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Guiding Next Generation Real Estate Investors - offering the latest in property investing information and inspiration.
That is imagining things not yet in my life that I wanted in my life and focusing on them. Something that has assisted me greatly is a vision map, which is a colour board covered with striking images of all of the things I wish for my life and then positioning the board where I would see it and connect with it every day. Imagine his result if, while writing out his cheque, he just continued on through his life without any real certainty that the money was on its way and he lived each day in a continual sad, negative state. So, if you find yourself wanting more from life, you may wish to consider this as a way to achieving what you want.
The Annual Australian Rich 200 List appeared last week, complete with a new wealthiest individual, Anthony Pratt, head of cardboard conglomerate VISY with wealth estimate at just over $12.6BN Mr Triguboff is one of 58 list members who have made their money in property, easily eclipsing the next largest group which was investment – having just 21 people making their fortunes that way. With the combined wealth of the top 200 wealthiest in Australia equalling $233BN, that means that the average wealth of list members is just over a billion dollars each. I’ve watched them come and go from the list when their wealth dropped and even re-enter later in life as they found another way to create wealth.
The Treasurer announced new spending on infrastructure, increased the Medicare Levy (increased tax) and smacked the big four banks with a carefully targeted levy on liabilities, which chiefly are its deposits. Can you imagine the opposition complaining about the Medicare program being guaranteed new funding, billions of new infrastructure spending and tapping the big banks for a few billion more? however why not set up a development bank, standing in the market, providing the same finance to developers who want to increase the supply of new housing and are currently denied by the squeeze on funding from the big banks? Also changes to depreciation rates of plant & equipment could mean buyers of existing property won’t be able to claim certain depreciation deductions – do check with your accountant on this for more complete information.
You no doubt know that buying an investment property is becoming harder due to rising prices and increasingly tougher financing. Investors are looking at alternate ways to generate strong returns with the least possible risk in property investing. If you have been looking at ways to expand or accelerate your property investing, then here is an opportunity to invest alongside an experienced developer, earning a fabulous 14% p.a. The Hillsfar Property Group is holding an informal 25 minute webinar next Thursday 11th of May at 8pm Melbourne & Sydney time (6 pm Perth).