Read Olly Newland's latest column — www.OllyNewland.co.nz (click)
Olly Newland makes the case for another property boom — and issues some warnings for those thinking of ‘jumpin’ on in’.
Read his column here at www.OllyNewland.co.nz
Olly’s controversial October column is available now.
I say ‘controversial’ because by golly, Olly has come under fire from some of the anti-property, alarmist ‘Oh-My-God-the-world-will-never-be-the-same’ brigade.
As you’ll see from the title of the column While Mortgage Rates Are Low – Borrow More!, Olly is offering an alternative view to the current ‘crowd wisdom’ of reduce debt reduce debt reduce debt. If you read the column (link below) you’ll see that he’s NOT saying gear up for consumption or to buy flash new toys. Nor is he suggesting anything radical or revolutionary. As an Authorised Financial Advisor, property mentor and consultant he’s offering strategies and tactics for today’s investment conditions.
If there’s one thing Olly has proven, it’s that he’s willing to be a counter cyclical investor. That way lies success.
It hasn’t always been a bed of roses for Olly (Read Lost Property), but Olly is an investor who typifies what Warren Buffett refers to when he talked about ‘being fearful when others are greedy and greedy when others are fearful’.
He’s also demonstrated by his own example the value of leaving the party before the clock strikes midnight. His book ‘The Day the Bubble Bursts’ which warned of the (then) impending property slump, was greeted with similar howls of protest. Until later, when several of his most vocal critics quietly admitted they wished they’d followed his advice … to shed lower quality properties in below average areas, do your best to lock in tenants and, paradoxically, to reduce debt … when many ‘gurus’ were saying the opposite.
But that was then and this is NOW. The market has changed and the strategies to succeed in it at this point are different — the strategies, but not the principles.
Read Olly’s October column with his calls to invest (carefully, prudently) NOW … then, if you’re interested, here’s a follow up five minute audio interview recorded with Olly about some of the points he raised, and (briefly) responding to people he says are ‘hyping up’ fears.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
or download an MP3 file here (5 minutes 2.5MB):
Olly Newland – Why borrowing sensibly for improvements is better than paying off your mortgage
Olly Newland’s column October 2011
This may seem a little contrary to popular thinking at present but by being counter cyclical you will have a greater chance of profit and wealth creation than when interest rates are high.
A few weeks ago I spoke to a group about investment. I spoke mostly about seizing opportunities when they arise and, with my usual arm-waving, talked about how the volatility in the market is a great chance for all investors and home owners. I probably got a little carried away (as I sometimes do) because I find the volatility in the market very exciting at times.
At the end of the talk someone in the audience asked me if there were any opportunities when you had a mortgage (or mortgages) to deal with.
The common practice used by most is to apply cash to reducing debt — and not save it for investing. There are exceptions, of course, such as KiwiSaver and the like, but the general rule stands that debt should be paid off first before investment begins.
So the person in the audience, feeling a little awkward no doubt, asked me how he should deal with his debt.
Yes I agreed that money is cheap these days — so why not borrow it and then borrow some more at every chance while low interest rates last? Continue reading
Long time investor and best-selling author Olly Newland is interviewed by Empower Education’s Peter Aranyi about the latest events in global markets — and gives his views on how local investors should respond.
AUGUST 2011: World financial markets react with turmoil due to the US credit rating downgrade and sovereign debt crisis — shedding value and displaying a nerve-wracking volatility that makes many question their investment strategies. What is the way forward? How will these world events affect our local property market? How should investors react — and how should YOU react?
Olly Newland has lived through many such troubled times. While Olly would never say he ‘knows it all’, in this 13 minute audio interview he outlines his view of the current financial crisis, he discusses the ‘change in the times’ brought on by this increased market volatility, what it heralds, and suggests what steps you could take to protect yourself.
Listen here:
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
or download an MP3 file here (13 minutes 6.7MB):
Olly Newland – How to respond to the global crisis
Related: Olly’s book Lost Property relates his experience in previous financial market convulsions and important lessons he drew from those times.
Take a look around, and please take the Bookstore for a spin, check out our articles and downloads. (Let us know if you have any suggestions.) Help up keep this website humming …. we offer a FREE coffee voucher for the first person to find a spelling or (serious) grammar mistake on this website. Let me know via the contact form.
Regards, Peter Aranyi Empower Education
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Continue reading
Olly Newland’s Column, June 2011
I HAVE IN SEVERAL PREVIOUS ARTICLES and columns predicted the rise in rentals, starting in Auckland and spreading like ripples in a pond throughout the country.
Having just been to Australia and with the benefit of my own investments there, I have always looked at the Aussie property market to pick trends at home. House prices in Aussie are sky high and $1million buys you little. Now rentals are moving as their market cools.
The natural disasters that have swept Australia have knocked The Lucky Country around. I predict before long the exodus of Kiwis will slow, stall and then reverse.
See The Age: Softening property market, new home sales slow
New Zealand With regard to the local market, it remains (as I predicted two years ago) more or less flat with very little new building coupled by little demand. Why is this? Why are new houses, especially modest new houses, so hard to build?
The answers are simple. Continue reading
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