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Time Is A Major Real Estate Wealth Growth Tool, So Use IT And Watch Your...
In Real Estate "Time" is a Wealth Development Tools Real estate wealth, From The Desk Of Colm Dillon Hello, Colm here ... In this report I use figures from my area of the world ... I know they don't apply all over the world, but they should encourage you to get the figures for yourself. After all no report is going to make your money grow ... it's the knowledge you gain and "Your Application Of The Knowledge" that makes your financial wealth Grow. In another report I gave you a concept I borrowed from Phil Ruthven, a truly wonderful speaker on economics, on how he looks at Home Ownership. Now I want to look at the Tools we have available to help us Grow!real estate wealth, So folks, if you want Real Estate Development, you must use all the tools available to you to get some. Of all the tools you have, the single most important one is TIME.real estate wealth, 1. Time is your greatest friend. Time to buy good investment property and let it double in value every 8 to 10 years or better.real estate wealth, 2. Federal Government Real Estate Investment Tax Deductions are another tool the Government uses to tell you in Words, Dollars and Cents that they want you to get wealthy so you can look after yourself to your final days. real estate wealth, 3. Correct Financial tools are also vital to your wealth development. See my report of Finance. I will go into some further detail in this section on the use of Evergreen Lines of Credit and how they work. 4. Good Real Estate Management is the next tool. Well-managed and well-maintained real estate investments, that houses good quality tenants is also essential. Trying to do this work yourself, is a mistake. See my report on Property Management. real estate wealth, In Australia, it has been instilled in our consciousness, that we must all own our own home. And there is nothing wrong with the concept. It's just that we should have been told to rent it out; Don't live in it. By buying a house TO LIVE IN, while we are young, we are wasting the wealth creating tools of Time, Double Income, (if married) Property Income and Tax Deductions. No wonder so many people have to play catch up later in life. real estate wealth, So the first clue to Real Estate Wealth Development is don't buy a residential property for you and you partner to live in. You buy a house as an investment and you rent elsewhere. Growth Tool No. 1 - Time Time is your greatest friend. Real Estate is a long-term investment and by being loyal to it, the real estate will reward you handsomely all through your life. real estate wealth, You can prove this to yourself, as I did, by getting the figures of average house sale prices, from the Australian Bureau of Statistics for Brisbane, the largest City in Australia. To save you the trouble I got the figures and I painstakingly went through them in order to validate the old wives tale that, "real estate doubles every seven years." Well, it does better than that, you'll be pleased to know. I was able to get the figures from 1973/74 to 1994/95. I think I started there because that was when I arrived in Brisbane on transfer from Melbourne. real estate wealth, That is a twenty-two years period, during which we had several credit squeezes, a few recessions and a few good times as well. In 1973/74 an average house price for the whole of Brisbane was $23,234.00. That average includes the best and worst house and suburb. Seven years later, in 1980/81, it was $43,470.00 an increase of 87%. However by the next year, the eight-year, it had risen to $56,757.00 giving an increase of 144% from 1973/74. So you see that it more than doubles by the eight year. real estate wealth, Going on a further seven years from 80/81 to 87/88, the $43,470.00 went up to $83,679.00; a further 92%. Interestingly, going on one more year to the eight year, it had again increased to $113,917.00 giving an increase of 162% from 1980/81. A further seven years from 87/88 to 94/95, the price of the average house in Brisbane went up to $163,325.00; a further 95% increase. real estate wealth, Unfortunately the Bureau amalgamated the Shires of Logan and Caboolture into this statistical base and I could not extract the figure for the eight year. However on the evidence of the previous 22 years I believe it is safe to assumethe increase would be at least 5% making it an increase of 100%. real estate wealth, So these figures prove that over a period of 22 years the asset has increased by seven times its original value and all you would have to do is buy it at the beginning. I hope this gives you some idea of why TIME is so important to growth. And remember that I am talking about average prices, I am not talking about hot inner suburbs that will obviously do much better. If you REALLY understand these figures; you should ask yourself why you are willing to miss out on buying good real estate by stopping negotiating for the sake a few hundred or a few thousand dollars. I've seen this done many times because of stubborn-ness. Crazy! real estate wealth, For goodness sake it's the Real Estate Asset that is in short supply; not money. If you have found real estate that fits your criteria; BUY IT! The Real Estate Development Coach Copyright Colm Dillon, October 2003 Colm Dillonauthor of "Residential Development Made Easy" the only 'How To' Become a Developer eBook, selling in 38 Countries, has developed $1.2 Billion worth of real estate - read more on his web site http://realestatedevelopmentcoach.com/realestatedevelopment.html
