Welcome to my Q1 newsletter of 2024.
Firstly, Happy New Year, may it be your best ever!
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Before I get into it, please check out and register for my special gift of the month;
As you’ve probably heard the BREAKING news…
the SEC just approved 11 Bitcoin ETF’s!
This is huge news with an even bigger event coming in April. Don’t miss this.
So, to kick off the year, let’s cover some basics.
Please be sure to watch my success tip video below.
It’s taken from a 2017 Think and Grow Rich Anniversary event.
(Ohh how I miss live events)!
It’s the fundamental step to take from where you are now to where you wish to go.
I plan to share more of the basics and actionable steps to success soon.
For now, let’s talk about property in Australia; big picture.
I think the outlook for Australia this year is generally good.
On the plus side, we have great demographics, we have great skilled migration intake (demand), we have abundant natural resources and a fairly small population with relative stable political climate, plus very strong demand/supply ratio.
On the negative side, we have high interest rates (making property less affordable), we have high inflation (5.4% sept/qtr down from 6%), we’ve had 2/3’s of fixed interest rate mortgage owners come off low rates in the past 6 months to much higher variable rates (avg. increase in repayments on a $700K loan is $17,000 p.a.!), we have minimal wage growth and high rents affecting affordability (rents have surged dramatically - 8.3% last year, 9.5% year before and 9.6% year before that).
And despite all this, we still have all time high property prices!
Remember, in my experience, ‘traditional passive investing’ and ‘negative-gearing’ or what I refer to as, ‘the old way’ in property, are a trap to the unweary. Especially in this environment of uncertainty.
Whilst over the long-term, property is a very forgiving investment, you might not survive long enough and could well get wiped out in the short term.
You have to know how and why you are investing in property before you start.
For now, let’s talk about property in Australia; big picture.
I think the outlook for Australia this year is generally good.
On the plus side, we have great demographics, we have great skilled migration intake (demand), we have abundant natural resources and a fairly small population with relative stable political climate, plus very strong demand/supply ratio.
On the negative side, we have high interest rates (making property less affordable), we have high inflation (5.4% sept/qtr down from 6%), we’ve had 2/3’s of fixed interest rate mortgage owners come off low rates in the past 6 months to much higher variable rates (avg. increase in repayments on a $700K loan is $17,000 p.a.!), we have minimal wage growth and high rents affecting affordability (rents have surged dramatically - 8.3% last year, 9.5% year before and 9.6% year before that).
And despite all this, we still have all time high property prices!
Remember, in my experience, ‘traditional passive investing’ and ‘negative-gearing’ or what I refer to as, ‘the old way’ in property, are a trap to the unweary. Especially in this environment of uncertainty.
Whilst over the long-term, property is a very forgiving investment, you might not survive long enough and could well get wiped out in the short term.
You have to know how and why you are investing in property before you start.
Speaking of Crypto, here’s what I wrote in last November’s newsletter:
“Bitc0in has again been the best performing asset of the year.
Starting at USD$16,547 on January 1, it now sits at USD$37,987. That’s incredible!
With the next halving event due in April 2024 and the World’s largest asset management funds all waiting on SEC approval of a Bitc0in ETF, it could easily double or even 10x in the next year.”
Hate to say I told you so…
But as you know, a couple weeks ago, ALL 11 ETFS got approved and Bitcoin raced to USD$48.6K immediately before pulling back.
In addition to this, others are now seeking approval, Australia is looking into having its own Bitcoin ETF and multiple Ethereum ETF applications are afoot.
If you knew some cheap farmland was about to be rezoned imminently to a higher and better use, you’d buy as much as you could right?
Well, in property terms, I would equate the approval of all these ETF’s to the equivalent of farmland being rezoned medium-high density, or mixed-use commercial. Financially a far higher and better use and the associated price adjustment that comes with it.
Yes, I believe crypto is still speculative, and yes you should only invest a small percentage of your investment capital, but tell me, what else has the ability to give you 10x or even 100x gains in the next 24 months, while you chip away at your job, business and/or property portfolio?
Claim Your FREE Copy of Think And Grow Rich!!
Finally we had a huge response to the offer to claim a free copy of Think And Grow Rich. Click Here if you missed it.
To Your Success