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Real estate is merely a wealth creation vehicle that you can use to enable you to reach your potential in all areas of your life.
There are only 4 strategies for creating financial wealth in your life. They are broken down below:
Over time your property investments can create for you a passive income that will put you in a position to buy back your time ...and your life.
WHILE property prices ease across the country, economists are predicting Perth will buck the trend and return to a booming real estate market by mid-year.
If your income is fixed by the job that you are currently in then you have some serious financial limitations. If you are on a fixed income this is even more of an issue, but even somebody that is earning an income on an hourly rate faces a major hurdle, as there are only 268 hours in a week you still need to eat, sleep commute and socialise. You can only physically do so much work.
Your philosophy when it comes to purchasing successful investment real estate should be to look for the highest capital growth opportunities, combined with a good rental return to enable you to maintain repayments over the life of the investment.
On 1 October 2009, the population for Australia surpassed the 22 million mark. At the end of March 2009, Western Australia had 2,224,000 residents. According to the Australian Bureau of Statistics, Western Australia leads the population boom with the fastest growing population of all the states (3.1% for the 12 months ending 31 March 2009). The majority of this growth is from migration. Not since the post World War II boom of the 1950’s and 1960’s has Australia experienced this sort of rapid increase in people.
Have you notice how construction sites generate those considerable piles of heap everyday. It is not surprising really, as construction materials get to be trimmed, reshape and recast a lot before being integrated into a structure. And these discarded pilings do tend to get large swiftly.
Do you know how the viewings will be taking place? Some people may be more comfortable showing potential buyers around their homes themselves, take into account houses shown by agents sell quicker, as shown by statistics. The best option would probably be to work with the agents, with you handling the viewings when the agent is unavailable.
We’ve been hearing a lot about the Gorgon LNG development on Barrow Island these past few weeks. If you live in WA, it’s been the biggest story in the business news. The statistics connected with this project are staggering:
- $43 billion spent by Chevron on up-front development costs
- 10,000 jobs expected to be created during the construction phase
- $33 billion spent on local goods and services over the 30-year life span of the project
- 3,300 bed village under development to house construction workers on Barrow Island.