MORE RESOURCES: Celebrity Broker Sues National Association of Realtors Over House Listings The New York Times Senate Passes Tax Bill With Major Wins for Real Estate National Association of REALTORS® Meet HBJ’s 2025 real estate power players Hartford Business Journal 4 real estate investors shared with us an overlooked advantage to buying property - Business Insider Gautam Singhania on luxury real estate: ‘If Raymond can make 16 lakh jackets, why not 100 crore apartments someday?’ Hindustan Times New commissions case pulls in brokerages that settled Real Estate News by RealEstateNews.com Real estate heir to buy another building in a troubled retail corridor The San Francisco Standard Real Estate Transactions, June 30 edition Hopkinton Independent New Report Highlights Increasing Demand for Technology-Driven Solutions Across the Real Estate Market PR Newswire Rocket completes purchase of real estate site Redfin Detroit Free Press Northeast Arkansas real estate agency announces rebranding K8 News | Jonesboro, Arkansas 'Keep it moving': HGTV cancels TV show hosted by Georgia couple after 4 seasons Savannah Morning News Howard Hanna Real Estate Services Donating More than $20,000 to UVA Health Children’s UVA Health Newsroom AXIS Real Estate Expands Comprehensive Brokerage Services in Phoenix to Meet Growing Client Needs Milwaukee Journal Sentinel Local real estate group joins Compass in New Orleans New Orleans CityBusiness Real acquires home search tech from Flyhomes Real Estate News by RealEstateNews.com eXp, Weichert still can’t avoid Gibson case Real Estate News by RealEstateNews.com MLS makes its case for dismissal of Compass lawsuit Real Estate News by RealEstateNews.com How AI Could Transform the Real Estate Sector Morgan Stanley PLS, Umansky ready for a rematch with NAR in refiled lawsuit Real Estate News by RealEstateNews.com Realtors: Home prices continued to dip in Sarasota, Manatee real estate market during May Sarasota Herald-Tribune Senate passes ‘Big Beautiful Bill’ with key NAR priorities intact Real Estate News by RealEstateNews.com See the biggest real estate deals of the past 15 years in metro Phoenix The Arizona Republic Maine Commercial Real Estate Transactions: June 2025 The Portland Press Herald Real estate: Home prices climb in St. Lucie, Martin counties; fall in Indian River County Treasure Coast News Hamptons Real Estate Market Data – Week of 6/24/2025 Hamptons.com Egypt Sherrod Shares Heartbreaking News About HGTV's 'Married to Real Estate' Country Living Magazine Rocket finalizes $1.75B acquisition of Redfin Real Estate News by RealEstateNews.com Top Performers in Real Estate 2025 Hawaii Business Magazine John M. Corcoran & Company Sells Lynnfield Commons, Retains Role as Property Manager Boston Real Estate Times Hyatt Announces Agreement to Sell Playa’s Owned Real Estate Portfolio to Tortuga for $2.0 Billion Hyatt Newsroom eXp Realty introduces CRM of Choice program HousingWire Sarasota real estate scammer sentenced to 18 years, defrauded company of $1.3 million Sarasota Herald-Tribune Arizona pension mulls another cut to its real estate allocation target Private Equity Real Estate | PERE JPFPF receives recommendation to commit $15m to real estate Private Equity Real Estate | PERE Portugal: VAT deductibility on real estate transactions and the winds of change International Tax Review The dreaded Zillow ban is finally here. Here's what you can do Business Insider Terry Cohen: A Force In Hamptons Real Estate Joins Compass James Lane Post The Tale of the Tribe Redfin eXp Realty selects Cloze’s AI-powered real estate platform for CRM of Choice program - GlobeNewswire FOREWARN, LLC Partners with MIBOR REALTOR® Association to Enhance Real Estate Agent Safety in Central Indiana Quiver Quantitative Campanelli-style ranch in Brockton that sold for $520K has been 'stunningly' renovated Enterprise News Principal Real Estate Income Fund Declares Monthly Distributions of $0.105 Per Share - Business Wire A Long, Winding Path to Selling Real Estate in the Hudson Valley The New York Times Will city give $9M in tax breaks for hotel on Texas State's campus? San Antonio Express-News June 24-27 Gulfport Real Estate Sales The Gabber Newspaper Jonesboro Real Estate Firm Halsey Thrasher Harpole Rebrands Arkansas Business Pinellas Beaches Real Estate June 25-30 The Gabber Newspaper Real Estate Strategic Outlooks: Mid-Year 2025 DWS Asset Management Regulations on wholesale real estate set to take effect July 1 The Business Journals Summer real estate forecast FOX 5 DC US Real Estate Report : Typical Home Affordability Not Within Reach For Many Households Crowdfund Insider Real estate business opens new Fleming Island office The Ponte Vedra Recorder PIMCO’s Trausch: ‘Uncertainty is now structural’ in real estate Private Equity Real Estate | PERE How Many Banks Have Failed in the US in 2025? Norada Real Estate Investments New Report Highlights Increasing Demand for Technology-Driven Solutions Across the Real Estate Market The Victoria Advocate Elite Houston Real Estate Team The Legacy Collective Brings 500 Annual Home Sales to Real Brokerage Stock Titan |
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