Post to Facebook on 24/11/2019 12:08 AM
Commenting on “Rising listing numbers hint at bumper year for property sales in 2020”
In recent months, many gurus have been promoting their get rich quick programs in real estate and other businesses, and I responded to several of them. Some ignore me while others just block me.
I keep wondering why those who claim to have earned mega millions want to give away their secrets in exchange for the blood, sweat and tears money of the struggling souls. They don’t need everyone to be suckers of the get rich schemes; a couple of hundreds on each occasion during the campaign period will be suffice to top up their bank account.
Domain and competitor realestate.com.au have been hyping the rise of the real estate market, but the auction results have been telling a different story, going up and down like a yo-yo. Last week saw a rise to 75%, but drops back to 70% this Saturday.
It is undeniable that listings are hard to comeby. Unfortunately, not only both companies, but also many gurus and industry experts have been telling their readers or followers that the number of listings is increasing which points to a bumper 2020. Can that be true or is it an over simplistic view of market movement?
Consumer confidence is still not there to support that view, and the scary news about global recession with Australia being one of the forerunners to be hit hard. It is important to remember what I have been telling you - not only must you reduce expenses, but also more importantly increase your income.
If you are saving to buy a property say $600,000, you need to save up at least 20% before your bank or money lender will top up the rest. That 20% is equal to $120,000. Many people, including readers in group, do not spend enough time or no at all researching for bank interest rate on deposit. They whinge about the low interest received from their bank, and yet do nothing.
One bank is offering introductory rate of 2.35% for 4 months for new depositors. This is bonus plus standard rate variable rate. I believe this is at least 1.5% better than what many of you are getting. The extra money on 1.5% variation over 4 months is extra $600. Just for about an hour of dropping in to the bank or on the computer, you earn another $600.
There are other ways to bring a little extra if you recognise the power of skill transfer and marketing. I have been mentoring some job seekers to learn about these.
I have blogged about marketing before. Doing it right, one can get a pay rise even during difficult economic time, or increase sales. If you work on a commission basis, increase sales means increase income.
However, if your are in transition, a nice way to say unemployed, good marketing skill may give you the edge to get the next job.
Please also remember, Knowledge is Power, and you must spend your spare time to read and improve yourself. I can do it, so can you.
Thank you for reading.
Commenting on “Rising listing numbers hint at bumper year for property sales in 2020”
In recent months, many gurus have been promoting their get rich quick programs in real estate and other businesses, and I responded to several of them. Some ignore me while others just block me.
I keep wondering why those who claim to have earned mega millions want to give away their secrets in exchange for the blood, sweat and tears money of the struggling souls. They don’t need everyone to be suckers of the get rich schemes; a couple of hundreds on each occasion during the campaign period will be suffice to top up their bank account.
Domain and competitor realestate.com.au have been hyping the rise of the real estate market, but the auction results have been telling a different story, going up and down like a yo-yo. Last week saw a rise to 75%, but drops back to 70% this Saturday.
It is undeniable that listings are hard to comeby. Unfortunately, not only both companies, but also many gurus and industry experts have been telling their readers or followers that the number of listings is increasing which points to a bumper 2020. Can that be true or is it an over simplistic view of market movement?
Consumer confidence is still not there to support that view, and the scary news about global recession with Australia being one of the forerunners to be hit hard. It is important to remember what I have been telling you - not only must you reduce expenses, but also more importantly increase your income.
If you are saving to buy a property say $600,000, you need to save up at least 20% before your bank or money lender will top up the rest. That 20% is equal to $120,000. Many people, including readers in group, do not spend enough time or no at all researching for bank interest rate on deposit. They whinge about the low interest received from their bank, and yet do nothing.
One bank is offering introductory rate of 2.35% for 4 months for new depositors. This is bonus plus standard rate variable rate. I believe this is at least 1.5% better than what many of you are getting. The extra money on 1.5% variation over 4 months is extra $600. Just for about an hour of dropping in to the bank or on the computer, you earn another $600.
There are other ways to bring a little extra if you recognise the power of skill transfer and marketing. I have been mentoring some job seekers to learn about these.
I have blogged about marketing before. Doing it right, one can get a pay rise even during difficult economic time, or increase sales. If you work on a commission basis, increase sales means increase income.
However, if your are in transition, a nice way to say unemployed, good marketing skill may give you the edge to get the next job.
Please also remember, Knowledge is Power, and you must spend your spare time to read and improve yourself. I can do it, so can you.
Thank you for reading.
