Labor party Chief Kevin Rudd became the next Prime Minister of Australia with a landslide victory over the Coalition, ending John Howard’s eleven and half years of reign as Prime Minister of Australia.

Mr. Rudd, a former diplomat who is fluent in spoken mandarin, said in his victory speech in Brisbane last Saturday night that he will be Prime Minister of Australia for ALL Australians and promised to look into the Kiyoto agreement as well as the possibility of withdrawing troops from Iraq to be more independent.

Personally, I felt he won because he’s very much a conservative politician. Australia; hopefully will become better, more prosperous with an even stronger economy under a new and dynamic leader and that means good news for all Australian property investors…

A friend of mine asked me the other day while we were having lunch why I am into Australian properties when the property market here is booming. My natural reaction was to tell him I am not that kind of person who jumps on the bandwagon when everybody else does… Deep in my heart, I had a very compelling reason why I am into properties Downunder, however I wasn’t going to give him a 2-hour presentation…

‘It’s the banking system in Australia. It allows investors better leverage to build a property portfolio.’ I said.  

Looking a bit amused, he went to comment that the banking system in Singapore is just as good…Feeling a bit flustered, I threw a question back at him.  ‘How many people do you know have more than 5 properties in their portfolio?’ I asked. He pondered for a while and said, ‘virtually no one here he knew in Singapore.’…

Well, I gave him that arrogant smile and said, ‘All my partners in Australia, every single one, have more than half a dozen of properties…’ I am sure he could sense the arrogance in my answer… 

Dreams or dreamers, you choose the way you live. I have begun building my portfolio at age 30. Not too late to start but I am happy I have started…have you?

Very often investors asked me if they should sell their ‘assets’ after they have held it for a long time. ‘Are you an ‘investor’ or a ‘trader’?’, I asked. In my opinion, investors should avoid selling as selling meant losing an appreciating asset forever. Think about this, you have gone through great efforts to acquire an asset that cannot be built for the same price in today’s context, why sell it? Sadly in the Asian context, most investors are happily ‘speculating’ in rising markets like Singapore and HK, some even Malaysia.

so conclusion, to sell or not to sell…. send me your comments. . 

It took me a while to set this blog up. Just a quick note to readers, bloggers, investors and would-be investors, this blog is set up to provide you with free research information, facts and figures from the various institutes in Australia and around the world as well as opinions of the contributors of this blog.

Property investing in Australia is my passion and will be the main focus of this blog but we do appreciate comments from fellow industry professionals sharing their ideas, expertise, and contacts in this box.

Can’t wait to get started mate…