Affordability Prices - Fact Or Fiction

You often hear that housing has reached a crisis because of taking up 30% or so of the average income. This made me look back at my historical records and what it cost a club member to get a property then and now.

Then - The average club investor, invested $39 a week to own a brand new, quality residence in the middle ring of the city. This worked out to be 5% of the average income. This can be worked out by what the cost is today to buy the same type of quality residence in a growing city in Australia. Despite the negative media out there on the subject, I'm happy to report that now it costs our members just 1% of their income to buy a brand new, quality city residence.

Admittedly, we know a lot more now than we did 25 years ago and we've been busy with the help of our growing band of investors joining us, improving and growing a list of aiding software.

All this means, that now housing in bulk is more affordable than 25 years ago. It does require education. We offered to put this education free into schools and this has been rejected. We've offered to pay the tutors to go into schools and this has been rejected.

So for 25 years, we've been going around Australia giving free education to whoever wants to listen. We've had imitators listening and doing very similar education for the public but charging after the initial free seminar many, many thousands of dollars.

But I'm happy at least the education is getting out there and people are learning how to improve their wealth. How to avoid people relying on the pension. How to avoid relying on super, which we all know is a colossal failure that favours the union bosses and the finance industry. The politicians know, their own 2050 report which proves this. This shows someone in 2050 after a lifetime of paying into super can only live for 5 years on the average income before their super is exhausted and then thrown back onto the poverty pension.

Super is a failure but it will take 10 years to change. Within the next 20 years, we will have 4 times more pensioners draining taxpayers budget and worsening the budget. Eventually, this anti-super feeling is going to bubble over and be reversed. History will look back on the super scheme founders with scorn. They will see super as childlessly conceived. A huge inflationary on costs to goods and services. These goods and services lose out in competition with overseas competition whose prices are not inflated with a superannuation levy or as I call it, a tax on labor. We also call it Keatings Curse on the economy. If you are self-employed and running your own superannuation scheme you are smiling. If you are an employee, what do you think? Do you think your super will look after you for 40 years of your retirement? If you believe it will run out after 5 years, what are you doing to live out of poverty in the remaining 35 years

Whether you are 25, 55 or 75 its time to panic, but it's not too late to take action.

Contact your Property Mentor or enquiries@propertyclub.com.au. We can help you. Despite APRA who are trying to stop you expanding your assets. We can help you. Despite the Federal Treasurer trying to stop you expanding your assets. We can help you. How much do we charge for our education? It's free!!

How can the Club possibly do this? Simple, our chosen safe medium to wealth is property. When you buy a property that is researched by us we receive the same amount of money as a Real Estate agent. The agent puts it in his back pocket. We put half in our back pocket which sustains our Property Mentors, Branch Managers, and Researchers. The other half goes in supplying all the free services that you receive. A simple, effective education process.

Happy investing and I wish you a healthy and wealthy 40 years in retirement. Onwards and upwards.

Regards, Kevin Young