Book Review: Grow Rich with the Property Cycle
Book Review: Grow Rich with the Property Cycle,
by Kieran Trass, $29.95
When Is The Right Time To Invest In Property?
Reviewed by Vicky Powell, Good Returns
You’ve finally found that dream house with the enviable sunny deck and expansive, landscaped garden. This is the perfect home that you’ve been tirelessly searching for weekend after weekend. But you’ve heard all the reports about the upcoming property slump, so is now a good time to invest in property?
It’s never been easy predicting the property market, but now according to Kieran Trass author of Grow Rich with the Property Cycle, you can discover if there is an optimum time to buy property or optimum times to use specific property investment strategies.
If you’re looking for secrets to ‘get-rich-quick’ in the property market, this isn’t the book for you. “The smartest property investors understand that property investment is not a get-rich scheme but rather a grow-rich strategy” says Trass, who has over 20 years experience in the finance industry and over ten years analysing property investors’ portfolios.
Luckily it’s not rocket science, and Trass has done all the research for you. He breaks the property cycle down to three major stages; boom, slump and recovery and includes graphs and tables to illustrate his points.
The book itself is divided into four easy to read sections.
The first provides an overview of the main factors that drive the property cycle and describes the emotions of fear and greed that occur throughout the cycle. You will learn why the property cycle is so predictable, and how to read the property cycle clock so you can follow the progress of your local property market.
The second section looks at the three stages of the property cycle (boom, slump and recovery) and outlines the clues provided during each stage by the media, as well as investors’ likely reactions during each phase of the cycle based on their fear and greed. He also includes some good tips for what wise investors would be doing at each stage.
Section three shows how you can secure your financial health regardless of the impacts of the various phases of the property cycle and answers the age-old question, ‘When is it a good time to buy property?’
Section four explains the critical finance cycles, which are implicitly linked to the real estate cycle, and also considers whether the property cycle is now an obsolete concept.
So, stop procrastinating, grab a copy of this book and plan the best time to make that dream home a reality.
To buy your copy of ‘Grow Rich with the Property Cycle’ priced at $29.95 incl. GST from the Good Returns Bookstore click here.