My recent blog article about property prices falling by 20% received an overwhelming response, both positive and some negative. Those most upset with me were the Queensland property developers trying to flog their sub-standard projects to unsuspecting Sydney and Melbourne investors. And I’m sure you will agree with me when I say that the care-factor was low… lol. Anyway, … [Read more...]
Property prices predicted to fall by 20%
Did you get a chance to read the article in the Financial Review on 26 October 2018 titled ‘More than 350,000 households at risk of negative equity’? It’s a very enlightening article especially for first home buyers purchasing property on the fringes of capital cities. This is where most house and land packages are being sold to first home buyers and due to the lack of … [Read more...]
Better ways to structure finances so the banks say ‘YES’ more often!
I recently sent out an email to my audience about the banks and got surprising feedback. It appears that many of you are struggling with finance and need help. Obviously being on this mailing list and reading my blog on this website, you are eager to make the most of your cash flow and want to learn better ways to structure your finances. After all, why throw more money … [Read more...]
Thinking That A High Credit Card Limit Is Good
I often talk to investors about credit cards because the fact of the matter is, many people don’t realise just how toxic they can be for your property investing success. In many cases, credit cards can be a necessary evil – they make it easy to purchase goods online and can help you to streamline your household bills by setting up direct debits. But I want to give you a … [Read more...]
Not Appreciating Depreciation
I have met some successful people along my journey to financial abundance. A few years ago I met a highly successful, enormously wealthy developer who made his fortune by buying land, developing it and selling it at a sizeable profit. He was obviously very good at it because the process that he used was responsible for his significant wealth. His net worth had more zeros … [Read more...]