It seems so in theory, but actually making changes to how you think and what you believe to be true can be really challenging. Habits are what cause you to stay on the treadmill and while you’re plodding along, you’re actually wasting your valuable time ‘wishing’ for a desired outcome that you’re not even actively pursuing.

For instance, I used to dream of being debt free. I had bucketloads of bad debts, including credit cards, personal loans and store accounts, but I only paid the minimum amount due each month. And even though I desperately wanted to get rid of my debts, I had no idea where to start or how to approach it, so I just didn’t do anything about it.

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While investors remember to do their due diligence on the property they’re considering, many forget to do the same on the expert they’re thinking about using.

We’re all for property investors asking around for advice and finding experts. However, not all experts are made equal.

At Smart Property Investment’s recent Roundtable, editor Phillip Tarrant facilitated discussion by explaining that the reason the Property Investment Professionals of Australia (PIPA) organisation was an attractive concept was the advocacy of “due diligence, research, surrounding yourself with professionals who can actually help you make more informed and smart property investment decisions.”

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Hello everyone,

This is great! I love the questions and comments.

Kath is spot on… ‘planned’ as opposed to ‘committed’ is my point. Too many projects are announced in the media as ‘planned’ to then subsequently be shelved by governments for one reason or another. And yes, bridges, rail links, freeway extensions etc., all add value to property prices that are enjoying the benefit of the expansion. However, there are far too many projects that do not go ahead and thus investors have jumped the gun, made a purchase, yet only to discover that the infrastructure did not proceed.

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