FEBRUARY 2014 WHERE IS YOUR FUTURE HEADED?
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 websites
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MONTHLY HIGHLIGHTS Is your exit plan getting you to where you want to go? This month Australia Property Investor magazine had a compelling article that I encourage everyone to read. It is about a gentleman who has pulled together over many many years a very large property portfolio. On paper it would be the envy of most. He is now ready to stop work, move to a house by the beach, sell up to pay down some debt and think about living off a combination of rents and income. This is everyone's dream, work hard, invest well, and live the life you want. Sounds like he is set right? He has equity of $1.495mill, what could go wrong? The horrible thing about this story is that although his properties have grown in equity his buying entities now prevent him to execute the final plan. He is hobbled, the capital gains tax is crippling, he can't move the properties into a self managed super fund without huge stamp duty costs. The experts in the story indicate he can't buy his dream home, he can't sell up and he can't stop work!!! No!!! I screamed as I read the story what a tragedy. This story alone is the one you should read this month. This story should compel you to consider your current or future portfolio. How you buy, what name you buy in and what the long game is ie how you get out. There is no point committing to the journey to your destination without the path being mapped and planned. Something to think about this month. Jane Slack-Smith PS Do you want to know where to buy? Then do not miss this month’s Herron Todd White report they go to every capital city and regional area and predict where activity will be. In December each year they review how these predictions went so these guys have put a lot of thought into this month’s report.
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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. THIS MONTH INCLUDE PREDICTIONS FOR GROWTH IN THE MARKETS – DON’T MISS THIS. You can download the report here CLICK HERE to download.
ANZ Housing Update House prices are still growing however in the Feb statement the Reserve Bank thinks this is ok. February RBA Statement of Monetary Policy, the increase in home prices over the past year or so has been “broadly consistent with the historical relationship between interest rates and prices”, suggesting the RBA is comfortable with the recent growth in home prices.Click here to download.
Capital City Market Conditions at a glance A quick look around the country to see what stage the markets are in. The only major change is Adelaide where the market is rising. Data is sourced from Herron Todd White – check out this market there is nothing optimism. Source Feb 2014
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RP Data Watch this 10 min video – for a quick recap on state of the market according to the RP Data and Rismark home value index. Markets are rebounding and this quick video gives you a quick insight on where the market is going.
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Magazine Summaries and Reviews for the Month Money Magazine Editor Pam Walkley takes on the question of renovate your home or move. This is a topic dear to me as I think many people under estimate the cost of buying and selling and often their upgrader does not upgrade their life as they expected. A great article. Also don’t miss Tyron Hyde’s article from his new book, there are ways to depreciate your renovation that you should know.
Your Investment Property Magazine The key to having a good portfolio plan in my opinion is a combination of cashflow and growth and this month YIP magazine covers the best rental suburbs for 2014. A great review and comprehensive explanations about why to buy. Don’t miss the Investor of the Year and the runner-up stories as well, very inspirational.
Australian Property Investor Magazine Just go to page 22 and read the story about the man and the plan to exit his portfolio that I covered in my intro this month. You can read my comments on page 12 regarding the question “Is the Great Australia Dream of homeownership dead?” and on page 41 I take on the topic of how first-time buyers can crack the market. If there is one magazine you need to get this month this is it!
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Smart Property Investment Magazine This month SPI looks at how realistic it is to build a $5million dollar portfolio in just 10 years. You might be surprised! In addition they take on the dangers of buying in Self Managed Super Fund in fact there is a lot on SMSF’s this month so if you are looking at this type of investment grab this month’s magazine.
IT IS COMING!!! The course will only be open for Enrolments for a few days at the end of March, so do not risk missing out. Sign up now to register your interest. This 12 module online course, that you have lifetime access, has been hailed the “best course with the biggest bonus material of any property investing and renovation course in Australia”. A big statement! But my alumni students from the November 2013 intake are raving about the course on their private Facebook page. They are sharing their research, their figures, plans of properties they are considering to buy, we even have had students put the first 6 modules to the test using the techniques on locating where and how to buy, and who have already bought! I love the success of the stories of my students, they love the support of the Q&A calls I would be delighted for you to join me next time so watch your emails! Or sign up here for notification. http://theultimateguidetorenovation.com.au/
Looking for inspiration for 2014? If you have not got a copy of my latest book 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
Resources This month I had a great conversation with the CEO of Cha-Ching. This free website is similar to the US Mint sensation. They give you the tools and resources to link all your bank accounts with your budgeting goals. This is a great resource check it out. https://www.cha-ching.com.au/ If you are interested in getting your finance structured for portfolio growth and you are looking for resources, tips and tricks, then check out the Investors Choice Mortgages website. This is what I do when I am wearing my other hat as a mortgage broker. ICM is not just creating the finance structure to suit your needs but also the education to help you achieve your goals. NB. Diamond members; check out the latest webinar where I show how to use a dot map to locate the next hotspot and Gold members check out the latest month’s Residex roundup for Local Council Areas. WATCH THIS SPACE WE ARE LAUNCHING A LOAD OF NEW MATERIAL
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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