It’s a fact that investing isn’t easy, especially for those who are afraid of taking risks. If you’re an investor, you might be interested in what Michael Yardney, director of Metrolpole Property Strategists, says about the reasons why your investment is doing badly. Yardney highlights the 10 most common mistakes newbie investors make that regularly result in losses. He also indicates how pro investors overcome these mistakes to accumulate profits.
There are no fixed rules on how you can succeed in property investing however there are some valuable advice from those who succeed. Although you can’t emulate all the things that they do, you can have a basic understanding of how the world of investing works. It’s part of the process to commit mistakes. Whether it’s a few dollars worth of mistake or a thousand dollar worth of mistake, the only thing that matters is the lesson you’ll get from it. Once you know what won’t work, try something else. Never stop trying and learning. Just be sure you minimize the risk of failure as much as possible.
You can read the whole article here.
As a property investor, what advice would you give a newbie investor today? How do you take good care of your property investments?
When you’re excited to purchase a strata-titled property, you always make mistakes out of excitement. Aidan Devine, from Your Investment Property, highlights the five most common mistakes that investors make during their purchase. According to Devine, most investors forget the check the financial books of the company and records of repairs done in the past. It is vital to check the financial status of the company and the records of repairs to ensure that you won’t have any unexpected problems regarding these two in the future.
ATO’s newest weapon against tax evasion – data-matching technology. 10.4 million taxpayers will face scrutiny regarding their residential and commercial property sales with the Australian Tax Office. ATO is more than eager to implement their high-tech data gathering computer systems worth $800 million.
Property Market Update February 2013
Australian population is growing at a good rate and it augurs really well for real estate. Macroeconomics suggests that population growth is always a key indicator for the property market. For an year upto September 2012, the population spurted by 1.71%, says Michael Yardney for the Property Update. This is much higher than the 30 year average of 1.4%.
