It’s not just in the books you read or the seminars you attend. While they may be a huge help, The Secret To Becoming A Property Millionaire; Effortlessly depends more on your understanding of and participation in two distinctly different financial worlds.
Many meander along and accept the status quo in life.
Others, hungry to find the shortest path to their financial success, often search long and hard for answers… everywhere but in the right place.
When any mrd client settles on a property, we arrange and pay for a registered Quantity Surveyor to inspect those properties and prepare a depreciation schedule for the client to give to his or her accountant.
This ensures our clients maximise their legitimate tax deductions.
Chris Smit, from Cullin, Smit & Associates, is a Brisbane based Quantity Surveyor.
Upon his return from Cairns this week he phoned Wendy, and followed up with the email below, expressing his shock at the exceptional quality and value of four or five different projects we sent him up there to inspect.
Raising the pension age also raises unanswered questions.
The Age - 14th May 2009
AMONG the changes announced in the budget Treasurer Wayne Swan brought down this week, one has implications far beyond the Government’s immediate economic imperative of keeping the global recession at bay. A higher qualifying age for the age pension will be phased in from 2017, and by 2023 the new age of eligibility will be 67. For the first time in the century-long history of Australia’s basic retirement benefit, the male qualifying age will have been raised. And by that change, the notion that the span of working life, like the length of the working day, must grow progressively shorter in advanced technological economies, will have been officially junked. It isn’t quite the future that Alfred Deakin, the liberal reformer whose government first legislated for an age pension in 1908, would have envisaged, and ironically it is being ushered in by a Labor government.
Read More >>> Working life will be longer, but jobs may be fewer – Investment News.
It’s official. We now know what Australia’s best economic boffins think happened to the housing market in the first quarter of 2009 following a week of confusion (recall the ABS numbers conflicted with those of both APM and RP Data-Rismark).
In the RBA’s Statement on Monetary Policy released today, the RBA concluded (p33): “After falling modestly in 2008, nationwide housing prices were little changed in early 2009, although there is some variation in the range of available measures that use different techniques to control for changes in the composition of property transactions (Table 10).”
In Table 10, the RBA shows five different measures of house price changes in the March 2009 quarter.
Four of those measures – from APM, which uses a stratified median price index, and my company, RP Data-Rismark, which uses an hedonic regression technique – were positive or flat across Australia while one, the ABS’s stratified median price index (the one that the media has focused on), was down strongly.
The ABS’s index data does not sit well with the RBA’s conclusion that “nationwide housing prices were little changed in early 2009”.
>>> Business Spectator – The RBA’s view on house prices – Blog – Christopher Joye.
The lawyer asks her to play a game.
If he asked her a question that she didn’t know the answer to, she would have to pay him five dollars; And every time the blonde asked the lawyer a question that he didn’t know the answer to, the lawyer had to pay the blonde 50 dollars.
So the lawyer asked the blonde his first question, “What is the distance between the Earth and the nearest star?” Without a word the blonde pays the lawyer five dollars.
The blonde then asks him, “What goes up a hill with four legs and down a hill with three?” The lawyer thinks about it, but finally gives up and pays the blonde 50 dollars.
Following on from last week’s article called “The Long Term Impact Of Negative Vs. Positive Geared Property”, today I want to explain “How The Wealthy Create Money From Thin Air”. The exciting part is that you don’t have to be rich to follow in their footsteps when you get started.
Three men were hiking through a forest when they came upon a large raging, violent river.
Needing to get to the other side, the first man prayed:
“God, please give me the strength to cross the river…”
Coomera is a location that has not yet realised its full potential! This area has massive plans for growth and development. For those that have invested in good faith – you will be rewarded.
(Click image to see a larger version)
Coomera has changed very rapidly over the past few years. High density housing east of the Motorway in and around the old Coomera Township brought many new families to the area. New shops opened and activity in the area has increased. This activity confirmed to many people that Coomera was finally on the move. Meanwhile, the acreage precinct along Foxwell Drive (which is also the middle of the new Coomera Town Centre) has seen developers, investors and speculators buying up rural land for future redevelopment…
Predicting the next ‘hotspot’ for property can be speculative unless it is supported by key fundamentals to an area’s future growth and development. This is exactly the position Varsity/Robina is in right now. Major infrastructure changes amount to $2.6 billion in projects either underway or planned and over $2 billion of commercial and residential development either under construction or in the planning stages.
The new $324 million rail extension from Robina to Varsity is on track to be completed by the end of this year.
With the concept of transit-oriented communities being a major thrust for planning and development, Varsity Station Village has been designed featuring residential, retail and commercial buildings providing services, shops, employment and apartment style living – all in close proximity to high quality public transport.
The South East Qld Draft Master Plan allows for up to 50,000m2 of commercial space in the village that could potentially contain large corporate head quarters and small and medium size leasing opportunities.
The precinct could also contain between 600-900 residences in the form of townhouses or apartments, accommodating between 1,250-1,900 people.
We are excited about this project amongst the many others being developed right now, as the investment many of us have made into this area has positioned us for a solid return in the future.
To enable you to gain a better picture of how your investment is placed please click here to view the “Village Guide – summary of the Master Plan, Queensland Transport”.
If you would like to look at what opportunities are available for you to invest into this area visit our available property page here and ready to settle property here.
We have assisted many people to better structure their financial arrangements, save interest and pay off their homes quicker. If you would like us to prepare a complimentary Finance Structure and Cash Flow Health Check send your request, along with your best contact time to us
All who invest in real estate should do so to produce a capital gain… in my opinion, anyway! As different properties will perform differently and we all possess uniquely different situations, that must be considered before we can responsibly invest, it is imperative to understand “The Long Term Impact Of Negative Vs. Positive Geared Property!”
At mrd we believe a property investor’s primary goal or objective ought to be the pursuit of capital growth; subject to that individual’s ability to afford to hold the property with negative cash flow.
Today I will demonstrate for you specific examples of each…
The first step to financial independence is determining your borrowing capacity! This all important first step is provided free of charge after you complete our brand new, simplified, secure online form.
