Government spending rant…
Too often we think of the government as a separate entity, like a company nearly.
But government is just a cumulation of the 30-60%+ of the income they take from you and I through income taxes and all the other taxes levied.
When you ask yourself the question, should the government be paying for this random program. You can often come to the conclusion that they should, because it feels as if someone else is footing the bill.
But if you were to phrase the question as should I be paying for this random program(because you are),the answer will often be very different, usually no or at the very least a lot more questions about If the spending is actually necessary.
A lot of government types are highly educated career politicians and live in the Canberra bubble. They fundamentally believe that they know best when it comes to the states finances. Despite the fact they have never created any wealth and only received income from the tax payer.
They believe bigger government is better as highly educated types with multiple PHD’s can manage the country’s wealth better than the free market that made the country wealthy in the first place.
Anyway, moral of the story is when you see the government spending money on something. Ask yourself why you worked half of the year(50% of your income) to pay for this…
#australia #sydney #canberra
Building property portfolios...
Congratulations to our Sydney based clients who just went unconditional on their second investment property.
🏚️ We purchased their first investment property for them in Brisbane 2 years ago for $652,000, now valued at $850,000+
🏚️ We have just gone unconditional on their 2nd property, this time in Geelong for $550,000, using equity from the Brisbane investment.
✅ Saving your way to a multiple property portfolio is unrealistic for most people.
✅ What you need to do is buy great investment properties, release equity to purchase more properties when growth occurs, rinse and repeat in the accumulation phase until you reach the number of properties required for your goals.
✅ Then transition the portfolio to higher yielding assets and paying down debt🚨
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Percentage change in population from June 2020 to June 2024.
Sydney +4.9%
Brisbane +9.2%
Melbourne +5.7%
Adelaide +5.5%
Perth +10.2%
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