“I’ve just got a good feeling about it.” “No you don’t. You just think it looks cute.” We were looking a potential investment for Jenny. To me, the numbers weren’t stacking up. It was an older house, and it looked like it needed a fair bit of work. It seemed over-priced given what else was […]
Firm hand kung-fu
“Someone had even written the C-word on one of the bedroom walls.” That was Anna, talking about the last property inspection she’d done. She owned an investment property near one of the Universities in Brisbane, and had rented it out to three students. And now it was a mess. She showed me some of the […]
How to build a slum
I’ve been keeping a close eye on the Melbourne inner-city apartment market, and right now, there’s red flags going up all over the place. I’m talking CBD high-rise apartment towers. It’s a funny market. It seems to be marching completely to the beat of it’s own drum. And I’m not sure I like where it’s […]
What happens when rates rise?
In October last year, I reported to my students that 26 out of 27 market economists were predicting a rate hike sometime in 2015. I was not one of them. In fact, as I said at the time, You mob are all out of your tree! As much as I’d like to say that my […]
The Big Property Picture for 2015
Alright guys. Let’s jump into it. 2015 is shaping to be a year rich in possibilities (and profit!). As I keep saying, if you put in the work, there’s money to be made in any market. But before the year gets too much further out of the gate, let me put on my dusty ol’ […]
Is the RBA playing games?
I’ve been getting a lot of questions lately about the RBA’s strategy to prick Australia’s ‘property bubble’ and what I think it means. Now I know this might come as a surprise to you if you read the papers regularly, but: There. Is. No. Property. Bubble. The RBA doesn’t think there’s a property bubble, and […]
Does this townhouse make my bum look big?
A little while ago a student, Julie, joined our program. She had spent most of her life working as a tailor, but the industry was in decline, and she was looking for a new way to make money. There’s something a bit nostalgic about tailors. Kind of like chimney-sweeps. They seem to belong to a […]
When The Deal Goes South
Today I want to talk about what it means when a real estate deal doesn’t go the way you thought it would… Or planned it would… Or needed it to. The result is that your, or your spouses, worst fears are confirmed… You’ve failed, and now you have to pay the price. A part of […]
What’s The Best Deal?
This is the question that every beginning real estate investor asks himself… When you’re just starting out, you’re looking at all kinds of options… And more than likely, wondering what the right kind of deal you should pursue. Should your first property deal be a cash cow? Or should you be looking at a chunk […]
Capitalise On Two Major Trends In Oz
There are two trends in the Aussie economy that will help real estate investors pick up great property bargains… If you act quickly. The first trend I’m talking about is the changing structure of our economy… For the first half of the 20th century, agriculture was a main driver of the Australian economy… Then, after […]