Do you agree with Dr. Robert Kiyosaki? He is the man who wrote ‘Rich Dad, Poor Dad’ and is a multi-millionaire.
On the other hand you might believe that you are okay and yet 87% of Australians retire on less than $35,000 per annum.
Yes, I have said it many times, but I do say it for a good reason and that is to perhaps make people aware that maybe they might need to take a closer look at their financial future.
Given the very healthy state of the property market there is absolutely no reason why people should not be using it to create wealth.
Let’s have a look:
Core Logic and NAB Business View released the June quarterly housing market update last week. Key insights from its analysis include:
Home values Melbourne-wide have increased by 13.9% in the past 12 months and 5% in the first five months of 2016.
Low mortgage rates are having a positive effect on consumer confidence and housing market conditions, with the standard variable mortgage rate now at its lowest since 1968.
The strength of the property market is reflected in a 7% rise in bank valuation instructions in May.
Melbourne homes are selling in around 36 days, which is quicker than the same time last year.
Melbourne dwelling values have increased by 71% since the beginning of 2009.
Investment in housing remains a popular option. Some lenders have recently relaxed previous restrictions on loans for investment purposes, which could result in a rebound in demand from this segment over coming months.
Property can and will be the product that will help and assist you to create wealth as it is tried, tested and true. Do not let anyone tell you any different.
Advisors who do not advise about property only do so because they cannot and do not profit from it. It is all about sell, sell, sell.
So am I selling? Yes, I am. I am selling the message that property can and will make you wealthy and I do not care whether you use my advice and services or not. All I want to get people to understand is that property is No.1.
And if you want to chat about this and more I am only a phone call or an email away.
Till next time