Want to hear a big fat myth about making money? Here it is: Do what you love and the money will follow. How many times have you heard that before? Is it true? I hate to burst your bubble, but no, it’s not. I
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The “North Atlantic Financial Crisis” Heads South…
Australia was one of the only two OECD countries that did not record a recession during the GFC—the other being South Korea. In response, the RBA and Treasury took to describing the “Global Financial Crisis” as the “North Atlantic Financial Crisis” (see “Reserve Bank warns
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Conformity and Herd Behaviour: Are You Following the Crowd?
The following video clip from the National Geographic TV Show, Brain Games, illustrates how random behavior can become a social norm because of our human tendency to conform. Conformity is a social influence where the desire to fit in with a group leads a person
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The Song Remains the Same
Results for week ending October 23. Auction volume across the combined capital cities increased by about 200 homes this week, with 2,641 properties presented. Despite the jump in supply, the preliminary clearance rate rose four basis points to 80.2 percent, the highest rate recorded
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Habits of Successful Investors: A Realistic Approach to Wealth Creation
Everybody talks about all the do’s and don’ts of property investing. They include the key mistakes to avoid, critical success factors and the like. What I’ve discovered is creating success in your life, property investing included, is all about forming a habit. I’ll go one
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Is Deutsche Bank The Beginning of the Zombie Apocalypse?
It’s a close call to pick the top contender for “Crisis of the Year.” This Deutsche Bank (DB) drama is fresh on the heels of Brexit. Before that, it was the “third round of Grexit” panic . Another wave of potential Brexit chaos seems inbound,
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The Beat Goes On
Results for week ending October 16th, 2016. Buyers kept pace with a boost in auction numbers this week, as the preliminary combined capital city clearance rate came in at 77.9 percent. Sellers presented 2,405 homes at auction this weekend, still far lower than last
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Real Estate Riches: Harnessing the Power of Referrals
Asking for a referral is a proven way to build wealth. Good salespeople regularly use referrals to find new customers. For example, imagine there’s a knock on your front door. You open it and there is a salesperson offering a VIP wholesale price on
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7 Things I Learned In My Last Renovation and Subdivision Deal
I recently finished one of my latest subdivision and renovation deals, which was a four-bedroom house and a two-bedroom unit. They were on a single title joined by a common wall. When I purchased this property it was tenanted, but the leases were close
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Home Shortage Fuelling Greater Urgency Among Buyers
Results for week ending October 9. Sydney, Melbourne, Adelaide, and Canberra all posted preliminary auction clearance rates above 80 percent, lifting the combined capital city average to 79.2 percent. Auction volume was back up after last weekend’s holiday lull, with a total of 2,246
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