Dear Fellow Property Investor,
I know it can be difficult in a market where property prices in Sydney and Melbourne are going backwards, to see things as they really are.
Seeing the bigger picture can be difficult for the average Australian whose education comes from the media.
But, for those of us who know our history, we have seen this all before.
You see, the Melbourne and Australian property market is cyclical in nature, and hence quite predictable, but only to people who have taken the time to educate themselves.
Here is the Australian Property Clock depicting the exact location we are currently in the property cycle, from HTW Valuers.
My advice to you is to STOP buying into the HYPE and get educated!
And if you are already educated, well, start buying, as there are bargains everywhere, and the fundamentals of key suburbs have not changed and will NOT change in the medium and long term.
What I mean by that is, that suburbs like Truganina and Melton will ALWAYS be terrible investments, and Elwood and North Melbourne will ALWAYS be a good ones, in terms of opportunity cost.
This is true, regardless of whether you overpay or underpay for a property!
I would rather overpay for a great property in Elwood or North Melbourne, than get a bargain and underpay for an investment property in Melton or Truganina.
Despite what the scare-mongering media would like you to believe, I can assure you that the Australian property market is not going to collapse.
History suggests that we are in, or are entering, a mid-cycle event that has occurred fairly consistently here and in America and the UK for the last 200 years.
It’s important to remember, as property investors that we only get one or two great buying opportunities every 18 years.
And mark my words, the next 12 months represents one of them!
But here is the thing… your current level of SPECIALISED KNOWLEDGE and AWARENESS will determine exactly how much money you are going to make in the next 12 to 24 months!
If your current level of awareness is low in the field of property investing, then the likelihood is, that you will be sitting on the sidelines, watching educated investors snap up all the bargains!
You see, individuals with a lack of knowledge or awareness are completely paralysed at the bottom of each and every property cycle…unable to make a buying decision as they buy into the media hype that the ‘Sky is Falling’, ‘Armageddon is here’, and my very favourite; ‘THIS TIME IT’S DIFFERENT’!
“This time is really going to crash, or stay very low for the next 3 years,” or 5 years, 10 years, 20 years, 40 years…(you pick a number)!
And of course, it is all absolute BS!
I have seen this all before…but this is my favourite part of the property cycle, where I buy and buy aggressively!
Then, 2 to 3 years from now, when we enter the growth part of the property cycle, again, people will be saying, “Oh yeah, you were just lucky, but that will never happen again…”, just as it did in 2008 during the GFC when I was buying aggressively!
The Key Fundamentals for property investing never change!
So, you have a choice…whether you like it or not, you will be placing yourself into one of the three following categories in the next 12 to 24 months…
You will either play the game, watch the game from the sidelines or 24 months from now, wonder ‘what the hell happened’? You’ll be wishing you could go back in time and buy an investment property at the very bottom of the property cycle.
Remember this, my friend; there is more money made at the bottom of the Australian property cycle than at any other time in the market, as wealth is transferred from the uneducated to the educated…
You get to choose!
See you on the inside!
I look forward to meeting you at the event!
Yours in Success,
KONRAD BOBILAK