WHAT DRIVES SOMEONE TO INVEST IN PROPERTY?

WHAT DRIVES SOMEONE TO INVEST IN PROPERTY?

I’m often asked what is it that drives someone to want to build a property portfolio? For many its as simple as creating wealth to fund their future, giving them the opportunity to have choices later in life rather than a forced hand. For some this might be as simple as bolstering the funds they to retire on, for others an important part can be to provide a head start in property for their children or a legacy to the family or chosen cause. Of course, to be in a position of any philanthropy, charity must start at home!

To achieve financial freedom, motivation is the key and with that in mind as with any big goal in life it is important to focus on the prize and plan accordingly. For many it can be as simple as they know they want to get ahead but still haven’t worked out how, that’s why we go to all the effort to ensure that they are making the right decisions and have the financial capacity to be successful.

WELCOME TO AUSTRALIASIA - MAY THE FORCE BE WITH YOU!

WELCOME TO AUSTRALIASIA - MAY THE FORCE BE WITH YOU!

It’s Star Wars time, thankfully not an argument with Tango top and the rocket man of North Korea but the latest instalment of space opera from Mr Skywalker and company. In the news today, I read that there’s a bit of bickering going on amongst fans with an online petition calling for Disney to "re-make Episode VIII properly". My goodness, really? Really?!

Anyhow this got me thinking about all things Star Wars and a funny thing that happened in the Australian Census a few years back.

THEY'VE MADE YOU BED, YOU'D BETTER LIE IN IT.

THEY'VE MADE YOU BED, YOU'D BETTER LIE IN IT.

Oh my, somethings just never seem to go away.

Is it just because we have been fudging our way for aeons, or is it because with the leader of the new world won his position by warped truth and factual distortion that it’s now fashionable; this belief that it’s now totally cool to lie, cheat and deceive.

I still shudder when I look back at the GFC, an event mostly set off by the repackaging of subprime mortgages market in the US, compounded by banker greed and excessive risk taking. One wonders have we ever learned our lesson?

Is it because of this that we somehow our DNA has picked up in the same willingness to win at all cost, albeit usually to others? How long can we get away with all these little fudges? Do we keep pushing till one cataclysmic event tears the fabric from society and leaves us counting the cost again?

PRAY TELL... JUST WHERE ARE THE CITY LIMITS?

PRAY TELL... JUST WHERE ARE THE CITY LIMITS?

If you’ve had any experience in some of Sydney’s Western Suburbs you’d quickly understand that perhaps the state of our housing market isn’t as good as it’s cracked up to be. I remember meeting a couple in their just completed brand-new house, in a ‘new town’ located about 70kms south west from the Sydney CBD, which was being offered for sale cheaper than you could build one next door. Alarm bells yes but professional concern no, as on a higher level we avoid these areas when it comes to investment. In my experience the last places to rise in value become the first to fall, so when looking for a stress free and steady growth path, these areas aren’t highlighted on our radar.