Articles

So often, investors get so lost in all the detail of property, that it prevents them from seeing the big picture, and ultimately the most important concept of Property Investing.

This often leads to confusion, indecision, and a lack of taking action, the worst enemy of any investor.

Call me biased, but I genuinely believe property is by far, one of the best investments one could ever make. The ability to safely leverage to accumulate a large asset base of growth assets is the main reason this is true. Along with property’s ability to provide a steady passive income, the tax benefits, the compounding growth, ability to add value, low risk, tangibility etc.

Australian millionaires hold more than 40% of their wealth in property (according to the 18th annual World Wealth Report)

Purchasing a property is probably one of the biggest investments, if not THE biggest investment you will make in your whole life. It still surprises me how seemingly intelligent and educated buyers will attend an Auction with the ‘I’m just going to see how it goes’ plan.

They may have inspected the property a few weeks earlier and liked it, but were too busy to follow up, and in the final days before Auction, were convinced by the persuasive selling agent to attend the auction, with comments like “The owners are very keen to sell, and have bought elsewhere, they will take whatever the market offers on the night, if you have at least $x ( x = lower than it will really sell for) , you should definitely be there or you will miss out on a great buy!”

The Sydney median property price has risen by 14.87% in the 12 months to March 2014 (source RP Data)

This equates to $2159 per week! (Based on a median priced property of $755, 000)

This sounds quite unbelievable when you break it down, but if you talk to people who have been looking to buy, or you ask a Real Estate Buyer’s Agent, they will be able to give you specific examples of properties selling for even more than the above percentage, than what they were selling for 12 months ago.