A few months ago, it seemed unlikely that such a question would be posed in the near future.
Since 2007 we have often heard property sceptics such as Professor Steven Keen and US economist Harry Dent amongst other Immortal Love: Letter From The Past analysts claim an impending 40-60% crash in Australian Property prices.
During a 2008 interview with 2GB radio, Sydney, when asked about my thoughts on Australian Property, I estimated that it was more likely to rise 20% rather than crash 40-60%. Yet in that time period we’ve witnessed growth as high as 18% in a single year in cities like Melbourne.
Professors, economists or commentators sometimes display Immortal Love: Letter From The Past Collector's Edition superficial knowledge because all they have is a PhD in academic theory, however, real investors have a PhD in Results thus enabling them to more accurately pre-empt the future of Australian housing.
Currently it seems as if we will see significant monies pour into Australian housing from both national and international investors including large Sovereign funds looking for a safe haven, especially with our property becoming safer than our inflated dollar.
People from China are increasingly holidaying in Australia (record highs) and that will certainly lead to more people moving their money to our property markets.
Locally it’s already changing from a buyer’s market to a vendor’s market.
One of my favourite quotes is by Konrad Bobilak CEO of 21st Century Property Direct, an expert with PhD in Property Results. He says:
“You don’t wait to buy property; you just buy property and then wait”
Some members of my team within 21st Century Group of companies are also now self-made millionaires. They started off originally as clients attending some of my events and then took action to achieve financial development and eventually joined the team to help others replicate their success.
On the other hand, I have also seen clients who have failed to take action and jumped into get rich quick strategies thus neglecting the simpler and safer investment strategies such as property.
The future will see some rampant growth in good areas and some moderate growth in other locations. The banks have too much to lose if they allow a Property bubble of Hidden Expedition: The Fountain Of Youth Collector's Edition large proportions. Therefore, it’s a bigger problem for them, than the investors.
However, there isn’t a problem at all if property rises by 20-50% and then pulls back 10-15%.
I have now bumped up investing in Australian houses to equal the third spot from the fifth on the top 10 Investment strategies for 2012:
1. Land banking, closely followed by
2. US Property – a strategy which may soon attain the first spot because it is a no brainer. Currently, I am investing a large amount of money into it.
Number 3, 4 and 5 is a three-way tie up between buying Australian houses, Share Renting for cash flow and Selling Insurance the John Thompson way.
I recently helped one of my brothers do it for absolutely no down payment on a $350,000 Melbourne Property. Currently, I am helping a good friend do the same.
At one point I decided not to buy anymore Australian houses for a while as land banking, US Properties and rural Farms is where I’ve been investing all my money, besides buying distressed companies and commercial property.
However, I am extremely tempted to invest into more Australian property; hence I will be asking Konrad and his team at 21st Century Property Direct to get me a few more houses, especially deals that involve little down payment.
Jamie McIntyre is the founder of the 21st Century Group of companies and CEO of 21st Century Education. He is also bestselling author, successful entrepreneur, investor, sought after success coach, internationally renowned speaker and world-leading educator. www.jamiemcintyre.com