Well why buy all your property in a one hit wonder state, why not spread out your risk, the one hit wonder is now collapsing along with all your eggs jammed in the one basket, you see when you put all your eggs in the one basket ,if that basket breaks ,which yours has now done , evrything you owns goes down. when its works its a win win ,but when it does not its a lose lose.
Well these eggs in my baskets are doing pretty, thank you very muchly.
Quality built homes in desirable central suburbs will continue to do well, also when there is also involved some old houses on some nice high density zoning conditions ...well it's just gets better. A bit of spit & polish to do some minor renovations..not too over the top well it's just hunky dory for rent returns.
Now cheap homes crammed into small blocks of overpriced land in some of the outer suburbs don't do as well, I not wish to put down those FHB because some just want a home for their own, nothing more, that's ok at least they're trying to get a foot in somewhere.
If you buy in the right place, then you will still make $.
These are the facts, pure & simple.
Over the LONGTERM, prices will always increase above inflation. People who speculate in short term property will lose as often as people who speculate short term in shares.
If you can afford To pay off your own home then you are better off to do so given long term capital growth which is real...again undeniable facts.
In conclusion, My point is very simple, hold property in a highly sought after location, $ is made over the long term. This makes it a sound investment.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Chinese property chiefs attending a summit in Australia believe Gold Coast property and lifestyle is set to attract more investment from clients
A Chinese agents’ summit in Australia could lead to big investment in real estate on the Gold Coast and beyond, it is believed.
The group of Chief Executive Officers or general managers of large Chinese real estate agencies visited the Gold Coast, Melbourne, Sydney and Brisbane on an agents’ summit organised by top Chinese-language overseas property website, Juwai.com.
The dozen agency chiefs came from Beijing, Shandong, Fujian and Hebei provinces in China.
Dominique Corbett, of Brisbane-based agency Corbett & Co. who helped lead the summit, says, “There’s a good chance that this trip could lead directly to offers and closed transactions on Gold Coast property. I am a Queenslander, and I’m proud to introduce the area to a new group of investors.
“The real wealth will begin entering the market this year. It started earlier this year when a Chinese buyer paid $8.7 million in the biggest private sale on the Coast earlier this year.
“The Gold Coast is an incredible buy, for the lifestyle, the education and everything they are looking for.”
Ertian Zhao, owner of the biggest brokerage house in Hebei province, China, says Gold Coast property topped prime real estate the agents had seen in the United States, Japan and Korea.
“From my point of view I love the lifestyle, the beach, the clean air and the sea and that will be what I will be telling my clients about in China.”
“I would think the Gold Coast would be number one on the list if you are buying property in a foreign country,” he has told the Gold Coast Bulletin newspaper.
Chunhui Gao, owner of the biggest agency in Shandong coastal province, adds, “We had heard so much about the Gold Coast but now that we have seen it for ourselves I think our buyers will fall in love with it.”
The tour also included educational and networking events hosted by LJ Hooker and RP Data, at Sydney and Ray White, in Brisbane.
Jack He, of Intime Overseas Consulting Management Co., says, “Having attended this Summit, I find it a very successful and brilliant idea for the whole industry to gather together and converge into a platform that allows the opportunity for intercommunication between one another.”
Andrew Taylor, co-CEO of Juwai.com, says, “All of the Chinese agents on this tour are successful agents from large Chinese agency networks. If they can build relationships with agents and developers while they are here, that gives the Gold Coast a better chance of attracting additional Chinese investment dollars.”
“Australia is the second favourite destination for Chinese real estate investment and the top destination for Chinese tourists.
“The Gold Coast has a good brand in China, and is gaining in momentum in comparison to Sydney and Melbourne.
“One of the big questions that Chinese agents have is about the types of property their Chinese clients are able to buy in Australia. Having a relationship with an Australian agent to whom they can forward buyers will help them help their clients.”
The tour follows on a similar Juwai.com agents’ summit in Shanghai, at which 100 local Chinese agents met with 50 international agents from 12 countries.
* OPPLive China, which is being held in October, brings together agents, developers, financial advisors and other overseas property professionals to network and boost their business.
The show, which takes place from Thursday 23 October-Friday 24 October at the China World Hotel, Beijing, features a global property exhibition, a packed programme of seminars from key overseas property industry speakers from around the world and numerous networking opportunities.
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