>
<p>While for the last seven years the Darling Point and Edgecliff area of Sydney (2027) was previously the suburb with the highest average taxable income in Australia, residents in the New South Wales district of Palm Beach took out the top spot.</p>
<p><img class="aligncenter size-full wp-image-132021 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-postcode.png" alt="Top Postcode" width="689" height="690" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-postcode.png 689w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-postcode-150x150.png 150w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-postcode-300x300.png 300w" sizes="(max-width: 689px) 100vw, 689px" /></p>
<p><img class="aligncenter size-full wp-image-132020 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-postcode-2.png" alt="Top Postcode 2" width="678" height="687" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-postcode-2.png 678w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-postcode-2-296x300.png 296w" sizes="(max-width: 678px) 100vw, 678px" /></p>
<p style="text-align: center;"><em><a href="https://au.finance.yahoo.com/news/richest-postcode-every-state-000702090.html?" target="_blank" rel="noopener noreferrer">Source: Yahoo Finance</a></em></p>
<h2> The top 10 jobs</h2>
<p>The top ten highest-earning occupations have also been revealed by the Australian Taxation Office (ATO), and five of them are in the medical or health industry.</p>
<p><img class="aligncenter size-full wp-image-132023 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-paying-jobs.png" alt="Top Paying Jobs" width="960" height="960" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-paying-jobs.png 960w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-paying-jobs-150x150.png 150w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-paying-jobs-300x300.png 300w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-paying-jobs-692x692.png 692w" sizes="(max-width: 960px) 100vw, 960px" /></p>
<p><img class="aligncenter size-full wp-image-132022 img-responsive" src="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-paying-jobs-2.png" alt="Top Paying Jobs 2" width="689" height="822" srcset="https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-paying-jobs-2.png 689w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-paying-jobs-2-251x300.png 251w, https://puassets.s3.amazonaws.com/wp-content/uploads/2019/03/Top-paying-jobs-2-580x692.png 580w" sizes="(max-width: 689px) 100vw, 689px" /></p>
<p style="text-align: center;"><em><a href="https://au.finance.yahoo.com/news/revealed-top-10-highest-paying-jobs-australia-003411960.html?" target="_blank" rel="noopener noreferrer">Source: Yahoo Finance</a></em></p>
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