Did you know that up to 30,000 people in Australia’s richest suburbs are under financial stress now?
For example, as the AFR reports today:
“Hundreds of households in Sydney’s harbourside Vaucluse, where the median property price is $4.5 million, or Melbourne’s bayside Brighton, where a median priced house is $2.6 million, are being severely squeezed as costs continue to stretch incomes…”
Here’s the snapshot of what’s happening.
Many of the folks in these suburbs may earn a lot, but they also spend a lot.
Volvos, School fees, etc. don’t come cheap!
And, in the last 3 years of the property boom many have also borrowed a lot.
“They’ve bought property in premium suburbs in the best performing markets in the world and they suddenly think they are always making money, despite earning the same amount of pay” says a prominent buyers advocate of high end homes.
Financial stress is terrible, and I wouldn’t wish it on anyone.
Sadly, many of these families will be forced to sell their properties – possibly at distressed prices.
Despite having perhaps $1 or $2 million of equity in them because of the recent price boom.
For example, a recent report suggests that in Melbourne’s affluent bayside suburb of Brighton…where a beach box sells for $300k+!…
Up to 1,000 families are under distress or could be forced to sell in the next 12 months.
This is the challenge of building property wealth (equity) without amassing rivers of cashflow to support your portfolio and lifestyle….
That’s why the new property event ‘Deals on Fire’ is about you creating new rivers of personal income – as well as new-found equity.
At this event, you’ll discover multiple different ways of creating cashflow in your portfolio
- How to double or even triple the rental cashflow on a capital city property – without renovating or sub-dividing it. It’s possible when you get this type of tenant.
- How to potentially earn up to $300,0000 per year in extra income through small developments. Without putting money into the deals yourself, getting a bank loan or even speaking to a builder.
- The secret of getting up to $20,000 per year income from a $450,000 property. That’s money in your pocket after loan repayments.
- The ‘Buy and Flip’ trick to making fast money through real estate. A Brisbane investor recently used this secret to make around $60,000 in less than 2 months.
Hope to see you there, so you can learn the secrets of being ‘cashflow rich and equity rich’ through real estate.