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Great comments by all. Certainly helped and motivated me. As steve says 'success comes from doing things differently'. I am certainly doing something!
All this money sitting on the sidelines. Taken out of shares where is it going to go?
It either shares or property booming however neither have provide a return for sometime.
Either way knowledge is the key. Surely shares will bounce back larger than property. However using both strategies can only help retirement and a better lifestyle come around soon
Good luck fellow investors!Are people still investing in hard times?
Why isn't now the best time to invest? Money coming out of the stockmarket (not always lost), interest rates going down and likely to go down another 1% in the next 12 months, $15k incentive for 1st home buyers to buy now and a shortage of housing. Now is a great time to buy. However as they say location location. This will provide more likely long term rewards.
I just bought in Townsville. Good employment, shortage of housing and great rent returns. Just sit back and wait nowAlot of fear in the market now, Share and property. Channel 7 with Kochy and credit crisis problem telling how things may get worse but don't panic. They mentioned Perth, Darwin and parts of Melbourne could have house prices dropping. This does make sense with some of the high prices in these cities.
Remember the main thing that control price is supply and demand. Going by the stats there is more people moving to Australia every year. Also research expected property growth in the next 5-20 years. Soon the media will be talking about the housing crisis again soon.
