In an article for the Property Update, Michael Yardney talks about 7 tips (read investment strategies) by John McGrath, offered by him on the Property Millionaires Tour. Here are the pearls for you:
Tracey's Property News
Property Holdings Have Triggered Australians’ wealth
An article on the website Smart property Investment confirms that Australians have the highest median wealth in the world (A Credit Suisse report). This is due to the property holdings of Australian investors.
Barring Norway, Australia is at the top in terms of percentage of people investing in real estate. The median wealth of Australian adults stands at A$ 263,450. The trend fairly reflects on the availability of enormous land tracts in Australia. It is also suggestive of the high property prices in its urban areas.
Another piece of good news for Australians is that they have the highest number of people above the US$100,000 mark. They are second only to the Swiss in terms of average wealth.
You can read the original article here.
Invest keeping the property cycle in mind
Property values behave depending upon the phase of the cycle they are in. One of the truly long-standing gospels of property investment is that you should seize a deal at the right stage of the property cycle. This way, you come out paying the best price for a property deal.
At different times property prices may behave differently; sometimes they may languish well below the long-term trend, at other times shoot up a lot higher than the trend or remain closely attached to it. Careful evaluation of the property cycle then remains your first line of attack. Let me elaborate on this.
Drawing Up A Will For Your Estate? Read This
Death is not a pleasurable thought but if you have worked all your life to build an estate, you should give death some thought. The idea is not to die intestate or without having drawn up a will. I have seen various cases where those beyond the circle of spouse, siblings, children and close relatives have taken advantage in such situations. In the light of this fact, I confess liking an article by Ken Raiss on the Property Update.
Sydney: The Cynosure Of Global Property Investment
Aidan Devine for the website Your Investment Property talks about Sydney’s growing prominence in the global residential property market. Having quietly fancied Sydney’s chances since last decade, I feel vindicated by Sydney’s strong show. Investors in Hong Kong, China, Russia, among others are picking the harbour city ever so frequently to park their money.
Dissecting Costs Of Property Investment
My leanings towards property investment are an extension of my childhood perceptions. The way I read the world did not leave too much space for liquid assets and till today the regard for this non-volatile, “two-fold benefit” asset class has remained. This is also partly why I chose the career I am in.
While properties can offer extremely sound returns, I will be the first one to agree that they can be difficult to maintain too. There are the upfront costs along with a host of maintenance expenses. Let me take you through them.
