Articles

“Never depend on a single income. Make investments to create a second source”

– Warren Buffet

How DO you create a second source of income simply with minimal effort?

If you’re looking for a way to boost your earnings without drastically changing your lifestyle or career, consider short-term accommodation rental for your Sydney home or investment property.

Death, divorce, public speaking and … bidding for a property at an auction. For many people, there’s not much more terrifying in life.

There is the fear of being forced to pay more than a property is worth, and also the fear of missing out on a property that definitely suits you.

Buying a property is an emotional experience, because it’s probably the biggest investment you’ll make in your whole life.

As you can see from this cartoon from October 2002, they have been talking about the housing bubble since John Howard and Peter Costello ran the country. Actually long before then.

So how have things progressed since?

Would you have liked to have bought a property at 2002 prices?

If you often read property investment articles or watch the media, you will hear the term “Property Hotspot” often used to describe a region or little known property market about to ‘boom’.

It can sound exciting to make quick money with property, and the description of the opportunity is designed to stimulate investors to rush in and buy, before prices take off and the opportunity is lost.