Now that Pop-Star is in the seriously old age group, and has his home on the market to fund a move to a retirement village, he has had cause to think more deeply about Australia’s property market.
He has recently found blogging on topics of financial and community interest to be an all-absorbing interest but one that risks him becoming more of a bore than he was.
He feels for many Australians who have lost large and some massive amounts of money they had set aside for their retirement. To their consternation they usually have no redress, and receive little or no help from regulatory authorities.
Some lose money when the stock-market crashes, but larger losses often result from investing in adviser recommended, highly geared property development failures. He has long wondered why more Australians don’t invest directly in property themselves, and avoid the high charges of developers and the associated risks. No doubt it is because they lack knowledge of the property market, and may not receive good advice about how to go about it.
Pop-Star vividly remembers a simple commonsense piece of advice from one of his surgical mentors. It is advice of which many are ignorant or chose not to heed. “When you have a problem, get the best advice and management you possibly can. If still in doubt, get a second opinion. Back your own judgment only when it is well-based”.
Family reunions, and renewed contacts with friends, is one of the joys of Christmas. It is also amazing what you can learn from your children, and grandchildren too – when they are around. From his daughter-in-law Pop-Star has learned that there are financial organizations specializing in providing the best advice for those able and willing to invest for themselves in the property market. She works for one such company based in Melbourne. It is known as Empower Wealth, and was founded by Ben Kingsley. The link below is to an article he has written on realestate.com.au Excellent advice. Do read it.
Buying property can be one of the best ways to invest your money and build wealth. Yet new investors often feel overwhelmed at the thought of taking the plunge into property.
Pop-Star has no personal involvement with Empower Wealth, and has no ability in property investment.