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What Makes a Good Property Investment? by: Murray Boyton One time I remember going to a market in Shanghai and bartering for an item of clothing and I felt so good for what I had purchased. I thought what I had was a bargain. I was a good investment. I told my friend how much I paid for the jacket, and immediately he replied by saying, “Are you happy with that?” I answered “Of course I am, I only paid $40” Little did I know that he had also bought the same jacket for only half the price. Now the mind games start happening… “You got ripped off, why you paid that money…etc”. I am sure we have all these dialogues in our heads when we find out we could have purchased something cheaper than what we paid. But the reality is, I was happy with my purchase. Had I never found out what my friend paid, I would have been delighted. The same is with buying property. If we buy something and we are happy with the purchase that is all that matters. The price we often pay for a property is a good investment. How do we know if it is a good investment, simple, were you happy when you signed the contract? Now let me clarify, there needs to be wisdom and knowledge when buying property, don’t misunderstand me. Of course the figures need to be sound and the appropriate calculations need to be done, PRIOR to signing the contract. But if it all is sound and you are happy, then you have a good investment. Another good phrase is, don’t let emotions get in the way of a good investment. Think about that comment for a minute. Something that is good (or bad) is effecting our emotions, we feel good through our emotions, so if we are buying a property that is a good investment, of course our emotions will get involved. Often we compare our purchases to our friends and when we find out they bought the identical item cheaper than us, we can get envious etc. But the reality is, do we really know what the circumstances were when they bought the item. Maybe the seller was desperate; perhaps there was a sale, or just a case of being in the right place at the right time. So the next time you go to buy something, ask yourself, is this a good investment, is this something I will be happy with, and will it give me enjoyment and satisfaction? Originally from Australia, Murray Boyton consults for Premier Capital Limited (http://www.premier-capital.com) in Shanghai China. Murray\'s expertise in Real Estate Management and consulting spans more 10 years to the industry. And has helped many people become more educated in smart investing and purchasing property in Australia.

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