Hi Investor,

The Chinese have an expression: “May you live in interesting times.”

Well, it’s actually a curse more than an expression. And as I am sure you realise - we really do live in interesting times at the moment.

Things are changing in front of our eyes and as a property investor some of these changes are negative and scary, while others are positive - such as the 4% drop in interest rates over the last 5 months which has virtually halved the cost of holding on to your property investments.

How do you like change?

Change is not all that popular — is it? Most of us would prefer a predictable future in terms of our job security, for our businesses and for our investments. But as a subscriber to my Property Update newsletter you would know that as we move into a new financial era, a time of change, unfortunately these things are all subject to the whims of the markets and the economy and therefore are not predictable.

And that’s making lots of property investors feel uncomfortable.

That’s partly why I have written this special letter in between my regular newsletters - because I want to give you an update on some of my thoughts on the property market.

As a property investor it is important that in these turbulent times we develop the qualities and skills necessary for success. One of the things that we have found in this chaotic market is that you have to have resilience. Once when Albert Einstein was teaching at Princeton University he had just a given an exam to an advanced class of Physics students and while walking back to his office his assistant asked: “Dr Einstein, wasn’t that the same exam that you gave to the same class last year?” He replied, “Yes.”

The assistant replied, “How can you give the same exam to the same class two years in a row?”

To which Einstein replied: “Well, the answers have changed”. An interesting reply wasn’t it? Well the answers have changed!

This is an important factor for property investors today. The answers have changed, your answers have changed, the market has changed, the economy has changed, finance has changed and even the tax office ruling on certain trusts have changed.

Yes so much has changed in the last 6 months that last week I locked myself in a room with some of my professional colleagues, mentors and business associates to plan our own personal strategies to help us move forward in the future. This was one mighty Mastermind Group of property, accounting, finance, legal and construction people.

And I must admit I walked out feeling relieved and much more positive that when I planned this meeting. Our intention was to formulate strategies to help us Thrive — Not Just Survive in These Difficult Times.

I came out confident and with some new an updated plan of attack as well as some fine tuning of my current strategies.

And at my upcoming Thrive Don’t just Survive in Difficult Times series of seminars, my good friend and Australia’s leading property tax accountant Ed Chan (CEO of Chan & Naylor) and I will share our new and updated strategies with you. Click here for full details or follow the link below and reserve your place now because these seminars always book out. http://www.metropole.com.au/seminar/seminarsMarch2 009.htp.

As a property investor one of the most important things you can do to ensure your success is to change with the times.

If a year or two ago I had of said that one of the most prolific lenders, Macquarie Bank, would no longer be lending to investors, you wouldn’t have believed me. If I had told you interest rates would drop 4% in 5 months, you wouldn’t have believed me. Look at all the changes that have occurred over the last year or two in property and my question to you, is

“What changes do you have to make to ensure you make the most of the property markets in the next few years?”

Don’t get caught up in the turmoil still to come. Yes, there is more trouble ahead.

No, we’re not there yet! One of the most important qualities of successful property investors is flexibility. To be flexible you are going to need to keep questioning what happened in the past, look at what is happening today and work out what you have to do tomorrow to succeed. My question to you is: “Are you open to change?”

If you are then come and join Ed Chan and I at our Thrive Don’t Just Survive in Difficult Times seminars around Australia in March. Click here or follow the link below for full details and reserve your place now because these seminars always book out. http://www.metropole.com.au/seminar/seminarsMarch2 009.htm

If you plan on attending at least one seminar this year, then this is one you must attend.

And even if you attended a previous seminar, I really suggest you join us because there will be a heap of new property, tax and finance content. There has to be — times are different.

I remember a number of years ago when Tiger Woods, the best golfer on the planet, said “I have just one the masters and now if I don’t change my swing, I will never win again.”

He knew he had to change his strategies to keep winning — so do you and so do I. I will, in fact I have made some changes and I will share these with you when you join me in March and April. Click here or follow the link below for details and reserve your place now. http://www.metropole.com.au/seminar/seminarsMarch2 009.htm

As I speak to investors around Australasia I realise there are two worlds. One where people are doing it tough and one where businesses, investors and people are thriving. Which world do you live in?

I have no doubt that over the next few years there will be a transfer of wealth from the average Australian to the financially fluent investors. The gap between the rich and the average Australian will get wider.

I am genuinely excited about these changing times. Armed with the right rules they will create tremendous opportunities.

If you are well prepared, you will probably make more money over the next few years than you could have in the last property cycle. But you must get ready now.

Ed Chan and I have a reputation as leading experts in our field and leading educators. We take this seriously and will give you our updated and honest opinions of how to Thrive - Not Just Survive in the Difficult Times ahead at our Seminars in Melbourne, Sydney, Adelaide, Perth, Canberra and Brisbane in March and April.

One of the most quoted saying recently has been Warrant Buffet who suggested, “Be fearful when others are greedy, and be greedy when others are fearful.”

If you have a plan in place, one that is appropriate to the current times, you will no longer need to be fearful. In fact, get set correctly and you can become ‘greedy’ and take advantage of the opportunities that change will inevitably bring. Click here or follow the link for full details and reserve your place. http://www.metropole.com.au/seminar/seminarsMarch2 009.htm

Join us and we will help you put a strategy in place. Really, as things become more challenging you don’t have much of a choice — you need to hear what’s really going on from experts who have been around for over 30 years each. Experts who have thrived, not just survived the property cycles of the past.

I look forward to seeing you at our Thrive Don’t Just Survive in Difficult Times seminars around Australia in March.

Make it a great year.

Michael Yardney

Metropole Property Investment Strategists

KNOWN | PROVEN | TRUSTED

PS. If you want to get an unbiased in depth view on the future of our property, tax and finance markets for the next few years, join us at Thrive Don’t Just Survive in Difficult Times seminars around Australia in March.

Click here or follow the link for details of this full day educational event. http://www.metropole.com.au/seminars/seminarMarch2 009.htm

CONTACT US: Metropole Education Services Pty Ltd Email: info@metropole.com.au

Head Office: Level 2, 181 Bay Street Brighton Vic 3186 Phone 1300 20 30 30

Offices in Melbourne, Sydney, Brisbane

Visit our web site: www.metropole.com.au

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