Is 2016 the year you’ll make a killing in the property market?

or be killed if your not careful

 

Thanks Leo2413
Big fan of your replies and recommendation(especially one for newbies). Bought two books today.

 

Actually, to increase ones net worth by 50% in a year would only require their portfolio to achieve 10% CG.
This is assuming one is leveraged at 80% LVR and all their funds are invested in property.

Hoping Brisbane will produce the goods over the next couple of years.

 

Hoping to increase my net worth by 300-500% this year after increasing it 600% last year. That would also mean I surpass the magic million of equity this year too. Which in my mind would be making a killing in 2016.

GLTA2016

 

That's awesome mate!

 

I don't expect to make a killing, but if I do will someone say I was with them the whole time?

 

@Leo2413 I will do everything humanly possibly (of course ethically) to make sure it is my most financially successful year to date! In my mind there is no other option. I have to get it done!

 

Which ones did you buy mate?

 

No it won't be my year but will improve on last year

 

A 5% rise across my portfolio would be a nice increase to our net worth. I'd be happy enough with that.

 

These are the two you recommended.
The Seasons of Life
Jim Rohn
Secrets of Power Negotiating, 15th Anniversary Edition: Inside Secrets from a Master Negotiator
Dawson, Roger

Couple others

Think and Grow Rich: The Landmark Bestseller - Now Revised and Updated for the 21st Century
Napoleon Hill (read before as audio book,but This one i need to have on shelf).
The Millionaire Next Door: The Surprising Secrets of America's Wealthy
Thomas J. Stanley

 

@raj_27 check this out, can save you a lot of reading! Plus food which books you want to read more of
All Videos by FightMediocrity: All Videos by FightMediocrity - YouTube

 

Thanks bob , I will check those out.

 

Buy cheap properties in areas that will obviously boom with high demand and limits to supply.

Tiny beach shack sells for $1.3 million on the Gold Coast

 

Isn't property investing a long term game? I don't really get the idea of "making a killing" in your first year? After buying costs it's not unusual to lose money in first year. And 1%? Might as well just stick your money in the bank and make 3%, that's more of a "killing".

 

It's a 10 year plan (maybe longer) depends on when the next boom happens in Sydney, when that happens, I'm done . Terms are relative. To a 20 year old 10 years is not really a "long term" investment as they would only be 30 (still young) upon completion of the term. For me 10 years takes me to 50 which in my own personal opinion is getting a little towards the time when I want to ease off from the daily grind and start slowing things down .

Up until this year i have made zero money from investments because I have never invested (except obviously my PPOR has risen). Hence why even 1% to me is huge because I have no benchmark for comparison .

In order for this plan to work, if I could average 5% per annum I would be extremely happy.

 

If you're only after 5% PA then I would suggest there are far lower riskier investments around that could net this compared to investing in Sydney at a time which is arguably at the peak of the cycle.

 

I'm not investing in Sydney (at least not for another 8 or so years), it's where my PPOR is (hence waiting for another boom to enjoy the CGT free PPOR sale)

I am after as much as I can get, averaging 5% is what I have done my baseline figures on for my plan.

 

Sounds like a realistic aim, the asset would take just over 14 years to double in value.

 

How do you guys calculate the values and growth of properties in your portfolio?

I'm assuming it's based on change of medians over a year. What sources do you use to get your medians?

For me, any growth is good. Bought first IP in 2016