Melbourne’s property market is gaining momentum
The clearance rates hit 80 per cent plus at the weekend — the 13th week in a row that it has topped 80 per cent or more; which means for every 10 properties that are going up for auction, in excess of 8 are being sold on the day.
As the residential property market is consistently gaining more and more strength, …Read More
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Understanding who your tenants are
A typical tenant for an investor, especially for a property investor with properties within say a 20-kilometer band of the central business district (CBD) of the major cities would probably have these general attributes:
• between 20-50 years of age
• single professionals
• professional couples
• students
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How can I be sure I am getting the best rental return?
Many investors have a flawed psychology in regard to cash flow. Investors need to stop focusing on the rental income being the only form of growth and focus on the value of the property increasing over time as well as capital growth and tax benefits, etc.
Landlords need to get their head around the fact that the tenants are in place to inadvertently assist them in creating this wealth but are not the primary contributor. Rent will support a quality property because quality property is in a quality location and will have other quality attributes, such as being close to infrastructure, etc.
If purchased right in the first place and if you are realistic with achieving a fair market rent, your property will not sit vacant for extended periods.
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How well do you understand your investing behavior?
Did you know that most investors typically consider the loss of one dollar twice as painful as the pleasure received from a one dollar gain?
A ground breaking study in psychology and financial markets behaviour came in 1979 when Princeton Professor Kahneman first published ‘prospect theory’. Kahneman found that people placed different weights on gains and losses and on different ranges of possibility. Individuals were more distressed by prospective losses than pleased by equivalent gains. As human beings we are emotional creatures and as such we seem to have trouble with preventing these emotions from interfering with our logic.
So how do we modify our investing behaviour to ensure that we have the best chance of making smart investment decisions rather than decisions influenced by emotions or past experiences? Here is 5 ways: …Read More
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