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READ EFFORTLESS EMPIRE

Our most successful investors invest in their own learning and regularly cite this as one of their inspirations to get into property investing. Discover what they know today.

Just Launched: The Effortless Empire.

The time-poor professionals guide to building wealth from property – 2015 edition

In 2008 I released the first edition of this book and each year we have produced 5,000 – 10,000 copies plus an unknown number of copies have been downloaded in PDF or audio version from our website and distributed via other people’s newsletters.

Every year I get asked about what has changed in the property market and how I see the future. Each year I reply that nothing has changed. I’m looking long term and I don’t want my strategy to change just because interest rates have moved or the economy has altered.

This year I have re-published my book and I have not changed a single word. It’s exactly the same.

The only thing I have changed is the average property price. Back in 2008 we were buying properties at $500k and now we’re buying those same properties for $1m. In my book I noted that often people talk about properties doubling every 7-10 years and the skeptics always argue that it doesn’t. It’s 7 years since I wrote the book and it seems to be exactly on target.

Whilst all the $500k numbers have doubled to $1m in the examples, the percentages are still the same when it comes to break even points and expenses. Even though mortgage rates are around 4-5%, I still use 7%, 8% and 9% in my examples to ensure that when interest rates rise, people don’t suddenly panic and think they can’t afford to hold on.

If you would like a more up to date copy of the book you can download it for free in pdf or audio here http://www.yourempire.com.au/book/ and for the price of a stamp ($4.95) we can mail you a hard copy.

If you have friends, family or colleagues that are interested in property you could get them a high value (but very cheap) Christmas present for some great reading over the holidays


By Chris Gray

Property and renovations can be for anyone, it all comes down to your goals and dreams and how much you want them. When you’re starting out and have limited financials it is tough but the sooner you get on the ladder, the sooner your equity grows and you can start duplicating. Caution: the quicker you try and double your money, the sooner you’re likely to fall over, slow and steady is the key to winning the race.

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