Forum Replies Created
Thats not how the tax man explain it to me :> I was in SHOCK!
You have made it very clear and thank you so much for your help!
Originally posted by ugez009:Australia will soon be a donught after Rio and BHP drill the centre out, once its all gone or chinese people have enough cities Perth will be a ghost town, like Seattle in the 80s.
The only nearly world class city in Australia is Sydney, prices in the center of the city are still low compared to real world class cities London, NYC etc. I believe buying close the the CBD long term you will see great capital growth as Sydney becomes a truly international city within next 10 years.
Anyway, time is forgiving, if you own a property in Sydney over 10 years, you will hit some cycle peak and make money…dont believe doubling every 7 years
Alternatively if you can’t wait a few years that long then forget the Aussie market it rubbish, prices in Riga doubling yearly, look at ascession countries to EU, this is where the smart money is going. Entry level is low.
Just my 10 euros worth
I agree with you completely about the Aus market and that the mining boom will cease like everywhere else.. but im still trying to learn about economies ect.
Also agree that there is not much more cash that can be made here and I will start looking for opportunities elsewhere.
Thanks
Originally posted by gmh454:Originally posted by queengucci:From what ive been reading Sydney in some aspects has ALREADY crashed.
Am I right in saying that prices have been falling for the past 7 years?
And investors paid DOUBLE for a property that they can now only sell for half the price?
I think you might be wrong on all accounts.
Think the breaking of glass can only now be heard.
A crash only happens when it becomes common public perception.
Until now the common percetion has been
we are soft landing
we have hit bottom
the market will recover next year
there was a .00000000000000000000001% gain last month.When the property percetion is that buying real estate is like killing an albertross and when Paul Clitheroe comes back on TV telling us that if we had only invested $10 in shares 40 years ago you could now buy the Cayman islands, only THEN will we have hit bottom.
Ohh sorry forgot to mention….Perth is different
Well maybe crash isnt the correct word but when your a property investor and down the track the property is worth less than you owe the bank, interest rates go up and there are high tenancy vacancies. You have a problem.. Yes the property will eventually go up again, but you could be waiting years.
If only we all had a crystal ball, we wouldnt be asking each other these questions huh.
Thanks Mark!
I will sell the ones taking money from my pocket and keep the others.
From what ive been reading Sydney in some aspects has ALREADY crashed.
Am I right in saying that prices have been falling for the past 7 years?
And investors paid DOUBLE for a property that they can now only sell for half the price?
Thanks for your reply!
I guess im wondering.. many people, buy and hold and never sell.
But I just believe in this market when $150k has been made in 5 months that it would be crazy to not cash in.
Also, the properties I have are negative geared so its taking money out of my pocket.
I would rather sell and buy elsewhere???????
Can anyone else offer advice to what they would do or are doing in WA????
