Rate the Guru

No, he specialises in the QLD market. However, I have read some of his comments on the QLD market, which explains why this market has not boomed.
Jobs?

He does not appear to spruik this market for his own gains but provides the tools.

 

Matusik is one of - if not THE - worst of all of them. Google Gladstone apartments and his name, he was spruiking 2 bedders in the CBD of Gladstone (whatever that is) then even though anyone who spent even one minute in Gladdy knew that was going to end horribly. Was still pushing its potential in 2014 when the bust was kicking in, likely screwed a lot of people. Made me laugh when I saw that crap, like "Stone apartments", then sad to see the people getting burned.

 

Really. that is an eye opener, thanks for sharing.

I did not know he was selling product? Taking a bite at each end.

I was referring specifically to the information/data he was providing to investors, informative and provided resource. So this is the hook, line and sinker approach.

BS alert....

When was he selling the stuff in Gladstone?? We have a few investors who got caught up buying this crapola

MTR

 

Gladstone property market cooling, with some 20% price corrections: HTW

https://www.google.com.au/url?sa=t&...oDVQQFggnMAE&usg=AOvVaw2QkS2AsmJeF5l8_meYWy-Y

I'm not saying he personally was selling anything. But look at these docs and then the trajectory of Gladstone real estate since 2012. Then think about if you took that advice. I have family in Gladstone i tried to talk into selling back in 2012 because you could see the end - LNG companies themselves kept saying massive job losses were coming and when - but experts like ryder and matusik kept saying how great an investment it was. Houses alone are worth half now if you're lucky, let alone apartments. Good luck trying to rent them out too.

Hot air aside, there’s still plenty of gas left in the resources boom: Ryder - SmartCompany

 

Just had a quick read Matusik was warning not to buy in 2012?
Mining boom ended in 2007?? certainly in WA, not sure about Gladstone.
Have I got it wrong?

 

The 2nd link is a sales pitch for 2 bed apartments in gladstone cbd from matusik dated november 2012. The first link is january 2013 from htw saying gladstone was tanking. Wasn't a mining boom, it was natural gas pipelines. Plenty of horror stories on here.

 

Ian and Lindy were spruiking Gladstone apartments when it was all the rage. We were invited to Ian's newly bought penthouse in the city with others for a xmas party as a precursor for selling their Gladstone units from developers I assume (don't know for a fact) they got kickbacks from. The numbers/risk didn't make sense to us then, but the party was fun. All those people who bought then would have ended up with negative equity today, some big time.

Our Team of Investment Property Advisors

 

Australia to suffer 'biggest property collapse since Great Depression' - Harry Dent

Melbourne, Sydney, Brisbane and Perth are on the verge of the most violent property collapse since the great depression, economist guru Harry Dent has said.

Speaking exclusively with 7News, the author, economist and property guru says as an entire country, Australia is the most over-valued real estate in the developed world.

“I think it's probably going to go down at least 30 percent to kind of take off the bubble, [and] I think 50 percent down the road is even more likely,” Mr Dent said.

... in 2014!

“I think the most dangerous years are 2014 and 2015,” he said.

He really nailed that one!. What do you reckon @Leo2413

Australia to suffer 'biggest property collapse since Great Depression'

 

Harry Who???

Only Harry I know and care about is Harry Triguboff The Dents of the world are of no significance to me.

 

A few years ago Harry Dent wrote 2 books
- one about the forthcoming boom ahead
- the other about the forthcoming crash

 

I think he was talking Australian property market but he is from US what would he know

MTR

PS
What do I know about US?? hehe.... its a tough gig, but it can be done successfully

 

Clearly someone took an axe to his head causing him to be in two minds about it.

 

Harry S. Dent Jr. (Author of The Demographic Cliff)

Harry Dent has written heaps of books. American by the looks of it.

 

The mining downturn certainly must cause serious blushing from a lot of Oz experts

 

Well I guess a saying I heard a while back was wrong "Buy near a mine and you'll be fine".

HAHA!

 

This is Sam Saggers' 2011 book https://www.positiverealestate.com....ow-To-Be-A-Part-Time-Property-Millionaire.pdf

It's basically a sales pitch for his company Positive Real Estate. Back then (and before) he was spruiking 'cashflow positive' properties in D grade locations (eg regional and mining towns which proved disasterous for those who got in too late). Positive Real Estate was founded with Jason Whitton (formerly from the Entrepeneurs Success Centre). The latter was linked to the now collapsed Richmastery and Phil Jones - referred to at Get-rich advert fails truth test & 'Get rich' company in liquidation .

Fast forward to 2018. My local library had a finance display. Shown was Saggers' latest book. https://www.amazon.com/Future-Property-Investing-Australia-Buying/dp/0648018075

It's very different. One-horse towns are out and inner suburbs of our big cities are in. A lot of time is spent on how international investors stockpile apartments (which may be left vacant) as a store of money and to facilitate migration should their domestic government turn bad. Also on convenience and walkability.

Elsewhere in the book is a list of high-end features, finishes and building services which your average 3 bedder in the middle burbs doesn't have but your modern high-end apartment might. Even high body corporate fees seem to be accepted due to the lifestyle advantages that what they pay for confer (to the tenant not the owner!).

I didn't read all the book but it seems to be consistent with buying expensive inner city apartments for their depreciation tax benefits (to allow multiple property purchases as long as you're working on a high income). So a change from 5 - 10 years ago but it remains to be seen as to whether it works out well for investors. Mostly good but some bad reviews at Positive Real Estate

 

This probably describes us to a T @Leo2413 listened to what a property guru was predicting instead of thinking about what we had experienced in the Sydney market in 2005 for ourselves. Bought in QLD because Sydney was ‘overheated’ in 2014....actually kicking ourselves now. We have learnt a valuable lesson. We’ll be ready for Sydney next time just hope our QLD properties come through with some equity ready for the bottom of the Sydney market.

 

Interesting that some of the guru’s are starting to say this again now!

 

Think also been marketing stock developers offloading
It does not take much to work it out, just need to look at what stock he is selling and the price

 

Sometimes it's kinda a do and learn process this whole investing game Personally I don't believe there is such a thing as 'property guru' with all the answers. That's why I'm such a strong advocate for learning this stuff from the bottom up, especially focusing on how to do thorough DD on markets and then stock types. It's all a learning process, sometimes quicker sometimes slower. You've learnt many valuable lessons I bet which you can now use moving forward.

Btw I like your status comment "life waits for no one". Reminds me of my dad's similar, but more crude "time waits for no fool".