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MyProp Mentor Me!

Working with you to achieve your aspirations in building wealth creation though rental investment property ownership.

Recent Posts

When advising our clients we like to develop a “risk” profile with them. It’s a balance of their risk appetite and risk of the properties we will consider with them.  For example a mining town with no other industry or growth drivers to support it could reach our maximum high risk factor of 10.  A stable inner city property with low available rental accommodation, with strong population growth would score a much lower value.

 

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What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster


Everybody has their view. The Christmas cycle of companies making changes with their staff has caused some disquiet in some mining towns especially in the Pilbara region, when the market was spooked following the dramatic pullback affecting infrastructure development in October last year when iron ore prices dipped to $86 a tonne.  Since then they have dramatically recovered to $150 a tonne although these high prices are expected to be temporary. But it has left many investors very unsettled.

 

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What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster


In a boost for retailers investment property owners and homeowners ahead of Christmas the Reserve Bank has cut rates on Tuesday. This will provide a saving of about $600 for the average homeowners with a $300,000 mortgage if banks pass the rate on to mortgage holders in full.
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What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster


According to a report commissioned by Commonwealth Bank, KPMG advise housing is affordable now as it has ever been since 1950 when it required 7 times average yearly income to purchase a home. It now stands at less than 6.9.   This is probably due to a slight decline in house prices in many parts of Australia and the fact that many families have salary income from two partners rather than just one.  

image: 

What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster


We’ve  spent a few days chatting to discretionary  retailers in NSW.  We wanted to know what is happening to sales.  We’ve long thought things were pretty bad, although we hear of GDP increases and statements well over 12 months ago saying the NSW economy would be moving along in a higher gear by now.  We asked a number of retailers three questions. 1) How is business.

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What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster


Well, that’s what I’ve being reading during the past few days.  Do you remember when gold almost touched US$2000 an ounce last year?  The analysts were chanting it was on an nonstop ride to $US5000 an ounce.

 

image: 

What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster


 

Apartments

Air Space

Boarding House

Car Park

Duplex

Industrial

Heritage

House

House and Land Package

Marina Berths

Off the Plan

Portable Homes

Residential Resort

Retail

Rural

Seniors Living

Self-Storage

Serviced Apartments

Student Accommodation

Time Share

Terrace

Town House

Vacant Land

 

image: 

What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster


The economy continues to remain quite gloomy and with the loss of 27,000 jobs in June adding more to negative investment property sentiment.

 

So good time to be looking to buy a rental investment? 

 

image: 

What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster


Where is this City?

 

There are approximately 2 million apartments in Australia, but for the property investor you need to know where to buy to achieve both maximum capital and rental growth.

 

This City currently is not the best example with a recognised over supply in the inner City and nearby suburb. What is likely to follow is both modest rental  demand and slow or even negative capital growth.

 

image: 

What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster


Gladstone property investors will be interested that Origin Energy and its partners announced yesterday they are to push ahead with stage two of their $23 billion liquefied natural gas project in Queensland. The expansion will double the project's expected LNG output capacity to 9 million tonnes a year. The approval of the second train of the APLNG project in Gladstone will take the project's value up a to whopping $23bn.

 

image: 

What is My Prop?

The best online property investment advisor and manager, working for you

Knowledgeable, Comprehensive, Independent and more powerful than a Spreadsheet

  • Track, maintain and manage all income, expenses, depreciation and deductions
  • Saves time, money and gets more tax back
  • Build more wealth, faster