Interview 5: Why Property?
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Description
Why property? Why not shares or other assets? Because property creates more millionaires than any other asset class. There are four main reasons, which we touched on in an earlier...
show moreBecause property creates more millionaires than any other asset class. There are four main reasons, which we touched on in an earlier interview;
- You can be above-average at property investing.
- You can use leverage.
- Property has had solid and steady long-term returns.
- Property can be improved with effort (such as through renovation or rezoning, for example).
- What it is about this asset class that makes it special?
- Leveraging: when it’s important and when less important
- Compound growth examples
- The Rule of 72
- Imperfect market – most people aren’t investors, just home buyers
- Tax benefits
- Long term returns and a glimpse into the history pages of the Australian property market
- Long term population projections for our nation going forward
The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property.
Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price
• researching historical capital growth and performance
• calculating your return on investment
• adopting a cautiously optimistic outlook and long-term view
• managing your risk.
Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action.
Link to the book
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Information
Author | ... |
Organization | Cate Bakos |
Website | cateandpeteproperty.com.au |
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