For my 2 cents worth I got my grounding working for a commercial developer in the late 1980s. The only good thing that happened in 1990 was I got married. The rest of the year was all bad. I saw a lot of people who had invested in small factories and offices go broke as the recession cut in. As a rule of thumb a commercial investment value is based on the return do if you have a building with a 10% cap and it is rented at $25,000 per year the the building should be worth$250,000. What happens if you lose the tenant, what is the property now worth. With residential property this does not happen. When dealing with the banks you will often recieve a 90% lend or higher with residential or only around 60% for commercial. Also remember that in my view if you are going to invest in commercial it should be for blue chip property. The entry point for this type of real estate is normally a lot higher than residential. If you are interested in commercial I would look at perhaps investing in a shopping centre via a syndicate, this way you risk is low and generally the returns and capital grow are good.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest

Also remember taht when Steve wrote the book we were in a different part of the property cycle. To be successful in investing means that you have to be open minded and to research other markets.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest

You cannot afford to take a black and white approach to investing. It is a matter of looking at where the market isd moving and invest there. If you invest in ther wrong area it is a bit like putting the money in the back and thebank charges you

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest

I am sure that you will find that they recieve commissions, they are not a charity. They are more likely a marketing company

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest

Hi

I buy property for people, however if you live in Perth and really want to understand what you are doing then do it your self. Leatrn and understand the market. Research the best areas then get to know it like the back of your hand. If you are wanting to buy a propertyy outside of WA or Australia there are good reasons to use a buyers agent. Because to learn and understand a market you neen more than two or three days.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest

I am a property researcher and have also been assisting clients with property in New Zealand. I still think Christchurch is a great place to purchase. I only buy properties once I have inspected them,. I also have a number of people on the ground such as property managers, ac<edited>ants building inspectors I use to double check my own thoughts. Always make sure that whoever you use inspects the property.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest

Every insurance company has a formular for working out what a house shjould be insured for. If you ring your company there will tell you what you house should be insured for. If your property is insured for less than the insurance companies requirements it means your are under insured and if you need to make a claim you may find that the insurance company will not pay out the full amount. So dont second guess check with your insurer.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest

You will find with servicesd apartments that in many cases you will only get finance for 60-70%. Also it is unlikely that there will be any capital growth.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest

The real problem in Australia is that while the politicians look to give us a $10 per week tax cut the real issue is that as the population ages and many of those people will not have enough money to retire on there will be less money being spent within the economy. While the economy is awash with funds from GST revenue we should be doing two things, firstly we should be putting in money into infarstructure spending and secondly we should be looking at ways to encourage people to save money. Keep in mind that in New Zealand when the GST was introducted in the 80s they also abolished Stamp duty and capital gains tax. Even if we sad that if you own an investment property for 15 years then you are capital gains tax exempt. This would at least reward people for long term savings. Unless we start to address some of these issues you have to ask what will drive capital growth in the future.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest

Plans get bigger they just cram in more seats. In 5 years Quantas have reduced legroom from 34 inches to 31 inches. I wonder if the 380 will maintain current legroom and comfort or will they try and look after people a little better

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest