The market has fallen by a staggering 5.2% and the All Ords sits at 3,778 points this morning.

…So far, a 15% drop in 7 days… 25% since April!

But – as bad as the news is, we have seen it all before, right?

What’s currently going on only happened a couple of years ago.

Same scenario, the great recession of 2009 is back.

So what is likely to happen going forward? Look, nobody really knows… But here’s a few certainties.

We’re going to see the RBA seriously look at interest rates and act when they meet again to maybe drop rates by 0.5%.

In the next 6-12 months, my prediction is that the rates will fall to our 50-year low and hit 3% (that happened in the early part of 2009)… The cash rate at the moment is 4.75%.

There will be a flight to cash, gold, silver and despite the carnage, commodities.

There will also be a flight back to real estate.

I wouldn’t be entering into any new deals at the moment, I would be conserving cash and waiting for things to play out over the next 3-6 months.

Forget about fixed-rate loans. Forget about picking the bottom of the market.

…But I know from first-hand, traders have made a small fortune in the last couple of trading sessions.

The great uncertainty at the moment will have everybody worried, especially real estate vendors trying to sell their properties right now.

You’ll see a lot of crazy offers being accepted, simply because nobody is sure what might happen next. But that will be a mistake from their point of view, because I think interest rate cuts and the uncertainty of the equity markets will see real estate prices start to improve.

However, the top end of the market will be smashed… If you want to buy a cheap $10 million property – now is the time to sharpen the axe. You might pick it up for $5 or $6 million.

The bottom end of the market, the one that you should be interested in should stabilise and start looking cheap in a couple of months time. Don’t expect price drops, it’ll be cheap because there are likely to be increases.

You know, in times like this, rather than put your head in the sand and just forget about it… Getting educated in strategies that are perfect for this uncertain climate is what it’s all about.

Remember, future profits will be made today. If you sit on the sidelines and trace no action, especially with regards to your education, you’ll kick yourself in 12 months time for sure.

Signed with Success,

Jon Giaan
Knowledge Source

P.S. Hey! Personally, I’ve got several million invested in the market. And, probably lost a couple of hundred thousand in the last day or two. So I’m not totally real estate biased… But in the last GFC, I made a killing in the real estate market. I expect to do so again.

P.P.S. Bad news, yes. But a screaming buying opportunity for certain equities. But hey, not just yet… Let’s see what happens over the next couple of days.

In fact, the understanding of this inversed truth is one of the best realizations you can have when it comes to time and money.

See, the only thing you have in life is time.

From the moment of your first breath at birth, the clock starts ticking. The sands start to fall down the hour glass. The fuse of your life was lit and starts to burn down. You landed on a spinning orb whipping around the sun at a rate of 16,000 miles an hour. The countdown of the number of sunrises and sunsets afforded to you starts ticking off.

All you have from birth to death is the timespan between them.

Once you leave the nest you quickly realise you need to support yourself; food, clothes, shelter and the like.

These things require money.

So to get it, you start trading some of your precious commodity, time, for the money you need.

Here’s where the tragedy is for most people.

They don’t graduate beyond this stage. They spend most of their valuable product, the time of their life, simply trading it for money.

It becomes a never-ending treadmill of spending their time to gain money only so they can sustain themselves longer to spend more time working for the money they need all over again.

And we wonder why people are stressed out, unfulfilled, and not having the time of their lives.

Here’s what wise people do…

They learn the knowledge and skills to be better traders or their time.

The money they earn from their time they invest and have their money make more money, a surplus. This will allow them to eventually gain time freedom.

Wise people seek leverage of their time meaning they look for ways to earn money not directly tied to their time. This involves building a business where you earn money on other people’s time and effort or you spend a finite amount of time building products and services that can be resold over and over with no additional investment of your time.

This is what’s called an RROT, a reoccurring return on time.

The most overlooked time money relationship is wisely spending your money to buy back your time. Ask the wealthiest person on the plant, at the end of their life the one thing they wished their money could buy and their answer will always be time.

At the end of your life it’s the one thing money can’t buy – but along the way it can.

Let me give you the greatest secret of the rich and how to buy more time…

First, you have to know what price you’d be willing to pay for more time and that starts with valuing your time.

