If you only work hard on your job, you’ll never get rich – that’s a fact! Michael Yardney, director of Metropole Property Strategists, discusses the importance of capital gains, how it can make you rich, and how to minimise risks. The US Internal Revenue Services reported that of the hundreds of big earners in America, 45.8% got their wealth from capital gains.
Yardney also shares his 4 strategic approach to property investing that’ll reduce risk and increase your chances of getting higher capital gain. His strategy includes choosing unique or special properties priced below their intrinsic value located in areas where there’s a long history of high capital growth and refurbishing them to maximize gain.
Although you can’t succeed most of the time, by following Yardney’s strategy, you can minimise risk and profit from your property investment. You can also try and revise other property investor’s advice to become your own. You can learn how to do it only if you do it.
You can read the whole article here.
What criteria do you use when choosing your property investments?
In a survey undertaken a fortnight ago, 645 respondents gave their vote of confidence to different professions. The results once more reaffirmed our belief that the car salesmen are the most untrusted profession around, says Gareth Hutchens for the Sydney Morning Herald. While only 4 percent of respondents trusted car salesmen, the figure was 12 percent for the real estate agents, putting them at the 28th spot, just one ahead of advertising agencies.
Sydney and Melbourne both threw up very high success rates for the weekend auction clearance. While Sydney’s rate stood at 78.1%, Melbourne held itself in good stead with a figure of 71%. Jonathan Chancellor for the Property Observer writes that the Prestige Market has picked up considerable momentum when compared to the same time last year. Sydney’s auction clearance rate was rallying somewhere near the 60 % mark while Melbourne cut a sorry figure of 57% same time last year.
With the property market getting a shot in the arm, it has become significant to look at the aspect of home renovation, too. While décor regarding indoor spaces, gardens and patios are sufficiently considered, issues of home insulation are still ignored at times, writes Carolyn Boyd for The Sydney Morning Herald.
Australia is living its dream of being the land of the largest properties but at the same time it is doing equally well for a horde of small one-bedroom units. Michael Yardney for the Property Update writes how such properties are appealing to the 4 chief types of buyers:
