APRIL | 2013 PROPERTY INVESTING IS NOT A GAME BUT YOU STILL NEED TO LEARN THE RULES
IN THIS ISSUE: Monthly Highlights
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Reports you should read
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Magazine Summaries
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Magazine Summaries cont.
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Apps and resources
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MONTHLY HIGHLIGHTS What can we learn from Monopoly? On holidays recently we decided after the third raining day that it was time to break out the SHREK edition of Monopoly. Our 5 year old wanted to know how you win. After a bit of thought I decided that the easiest explanation was this:
“Buy as many properties as you can, as you can afford them, in the best positions you can get them. If you buy well then just get on with the game and watch the rent come in.” In fact is property investing is not simple. We need to consider many other aspects but essentially it does boil down to the simple explanation above. Why not pull out monopoly on the next raining day and enjoy. Last month I pulled the 5 courses that make up the Your Property Success Education System off the market. It is exciting to hear from those doing the course how much they have got out of them already. I am sorry to all those who emailed me and begged to get access after we closed. As one person said “wow you are true to your word I thought it was just a gimmick” nope the courses are no longer available to the public. As part of the ‘un-launch’ of those courses I did a webinar that you might be interested in – you can view it by clicking here – I discussed if it really was possible to make a $1 million with property. Over the last 3 months I have been on renovation sites and in the studio filming my latest course – a complete how to renovation online video course. It looks fabulous. We are still a few months away from sharing this however, in the next few weeks I am going to be calling for testers. So if you want complimentary access to what I believe is going to be one of the best courses you will ever see then go register now by clicking here and get an extra special gift. One of the experts contributing to the course is John Edwards, Founder of Residex. I had him share the top 5 suburbs throughout Australia where there is potential to make a profit from renovation – register now and get the interview. Till next month. Jane Slack-Smith
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Reports you should read Herron Todd White I believe this is a report that everyone should read. It is a fantastic review of what is happening in capital cities and regional areas for residential and commercial property. This should be your first port of call each month on what is happening in the market. You can download the report here CLICK HERE to download
HIA Report of the Future of House Prices The Housing Industry Association releases regular media updates on the market. This month they put out a white paper on House Price Movements. An interesting read, essentially they believe that prices will remain steady. Click here to get their newsletters.
Genworth Streets Ahead Report I always look forward to this report as it gives a great overview of what is happening across the Australian property market. Well researched, easily readable, check it out! Click here
RP Data Watch this 10 min video – for a quick recap on the market – it seems the markets are rebounding. Growth trend continues with capital city dwelling values rising 1.3% in March With Australia's housing market experiencing a mild recovery over the past twelve months, the country's eight capital cities have recorded growth of 1.3% over the month of March.
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Magazine Summaries and Reviews for the Month Money Magazine So how much do you need to buy a property? Many just think they need to cover the deposit and stamp duty. In fact there are a few other costs you need to consider, this month Maria Bekaris covers these for you. There is also a great article on doing a quick reno on your home and how to buy a property in your Self-Managed Super Fund. Check out the reader offer on the last page – a great offer from Terry Ryder and Hotspotting
Your Investment Property Magazine I hope you have signed up for the newsletters from your favourite property magazine. This month YIP shared this great article on areas with the greatest rental yields. Check it out here – I have to admit a 20% rental yield is attractive. This links nicely into one of the articles in the magazine this month – buying in dodgy areas and getting good results. Next month’s edition is hitting the stands next week and I look forward to the article on investing with little or no deposit - more on that next month.
Australian Property Investor Magazine This is it! The Top 140 locations throughout Australia. This is a great read . They give you a complete suburb/town overview plus the key drivers and the people who this area would most likely suit. Ie home owner, renovator, cash flow investor. These categories allow you to quickly find the areas that suit your specific strategy and buying criteria. If you are a commercial investor there is even something for you. There is a great article on Rachel Barnes in the ‘where are they now’section. Rachel and her husband bought 75 rentals in 64 months then tried their hand buying in Europe and the USA. I love these articles. Personally I was thrilled to see in the NSW review of Kensington and Kingsford wrt the new light rail going to the university. As you might know I think buying near hospitals and unis and infrastructure is a good option, that is why I bought a few properties their years ago.
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Smart Property Investor Yes that is my face on the cover! In this issue I share how I created 45% equity growth in just 10 days. I did this using two of my strategies of the Trid3nt® Strategy. 1. Buy below the market and 2. Renovate. I look forward to sharing my story with you. So go grab the magazine before it sells out! Another great magazine this month full of short sharp articles that are easy to read.
***Competition – help me name my new course*** I have been busily working on my new online video renovation course. However I can’t decide on a name. It needs to be short and sharp and describes everything that the course offers. I need your help and I will make it work your while. If I choose your name you will get access to my Your Property Success system – yes the 5 courses I just pulled off the market. With a retail price of $1497 this is a top prize. To help you help me here is a brief run down on the course: There are 12 online video modules. Unlike other courses I actually go on site and show you how to inspect a property for renovation potential, and I then run through an entire cosmetic AND structural renovation. Yes I mean every step of the way, how to remove plaster, realign walls, resurface bath tubs, you get the picture. I look at all the renovation strategies, buy reno hold AND Flipping ie buy reno and sell. All in all this is the best reno course I have seen I can’t wait to share it with you. Just check out the intro video! But what do we name it? Send me your thoughts jane@yourpropertysuccess.com.au
Looking for a great gift? If you have not got a copy of my latest book yet – then this might be just the thing to make your 2013 goals a reality http://yourpropertysuccess.com.au/book/. Order now and you’ll receive free postage and a free e-book; “Renovation Tips and Tricks”.
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Websites, Apps & Subscriptions you should sign-up for (mostly free) Apps for mobile devices seem to be the latest thing – there are certainly a lot of companies investing big bucks in free apps; I think they will become the new business card of the future so watch this space. Let us know about any you’ve found helpful enquiries@yourpropertysuccess.com.au
Bank Apps Ok it seems every bank has an app these days – I have to admit I think the Westpac iPad app is better than their website. So why not check them out – whilst there check out the additional apps they offer: ANZ – Property Tracker St George – Property Mate CBA – Property Guide Westpac – Home Finder Speaking of banks – if you live in Melbourne you just need to drop into Investore 233 Collins St. This is Bank of Melbourne’s flagship investment store. Not only do you get FREE access to the Eureka Report but you can request Domain Property Reports – these are usually $65. With cute sound pods with iPads setup for you to take a load off and catch-up with investment news I can’t think of a better place to checkout if you are nearby. Check it out http://www.theinvestore.com.au/
Disclosure – I purchase with my own money many courses and reports and I give my personal thoughts and opinions on these products and only recommend those I feel of benefit to property investors. In some cases I am invited to be an affiliate of some of these reports, courses and related products and if you buy through my links, I am paid a commission. I believe this does not influence me, but you need to decide that for yourself. I do believe transparency is vital and hence this disclosure.
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