Hi friends,

It’s been a very interesting month.

We’ve seen massive storms and flooding on the east coast which has affected a lot of people, businesses and property.

The number of leaking and damaged roofs in Sydney is massive, causing a shortage of roofing supplies and materials... but consider this...

We’ve got whole cities in China in lock down from a virus alert. China is Australia’s largest trading partner and the source of much of our roofing materials. If the supply chain is interrupted or temporarily stopped, whilst demand is spiking, you can imagine what’s going to happen to prices of certain materials.

So whilst I love property and believe it to be the foundation of wealth, can you imagine trying to sell a commercial property in Wuhan, China right now?

Granted, these are extreme events that I expect will pass soon enough... but still, they highlight why a wholistic approach to wealth creation is important.

If you love property, you can appreciate there’s benefits to diversifying in different cities, countries or even types of property… as well as OUTSIDE of property (more on that in a moment).

Of course, not all negative effects on property are physical like storm damage or fire.

Next month, commencing 23 March, 2020 new and important tenancy laws come into effect in NSW that have the potential to significantly affect your investment. Property investors should be across these changes as they greatly change the landscape in favour of renters. Read more

Victoria also has similar changes coming in to force in July 2020, with Queensland likely to follow suit...

Are these changes enough to get you to shy away from residential property?

Well, that really depends on your personal situation; the types and condition of property you own; and also on your threshold for dealing with bureaucracy, tribunals and disputes.

In my experience, government interference always increases costs, and these costs will simply be passed on to the customer, in this case, the tenant. Be prepared for rents to rise as a result.

So, if the changing pro’s and con’s of physical property ownership are tipping the scales against investing for you, you may be ready to look at another type of property ownership, outside of physical property.

Imagine a type of property where you have no tenants, no physical building, no plant and equipment, no ‘fair wear and tear’, no qualifying for loans, no debt, no virus problems – but – you can still buy a steady monthly cashflow, you can renovate, add value, and increase that cashflow, plus in doing so, you can actively increase the capital growth..

It probably sounds too good to be true, but it’s possible. The skills are learnable, and the advantages can be enormous. It’s all contained in the Gift of the Month below.

Enjoy this month’s newsletter content, and I look forward to seeing you soon.

All the best