If your work is dependent on manufacturing most likely there is some agreement with the Australian Workers Union boss Paul Howes who believes the Reserve Bank of Australia has got its interest rate policy wrong. He also wants the Federal Government to review the central bank’s charter.

However, is this a vested interest speaking up on behalf of the members without taking into account Australia’s best interests?  It is clear the Aussie dollar remains particularly high hurting amongst others our exporting manufactures. But this is not the venue to take issues which could talk about government support, productivity inprovement and wage agreements.

It is though the place to debate given the two or even three tier economy where your next property investment should be located. I listened over the weekend to a well known real estate person saying he only buys properties close to where he lives. It seemed from his conversation he has quite a few.  I just never get this.  The area where you live would have to be very special to believe this is the best opportunity in Australia for you and your future property wealth creation.

We know MyProp members, like us are passionate about creating investment property wealth and establishing a passive income for early retirement. So with this agenda where do you invest?  Do you look for capital growth first and followed by cash flow positive income.  Can you achieve both from the start. We believe you can. And will be offering a mentoring program to show you how. Email us for info: admin@myprop.com.au   As we don’t sell property we are completely independent, but we can introduce you to our professional colleagues who have agreed to reduce their normal charges to our members.

With the likelihood that Australia’s economy is in a transitional phase its important to know to invest to get the best from rental and capital growth and there will be certainly different areas to consider.

Cheers

Antony

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