Peter Koulizos was recently elected chairman of the Property Investment Professionals of Australia (PIPA). He has been teaching in real estate and investment for almost 20 years and also personally invests in property and currently holds several properties. Koulizos is the author of The Property Professor's Top Australian Suburbs and Property vs Shares.
‘What was your first job?
Whilst I was in high school my first time job was at Woolworths. I stacked shelves, packed groceries and helped customers take their groceries to their cars. I earned $1.05 per hour. That sort of money doesn’t sound like much now but back in the 1970s that was a lot of money to a young teenager!
What’s the best money advice you’ve ever received?
Buy property. My dad was in real estate and from a very young age he encouraged me to buy property. Of course, being a young lad who thought he knew everything I didn’t take my dad’s advice as early as I should have, as I only started buying property in my late 20s. However, I am trying to make up for lost time!
What’s the best investment decision you’ve made?
Denne historien er fra February 2018-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2018-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.