Let’s say you want to earn $150,000 a year.

At 50 weeks a year, 60 hours a week, (by the way, don’t kid yourself with just a 40 hour work week).

That means your time needs to worth $50 an hour.

Now here’s the “math magic” successful people know and apply.

How many of your 12 hours a day are you doing less than $50 an hour work?

What tasks, meetings, and functions are you doing that don’t yield at least a $50 an hour outcome? The first thing to do is figure out which of those tasks or functions you need to stop doing.

Those are a waste of time.

Next, which ones still have to get done but aren’t $50 an hour work.

That is where you can buy back some time by hiring somebody say at $25 a hour to do your $25 an hour work while you stay focused on your $50 an hour work.

You immediately have a margin of $25.

This is where I see most people not being able to get off the treadmill.

They spend their valuable time doing low wage work, thus not being able to prudently spend their time on activities that increase their income; filing, database entry, organization, research, eating preparation, common correspondence, bill processing, website maintenance, etc. etc., are activities that are neither not your highest and best used tasks or can be delegated at a much lower rate.

Now with your increased efficiency and increased income, you can invest some of that margin into buying back some of your time.

Cleaning your house, mowing your lawn, washing your car, changing your oil, planning your vacation and many other functions can be hired out so you can use your precious commodity, time, doing things that bring you richer, fuller, more joyous experiences; certainly more joyous than scrubbing your toilets.

So not only do you trade your time to get money, to be even wiser trade your money to get more time.

Does that make sense?

I hope so because it’s the key to making more money, spending less time and getting more from the precious little time we have on this planet.

Signed with Success,

Jon Giaan
Knowledge Source

Easy.

Find out what the rich are doing with their hard-earned money and copy them.

Here’s a good example…

James Packer recently bank-rolled two online retailers to the tune of $80 million.

…and that wasn’t even enough to buy the whole company, he ended up with 40% of it, valuing it at $200 million.

Now you’d think that company would be a US-based business, but in fact it was a little, old Australian outfit called, Catch of the Day.

So, the hot trend at the moment is online retailing.

Five years ago, Catch of the Day didn’t exist. It started out of a garage, selling stuff.

Today it’s worth $200 million… Worth paying attention to, don’t you think?

…but is Jamie just a rich kid with lots of money and taking a punt?

I don’t think so.

His track-record of picking online winners has been pretty good.

- He invested $33 million in Seek.com.au and turned it into $440 million.

- He threw in a cool $100 million into carsales.com.au and now that’s worth $462 million.

- He put a bit of pocket change ($20 million) into a company called PC Tools and now it’s worth $60 million.

But hey, I know what you’re thinking… SO WHAT?

You don’t have that type of cash, and it’s alright for the big boys because they’ve got all the contacts to create and get access to these types of deals.

Money make money, right?

But here’s what’s really cool.

You can actually start in this home-based business opportunity for very, very little. Exactly the way the boys from Catch of the Day did just five years ago.

In fact, you don’t need a website or traffic or staff or much money at all at the beginning.

All you need is to be aware of the hot trend and start doing your own research as to how you can take advantage and build a little home-based empire doing what the big boys are doing.

More and more people are spending money online and that figure is growing in a big way every single day.

To put it into perspective, online retailing in Australia accounts for $12 billion (that’s right, with a B) in online sales. If you keep abreast of the financial news, you would know that retail is dead at the moment.

But, the online segment is killing it (another hot tip).

In fact, it’s got some of Australia’s richest blokes who run brick and mortar businesses like Gerry Harvey from Harvey Norman and Solomon Lew from the Premier Group really worried.

It’s not often that you get the rich bitching and moaning, running full-page ads in newspapers asking for the government to step in and help them out in their hour of need.

So their concerns are great news for you.

This hot home-business trend is only just forming and is in its early days.

It’s just going to get bigger and bigger in the next 10 years.

The best part of this opportunity is that if you took it seriously, in the next 12 months you could potentially replace your income.

Sure, that’s going to require a little bit of work, study, research and application, but hey! It beats going to a dead-end job every day.

Who knows, maybe James might come knocking on your door in 3-5 years with a big, fat cheque.

