Forum Replies Created
- Originally posted by residentialwealth:
The underlying factor is that demand in certain markets is outstripping supply, take a look at Queensland and in particular the experts predictions on the growth this year alone of the market between Brisbane and the Gold Coast (Coomera 25%+).
An expert seeks out denand hot spots, like the stock market some sectors fall while others boom, isn’t that what investing is all about … look for the boom and don’t get caught up in the gloom.
[email protected]Hmmmmmm I seem to recall the same things being said, just before the queensland market tanked in the early nineties. (I lived there at the time)[}
]>>We are many years behind the States and Europe and having property today will make us the rich of tomorrow. Property prices here are not beyond the average person here compared to Europe etc. But its starting to go that way.<<
There are two problems with this hypothesis:
1/The UK has the most expensive r/e in europe…but the rate of home ownership is >= the rate of home ownership here in oz. The average slob in the UK is a home owner. In the US homes are more affordable than in oz….relative to average earnings etc. Get away from NY City or LA and r/e is cheap as.
2/Do some research on future demographics…then read “conquer the crash” by Robert Prechter. Researh what happened to r/e prices in the 1930’s. There is a plausible theory that r/e could go into a long term down trend starting around the mid 2010’s.
Finally, do some research on contrarian investing….when everybody is doing the same thing, it’s time to get out!
Happy investing, AHAHAHA[}
]Hi Terry,
Stockcentral is dead[xx(]
Reefcap – http://lightning.he.net/cgi-bin/suid/~reefcap/Ultimate.cgi?action=intro is very good especially if you are into technical analysis
http://www.sharesguru.com is also good but more on fundamental analysis
http://www.tradersnetwork.org is also good but costs around $250 p/a[
]Then of course there is http://www.hotcopper.com.au but most things I have to say about hotcopper would probably be viewed as slander, so I won’t say anything about this cesspit…fun if you like to argue and bicker I ‘spose.
Cheers
Hiya Brent1,
All this talk of ASIC has gotten me very bloody jittery[
] So have pulled the page for the moment until I clarify what the story is.Thanks for the interest[
]Cheers Wayne
Hi Bec,
Speaking of boom and doom, how goes the property market in the UK atm.
Thats where I would like to invest….UK, but in the doom that is, definately not at the minute. couple years from now maybe.
I do like your suggestions as to what to do in the meantime[
]“Question is “Is a $300/wk rent on a $270K investment with potential for strong capital growth good enough?” Any advice? “
What’s the adress and the r/e agents telephone number, I will personally check it out for you!!![
][}]HEHEHEHE…..funny!!!![
]Hey Redwing, I notice a lot of your posts are in the middle of the night!!
I have a good excuse to be up…whats yours??[
][:0)]Cheers
WayneProperty:
No bargains for a couple of years yet. It will take time for financial pain to set in for those overcommitted.
Sharemarket:
Be bloody careful if you are looking long term. Be very very selective. P/E multiples are still way too high overall….in other words not too many bargains to be found…but there are some…do your research[
]Trading is a whole ‘nuther story and I suspect will be rather good![
][]Wayne
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