How to Grow a Multi-million Dollar Property Portfolio in Your Spare Time: With Insider Tips from Your Millionaire Mentor

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Wilkinson Publishing, 2006 - Finance, Personal - 240 pages
Since the first edition was written over 2 years ago, the property markets throughout Australia have changed dramatically. On the East Coast the markets have moved out of their slump to a strong market and in Perth and Darwin the property markets have slumped. When I first wrote my book I was alone in saying that it was time to take advantage of the countercyclical opportunities our property market presented, when others preached doom and gloom. Now many other commentators have realised I was correct. Our changing economic conditions, interest rates and property markets mean that some of the strategies, techniques and ideas initially discussed now need to be updated. All this means is that the new edition of the book will be a valuable resource for both the beginner and experienced property investors for the foreseeable future.

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Michael Yardney is has a wealth of experience in property industry, through buying, developing, managing for others, and selling. He has a good birds eye view of Australian demographic and migration changes, and how it will affect the future demand for housing. So he can speak with some knowledge of the coming boom in property. He also shows the reader - with bar charts, line graphs and data sheets - the long term growth in the capital cities and more personally, the example of how ordinary investors can gain wealth through capital growth of investment property. I believe he has covered most of novice investors' frequently asked questions and disspelled some commonly held myths about investing, as he explains about counter-cyclic investing, economic cycles, and all the secrets of buying property. As a financial writer myself, I have learned to have a wider view of investing from this book. As a Do-it-yourselfer it provides the necessary details of gaining wealth through property. Michael even goes into the psychological aspects of "buyer's remorse", desperation, losing your nerve, and the other human frailities brought out under the pressure of procuring large investments. 4.5 stars - highly recommended for beginner/intermediate levels of investor. 

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