Signed with Success,

Jon Giaan
Knowledge Source

…but I can’t send you all of the research that I’m across, simply because some of it I pay thousands for – and if they knew that I am giving away, I’d get into heaps of trouble.

However, as I bank with ANZ, I did ask permission to get this out.

Obviously they said, yes.

That was four weeks ago, so sorry for the hold up.

So what’s it all about?

It’s a report on the banks internal view of real estate. Now, considering they’ve got the most to lose of the market comes crashing down, they spend the most on watching it from all different economic angles.

You’ll find this report valuable and insightful as to what the banks think will happen to real estate going forward.

[DOWNLOAD IT NOW - PDF]

Also, while I have you here…

What is YOUR view of the current real estate market?

Are you a buyer/seller ?

Have you bought anything recently at a huge discount?

Share your experience below.

I seriously would like to know.

Anyway, hope the report helps. And when I get stuff like this from time to time, I hope it’s okay if I just copy you in.

Signed with Success,

Jon Giaan
Knowledge Source

Apparently that’s why the real estate market has stalled.

The argument is quite simple, most people can’t afford to drum up the deposit and on top of that pay the mortgage. Not a new challenge, I’ve heard all of that before – I’m sure you have too.

Now the way the media is carrying on, you would think that this has never before happened in history and that it’s a new phenomena.

…all conspiring with a media-lead conclusion, that the real estate market is going to crash.

However, I beg to differ. Especially on the predictions of a real estate bust.

I’m going to get into that shortly, but whilst I have your attention here is something that I saw recently.

A big penthouse-style apartment of 1,600 sq. metres (that’s big) sold for… are you waiting for this…?

$330 million!

Where the heck was that???

Ok, it was Monaco, no issues about affordability there.

Now you’re probably saying to yourself, “Big deal. A one-off sale by some massively rich dude, so what?”

Well, I can’t tell you who the buyer was because at that level they typically withhold that information… But what is interesting is that the fastest growth for the global luxury residential markets is coming out of Shanghai in China.

The increase in that city at that level was 17%!

The Chinese, with a stack of cash in the bank that they must spend is probably going to effect the top-end of the Australian market.

But I know what you’re thinking… You’re not in the luxury residential market.

Yep! And neither am I.

But the trend is certainly there and as our rich neighbours get even richer, the security and safety of our economy will be attractive to the Chinese investors.

It’s not just the super-rich but it’s the emerging middle-class ( which is huge) who will support any downward movement in Australian prices… I don’t want to get into specifics because I know that for many of my subscribers it’s a hot topic.

…But if you’ve been to an auction in the last three months in any capital city, you would see a high representation of Asians there. I’ve got no problem with that – it’s just something that is obvious to me, especially at auctions.

I’m sorry – but it’s the world we live in.

But I digress… Where was I?

Oh yes, affordability.

Here’s why I believe the affordability issue is normal…

First of all, it seems to me that it always comes after a significant property price increase. What we’ve seen in the last 3 years is a big jump in prices of property. I told you 3 years ago this would happen and if you have been following me for a while, you would have made a stack load of money if you took action.

But to qualify this – our predictions of price increase was not across all area. That’s not how it works.

So what happens next?

Simple.

The people who get priced out of the market because of affordability issues will become renters.

Again, the normal process a typical real estate market goes through.

According to RP Data, across all capital cities, rents have increased by 2.7% in the last 12 months.

Now that’s not huge. But my prediction is in the next 12 months you’re going to see similar increases if not more.

Here are a few examples of what I’m talking about:

With all of my properties, when a lease comes up for renewal the minimum increase is 10%. In some cases I’ve increased it by 20% and have signed up the same tenant on a 12 month deal.

Now, I don’t care if they don’t agree to the increase – they can move out and within 4-6 weeks I’ll have a new tenant… Why? Because vacancy rates at the moment in most of the areas that my properties are about 1.5%.

Also, consider this…

Unemployment is at an historical low, which means many workers are shopping around for a better job with more pay… and they’re getting it.

The RBA is concerned about this scenario, because quite simply it puts pressure on wages (on the upside) and potentially leads to inflation. The likely outcome is that wages will increase in the next 12-24 months as well as the cost of living.

