Wednesday, October 29, 2008

Property Market Fundamental in Australia

Currently there are a lot of different views on the property market. Basically I have noticed that there are people who thinks that the economy is going down so it is not wise to be getting into any type of investment. There are people who is unsure of what is going on. Some of these people might have loss money in their shares and super funds but still see that there are incentives buying their first home or an investment property. Then there are people who say that it is a good time to buy because the time is right despite all the negative press about the future of Australia's economy forecast. So like most of you, with all these mix messages I'm a bit confused too. Like most of us out there we are not professional investors (YET!).

I'm a beginner, but not just like any other beginner who just follow what their friends or family say. I have always been interested in doing thing bit differently than everyone else and searching for the real fact. I have learned that to invest successfully you need the advise of successful investors. What better way to learn than from someone who has already achieved it. Rather than someone who just assume that is the way something works. I too want the best advise in these confused time, I too want to create wealth and happiness, I too want to help others to become financially free.

So as you can see from the article Australia's economic situation is different from US. Population in Aus is climbing up as oppose to US steadily declining. Vacancy rate in Aus is going down while US is moving up. So there is will be a lot of demand for place to live. The fundamental factor of demand is there and will push up price of properties. Even though the current world economic is effecting Aus, I believe it will not be long term. Everything that is happening around the world is blurring most people's view. But looking at the basic demand, property value is going to go up. Rent is going to continue to increase helping your loan repayment. All these factors are saying YES! so I'm saying yes!!

Go out there and find out more

Monday, October 27, 2008

Home buyer expo

On the weekend i went to the home buyer expo. In the hope of getting some tips and secret for the current property market.

There were a lot of people at the event and everyone was eager to learn about new policy from the government, things to watch out for and tips on getting a nice property.

It was all positive news for me. There were talks about the first home owner buyer's grant and the first home buyer's boost. There were talks on the first home buyer saving account designed to give incentives to first time home buyers. It is available from 1st October 2008. The government will pay you 17 cents for every dollar you put into that type of account. Any banks building society, credit union etc can set up the account for you. However, different providers can have different terms. But here are some of the fundamental features and condition of this type of saving account.

* 15% tax on earning by provider
* can tranfer between account provider
* 3rd party contribution
* can withdraw after min 4 yrs
* no joint account
* no min contribution
* government contribution capped at $75,000
* account will close by age 65 or buying a home

There are other finer details which you can find out from your bank.

the expo will be in other states as well so check it out if you interested

Thursday, October 16, 2008

first home grant

During the recent economy crisis there has been a lot of negative view in the world. Certain group of people see this as an oppotunity. I am no economic expert, i can only think about what i can do in these time. I think being scared is no use there are already lot of people doing that. I can see some oppotunities which is in favoure of me.The interest rate has recently drop a massive 1% which gives a lot of relief to people paying mortgage. I have recentl bought an investment property in Melbourne Dockland. The interest rate doest look good. Im looking at buying another one in Sydney. While i am preparing to reserve a property and thinking about how to come up with the deposit. The government announces the First-home grant rise. Now it looks really helpful. I think this can give more affortability to first home buyers like myself. Of cause others will say that this will creat more price rise for properties and push prices of other stuff up as well. i am not sure what will happen but i think if everyone is scare to buy things should be cheaper than usual. I have been living my life like everyone else without much big success. I think it is time to do something different.

Friday, October 3, 2008

Dont Wait For Financial freedom Get it NOW!!!

hello my friend

I just want to take this opportunity to share with you my recent experience of awakening and financial growth.

Like many of you, I have work in different jobs and had satisfaction in certain areas of our lives.

Like many of you I have wondered about how my life should be if i have made the most of it and taken a different decision at some point in life.

I have started my journey in search of a better future. A future that I am confident that I am more than capable of achieving. A life of abundance and fulfillment. I have came to realise that the life I want needs to be healthy, happy and wealthy.

As you all know that the world economy seems to be gloomy. This is uncertain times and how we handle ourselves are very important. I have recently attended Unleash the Power Within, lead by Anthony Robbins. He is an amazing man on stage or off stage. During the 4 day seminar I can feel the energy of the whole crowd blowing the roof off. It certainly gave me lots of motivation and tools to deal with my fear and limiting beliefs. That gave me some success in finances but that is just not enough for me. Anywhere you read now, it is all about inflation going up, crash of the stock market, the 700 Billion bail out. All the words you can associate with the financial world is slumps, bail out, tumbles, cautious, etc. The thing we need right now is the financial literacy that was never taught in school. The knowledge can potentially give us the opportunity of a life time. Some of the richest men made more money during time of crisis than during good times. What they have is the knowledge and skill to enable them to take advantage of these opportunities and be ready to ride the next wave of wealth creation. Unleash the Power Within gave me the motivation and determination to face these challenges, and now it is time for me to acquire the knowledge and skill I must have to achieve my financial freedom.

I will be attending the Wealth Mastery 2008. It is a total immersion process which give you everything you need to kick start your goal for financial independence. I am looking forward to totally transform my financial mindset and be prepared for any huddles in my way of achieving financial success. I urge you to come and join me in this incredible opportunity to learn and grow mentally and financially. 2008 is the very last time that Australia can take advantage of this life-changing event.