From http://www.moneymanager.com.au/articles/2003/06/02/1054406107838.html
Have a read. Some excerpts:
The reality is that direct residential property is too hard for major super funds that have hundreds of millions, if not billions, of dollars to invest.
So residential is impractical and expensive for large super funds but not for people with a DIY super fund, so small investors have an advantage there.
Michael
Hi there,
As Michael mentioned
The reality is that direct residential property is too hard for major super funds that have hundreds of millions, if not billions, of dollars to invest.People (I had one tell me yesterday to get out of property) are reading the newspapers who have come out with their tips on the property market, you then have to question What is the real reason for newspapers suggesting that property investing is dropping, house prices are dropping or whatever their propeganda machine spews out?
If Major super funds have big dollars to spend and direct residential property is too difficult, the share market is depressed at present, then how do they stir the pot so that they can make it easier for themselves to spend their money, for less work? By making investors loose confidence in the stratergy they are currently using, i.e. property, and making them turn towards something else to invest in… Anyone want an Ostrich farm [?][:0)] (Just kidding…none on offer here!)Read this
A word of advice: it’s hot property
David Potts | May 25 2003 | The Sun-HeraldHere’s the link
http://www.moneymanager.com.au/articles/2003/05/27/1053801374077.htmlI’d like to know what you think.
Cheers
Sooshie[
]“Giving is a Blessing, receiving is the bonus”
this makes a good read. i found http://www.peaches.com.au another interesting site, they also have properties for sale.
Hi Michael,
It’s a very generic read isn’t it! Your response
What about those poor buggers who had AMP shares 12 months ago, fizzling from $17 down to $5? Share market my eye!Wouldn’t you know, the best places to buy are already being snapped up.
Well, who’s doing the snapping up? Apparently, not the worried readers of this article (ooh, we’ve missed out, poor us, leave the money under the mattress).Had me in stitches [
][][]I tell you about a true story, a man scared of investing (obviously). He used to go into the streets begging for money. Each day he’d do the same thing. When he died, they found buckets of Dracmas in the closet, under his bed, in the kitchen, in the bathroom…
Maybe, saving it under the matress isn’t such a bad idea after all! I’ll suggest that to all the Major Super funds []Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
]
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