So, all normal stuff to a seasoned investor.

So what should you do?

Well, there is a lot of fear in the street at the moment – and that’s easy to see because right now there is probably 50%-75% more stock on the market than at the same time last year… add to that the media hype about a crash and there are a lot of nervous vendors.

…which is great news for you.

Here’s what the pros are doing…

They’ve got their cheque-books out and looking for bargains – and I can tell you that there are a lot out there.

I picked one up the other day – it was a beauty.

I’ll give you a full-blown report in the next couple of days, but what I can tell you is that I probably bought it for about $70-$100k below market in a blue-chip area in Melbourne called Brunswick. Contract price: $550,000.

It’s a development site and I’ll probably make $200-$300k profit once we turn it around.

But like I said, I’ll get some photos and give you all the maths as a bit of a case study as to what is possible.

Now, why am I telling you all this?

Because I want to let you know that right now is a great time to buy real estate at bargain prices. I’m doing it, I know several of my friends are doing it as well.

So don’t be afraid, everything that is going on at the moment is normal, it’s happened in the past and will happen again in the future.

Think of a time back in mid-1995 when we experienced the same scenario. It was great buying properties back then. How many properties would you have liked to have bought back then?

Also, 2003. Another great opportunity to have picked up bargains.

It also happened recently in 2009.

We did a big song and dance about the opportunity just 2 years ago, again if you followed our lead you could have potentially made hundreds of thousands of dollars.

And today it’s 2011 and there’s another window of opportunity.

But let me also say this…

Not every property is a good deal. In fact, only about 5% of properties on the market that are what I call great investment opportunities.

The other 95% is crap from an investor’s point of view.

You need to know the difference and you need to know what NOT to buy as much as what TO buy.

…and all that is what quality education and knowledge can bring to the table and fill in the missing links.

Don’t miss this opportunity… again.

Signed with Success,

Jon Giaan
Knowledge Source

The title of the report is…

> Investment returns from rental housing in Melbourne, 1998-2009
> Department of Human Services Victoria

Now I know it’s Melbourne-centric, but regardless of what State you live in, it really does show you how property has consistently performed over the last 11 years.

…note, that when it was finished off, it would not have included a large chunk of 2009 which was a big year in the Melbourne market at least.

If you are at all remotely interested in hard data on real estate, this will be valuable to you.

You can download it here.

It’s got lots of charts on property returns, growth, rental yields and vacancy rates… The lot!

Just remember that public servants put this together, it’s a pretty good job but it’s written in a bland style. The information that you can get form it though is priceless.

Enjoy!

Jon Giaan
Knowledge Source

You know, it’s never one thing, but a combination of many different aspects… But at the top of my list are two things.

#1. There are no failures – only results.

#2. A results person never quits.

Ok, they’re pretty simple. But what I’ve learnt is that success is largely hanging on and learning from your mistakes after others have quit.

I’ve always studied successful people and what I’ve found is that they’ve always made plenty of mistakes, got knocked down and kept getting up.

Again, and again, and again…

Consider these examples…

- Dr. Seuss’ first children’s book was rejected by 23 publishers.

- Michael Jordan was cut from his high school basketball team.

- Henry Ford failed and went broke 5 times before he succeeded.

- Ernest Hemingway revised The Old Man and the Sea before submitting the manuscript for publication.

- The University of Bern rejected Albert Einstein’s PHD dissertations, saying it was irrelevant and fanciful.

…I love the story about a high school basketball coach who was attempting to motivate his players by standing in front of them and saying, “Did Michael Jordan ever quit?”

The team responded, “No!”

“What about the Wright brothers? Did they ever quit?”

“No!” said the team.

“What about Mohammed Ali, was he a quitter?”

Again, the team yelled, “No!”

“What about Elmer McAllister, ever quit?”

…there was a long silence. Finally, one player was bold enough to ask, “Who’s Elmer McAllister? We’ve never heard of him.”

The coach snapped back at them and said, “Of course you’ve never heard of him…

… HE QUIT!”

What about this..?

Babe Ruth, the greatest baseball player of all time failed 77% of the time and was struck out 1,330 times.

He failed twice as much as he succeeded. But he never gave up.

I’ve got a saying that is posted on my desktop that says, “Failure I can live with… Regret I cannot.”

I don’t know where you are at at the moment, but if you’re dissatisfied, feeling a bit disillusioned, flat and unmotivated – they could be symptoms of the “giving-up psyche.”

I want to leave you with the famous words of Winston Churchill.

“Never give up, never give up, never give up.”

Signed with Success,

Jon Giaan
Knowledge Source

I want to take you through a deal that in the end didn’t happen – but it’s educational for you in any case.

First of all, I’ve been researching the Brisbane market a lot. Not so much for its potential in the next 12 months, but over the next 3-5 years I believe this market will have a lot to offer investors who get in early.

So let’s talk about the deal and what you can learn from it (I learnt a lot).

With the property, it was offered to me by a friend of mine who makes about $200,000 a year doing nothing else but finding real estate deals for investors. Of course he keeps a few to himself, but he realises that he can’t buy them all and hence has created a side-business which is booming.

Now, that’s your first lesson. The education that you get when you invest in courses can go a long way if you think outside of the square.

The funny thing about my friend was that I used to hire him to video-tape some of our events and because he was into the content of the seminars, he would actually take the information in and use it.

In the last 3 years he has gone form earning $50,000 a year to over $400,000 a year and even more if you add up the equity that he’s created with his partner.

Now, let’s talk about the deal…

The property was in a suburb called Hawthorne, a blue-chip area about 5kms from the CBD. Having bought over $3 million of real estate in the inner-city of Brisbane in the last 7 years, I knew the area well.

Here’s a photo of the property…

Not much to look at, however I was only interested in the land component, which was around 607 square metres.

The next thing I wanted to do was get a bird’s eye view of the position.

Now, here’s why this property was of interest to me…

You can see that it backs on to another property which is numbered 16 in the satellite image and it has a decent-sized vacant section to its right. The plan at this point in time was to negotiate with the owner of the possibility of buying that section.

The vendor of that property was happy to sell us that piece of land for around $200,000.

So that heightened my interest in 13 Balmoral St. Hawthorne.

The next thing I did was get a recent sale report from RP Data to see what has happened in the area in the last 6 months.

Here’s an example of a few comparable sales…

Now, looking at these, I knew that the $450,000 asking price was a reasonable deal in the making.

Considering I wanted to demolish the site eventually and I know that in Queensland this can be an issue sometimes, I got onto the council’s website and pulled up a report to see if there were any restrictions.

Here’s the report:

By looking at the report, I was confident that it could be demolished.

You’re probably wondering how long this all took. Well, probably no more than an hours work in total and it all happened within an afternoon.

So, confident that I could achieve what I wanted to, which was to eventually develop the site and take advantage of the land at the back, I could get rear access as well as access from the front.

That was a big asset to me.

I put in a contract for $440,000 and I added a few conditions. The major one was that it was subject to 30-day due-diligence period to establish whether I could in fact demolish the property.

Subsequent to those conditions being met, it would be a 30-day settlement.

So what happened?

I got pipped at the post and believe that somebody on the same day made a better offer, I’m guessing about $450,000 and bought the property.

So what are the lessons from this?

If you know what you’re doing, you can research property very fast and work out if its a deal worth persuing.

Of course you need a criteria and a think-outside-the-square attitude and you can see value where most investors just walk on by.

Considering that I wanted to develop this block with the adjacent block at the back, I estimate that I probably lost anywhere between $300,000 – $500,000 of capital gain over the next 18 months… Which makes up the time to get a permit and build.

Now, I’m not too upset about losing the deal, although it does hurt when I think of the opportunity and the potential gain evaporate. But, I know that in this marketplace there are probably 100′s of deals like this and it wont be long before I’m making an offer on yet another one.

The lesson here is don’t get too emotional if your deal doesn’t go through. Especially in this climate – there are plenty of opportunities.

My mistakes…

Usually if I like a property and I think it has plenty of upside, I pay the asking price and don’t stuff around with long drawn-out negotiations. Now considering that I probably lost this property for $10,000 and I could have made $300,000 in the next 18 months – it does seem ridiculous, doesn’t it?

I’ve said in previous articles that I’ve written that you could pay $20,000 more than what the vendor wants and if your attitude is long-term, you can’t go wrong… But because with this particular property my friend was at the forfront of negotiations, I let him run with it.

He was of course trying to do the best thing by me and get it for the best price… However, looking at the comparable valuations I think we were buying this at about 20% below market.

That’s always handy… When you can get some equity upfront as well as some upside potential.

The other mistake that I think I made was that my contract had conditions on it to take the property off the market for 30 days with a due-diligence clause. We knew that the vendor was desperate and he needed a contract to satisfy the banks.

Considering the homework that we’d done on the demolition aspect, a phone call to town-planner (10 minutes) would have confirmed or denied the accuracy of that report. So I could have gone unconditional (even better for the vendor) and settled in 60-days.

Now, that’s my fault again because I was allowing my friend to tie this deal up because after all, I was going to give him a $10,000 fee for finding it and negotiating it.

Ok, I could go on and on – but the lesson that I want you to learn here is that there are plenty of these deals around and right now vendors are very nervous about the future of the real estate market and happy to consider any deal.

With education, you can do as I do and immediately identify potential deals in a couple of hours, know where to go for all the resources and information quickly and assess if they’re worth following through on.

Also with education, you can do like my friend does, get really good at this and make a BIG second-income helping investors like me to find deal after deal after deal.

So, there’s a double-whammy in investing in your own education.

Now, I’ll be out and about again looking for these bargains and sooner or later I will pick up a few.

I hope this information was valuable for you today and you got something out of it.

Signed with Success,

Jon Giaan
Knowledge Source

This information is critical – especially right now.

Allow me to explain…

The big talk at the moment in the investment circles is all about the boom and the pending bust of the real estate market right here in Australia.

I have news for you that l know you’ll find interesting.

Of course any one with half of a portfolio would read all the dooms day reports and wonder if there was any truth in it.

Should you sell everything right now…?

Let’s face it, there is a lot of evidence around.

The USA market took a hammering 2 years a ago and has yet to recover… still with no sign of life even today.

Talk to a person in the USA about investing in real estate and they look as if you’re from another planet.

Same goes for England, Ireland, Greece, Spain, etc…

Recently I was in Greece and they are in bad shape. Everyone I spoke to was worried to death about what the future will bring… They literally wake every day to yet another story about a pending strike or a budget cut that will reduce their pension, wages, or some other entitlement that they have come accustomed to.

The nation is a state of paralysed fear of taking any positive action forward.

Uncertainty is all they are sure of.

Now, my family, friends, and taxi drivers would ask me how things were in Australia, is it just as bad?

The Greeks are not renowned for there global perspective. To give you an insight, most have never holidayed on there much acclaimed 11,000 Mediterranean islands let alone travel to other part of Europe (no jokes).

When l spilled the beans on how things were back home, many insisted that what is happening to Greece and other parts of the world would eventually happen in Australia… Guaranteed.

In fact I found myself in some pretty heated, almost fully-blown arguements about why Australia would collapse just as the Greeks an others have done so.

So l wondered, is a real estate collapse on our door step?

My personal opinion is ‘no’, but can I be wrong?

At times like this I go back to one of the key fundamentals to real estate, supply and demand.

Now l won’t go into a 5,000 word essay on this subject, but today I want to look at one of the BIG drivers of supply and demand.

…..Migration.

The value of real estate is significantly influenced by population growth.

Here are some interesting facts:

The all-time high for the biggest expansion of our population was in the year to June 2009 with around 476,000 people added to our population.

Most of these guys where housed in the major cities around our country.

What happened to our real estate prices in most parts of Australia in most of 2009..?

Mmmm interesting.

Since June 2009, the population growth has been around the 400,000 mark.

The figures in 2010 show a significant slow down in net numbers being added, with the figure likely to be around 350,000.

So what happened?

Well, we’re going through a bit of a baby boom at the moment and people are living longer so the drop hasn’t come from within the country. The obvious place to look at is how many new migrant are coming into the country from overseas.

In 2009, 313,000 of the 467,000 added where from overseas. The numbers for the 2010 look like to come in at 218,000.

Net migration has dropped by about 30% in 12 months… around 100,000 people less than our bumper year of 2009.

Could that be the reason why the heat has come out of our market?

Most would think that intrests rate are the main reason why, but this evidence of net migration number could have had more of an impact that most would think.

So what to make of all this data?

The hardest hit of our states, the one with the biggest fall in numbers is Queensland (it fell by 42%) and Western Australia was down by 47%.

With Queensland in particular, not only have they suffered from less overseas migration they have also suffered the double whammy of less local migration as well.

Now add to that the recent flood disaster and property values in certain parts of QLD may see a sharp reversal as demand dries up in the short term.

Ok, that may sound like doom and gloom and l admit the picture doesn’t look bright – especially if you live in Queensland.

…But if you’re a long term investor you can look at this moment in time and see it is as a big buying opportunity.

If you want a tip that will probably make you lots of money in the next 5 years and if you want a holiday home then the Gold Coast, Sunshine Coast and South-East part of Queensland are good buying.

The sentiment in those areas is really negative… And where there is negative sentiment there is a good deal around the corner.

Now to clarify, l’m not advocating taking advantage of someone’s misery or preying on the flood victims by going around and making all these low ball offers. No doubt that is already happening if l know anything about human nature.

What lm taking about is being prudent and proffesional and buying value.

So, if you agree with me that the migration numbers may be a valid tool in assessing the current and future direction of the real estate market, then l suggest you look at the quarterly numbers on migration and see if there is an increase or decrease.

My bet is as soon as we see these numbers start to grow in line with our now long-term trend, we will see real estate prices climb again.

For now, time to accumulate, buy value and simply wait for the great times ahead.

Jon Giaan
Knowledge Source

Ok it’s not 100%.

Nothing is 100% guaranteed to work.

…but hey, 97%?

The odds are stacked in your favour aren’t they?

….and you know what, there is really one thing that you MUST do to make this happen.

Before I tell what that is – Here’s the proof.

Harvard business school did a study on the financial status of its students 10 years after graduation and found that:

- 27% of them needed financial assistance.

- 60% of them were living paycheck to paycheck.

- 10% of them were living comfortable.

- 3% of them were financially independent.

The study of course went into the reason why, and here’s what they discovered….

The 27% that needed financial assistance had absolutely no goal-setting processes in their lives.

The 60% had survival goals at best…

The 10% had general goals… Nothing specific with any system to monitor or track.

The 3% that where financial independent had…WRITTEN OUT… their goals and the steps that were required to reach them.

So the secret is really simple and easy…if you want more in your life, you need to get really clear and specific on what that is and use the system I gave you yesterday to have a 97% chance of achieving it.

Starting with the first step…. write them down.

As if you need more proof, right?

Well I got plenty…

Here’s what behavioural researcher, Richard Molden and Steven Swaverly had to say in there study – The Psychology of Top Performers:

“Writing down action plans provide a clear path for the getting there, and written time frames allow them to track their progress. This serves to increase the level of awareness for the events, opportunities and the actions that can carry them closer to their intended goals.”

“There is even evidence that written goals produce this elevated level of awareness through some very specific neuro-chemical effects”

Wow, how’s that? You can even get high writing out your goals… Beats the side effects of drugs!

Now I know that fancy-pants studies are all good and that… But personal experience is much better.

Around 1999 when I got serious about making money, I really resisted the goal setting process, but I begrudgingly followed the system that I shared with you…

….just 4 years later I was a millionaire.

Today I’ve used the same system with a few tweaks here and there and can say that it has continued to produce the goods if you stick to it.

In fact as I sit here writing this email to you, I’m at my holiday home at Noosa with my backyard being the river and National Park land behind it…( a byproduct of one of my goals).

It’s a serene and beautiful setting to be planning the great achievement’s of 2011 that I’ll be embarking on…

I’m working on my master plan for 2011 in all area of my life, not just financial…

What are you doing right now?

Are you going to to take this goal setting stuff seriously…???

Follow the system that I laid out for you and you’ve got 97% chance of success…I like your odds…

Like I said yesterday… I’ve got a special feeling about 2011…it’s going to be marvellous.

Signed with Success,

Jon Giaan
Knowledge Source