Hi all,
“Is now a good time to buy, sell or hold?â€
Is it true that there are more houses being put up for sale during summer?
When do you think the Perth market is going to end its cycle?
I have been waiting for 8 months for the Perth market to bottom out.
Thanks all!!!
Hong Tran
Buy, hold or sell- It’s simply too hard to say specifically. It depends on many factors, you’ll probably have to make that call yourself.
Typically more houses come onto the market during Spring, but this year is very different from last so it just might be a matter of wait and see.
In regards to Perth, who knows, but as you seem to have been watching it closely you would have a pretty good indication of when to jump in.
Good Luck…G7
Hi,
Agree with G7 in regards to buy / hold or sell. No one can really tell. The Perth market does appear to have some steam left in it given the booming mining economy over here.Personally I am looking to the end of the commodities boom before the Perth market slows (current estimates are this may go on until 2008 having started its cycle in late 1998). Also you have a some investment flow from the eastern states and a growing population along the northern shores. However if Int rates move to that 8% then we may all be in trouble!!
Hope this helps
Hi
Its always a good time to buy, and always a good time to hold.
Selling may require some good timing, but will ultimately depend on where the property is located and what the ‘local’ market is doing at the time…
As for Perth, I wouldnt expect a slow down any time soon… Maybe mid – late next year? Either way, as long as it keeps growing Im a happy camper
Dev * [kid]
Hong,
What do you mean by ‘Perth market’ ??
When you say the ‘Perth market’, do you mean the ;
1. Little 2 bdrm flat in Yokine
2. Carpark in the CBD
3. 4×2 new house in Scarborough
4. Penthouse in an old block at South Perth
5. Container yard in North Fremantle
6. Beach shack in Mandurah
7. Industrial trucking facility in Welshpool
8. Hotel on Great Eastern Hwy in Rivervale
9. Supermarket in Balga
10. Boatpen in Mosman ParkI mean surely you aren’t trying to lump all of the above into one market…it is a complete and utter nonsense.
That is such a broad statement trying to capture probably 6 or 700,000 different types of property…how could anyone possibly lump them altogether and hope to come up with anything close to an intelligent answer.
You need to get way more specific. I guarantee you won’t make 1 dollar from any of the generalist advice you are offered based on your question.
Doing the ‘helicopter’ or ‘new age balcony view’ doesn’t cut it in property investing IMNSHO. Get down into the weeds of details and ask your question again.
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
The question also depends on what area???? You mention the Perth market. Well as Dazzling has so succinctly pointed out, Perth is a big place! And to show how complex your question is, I see in the papers over the last few days that pundits are claiming that the Sydney market has bottomed out. You really need to make your own assessment as to whether a property you currently hold is worth holding or selling. As far as buying is concerned, if I some spare equity now I’d be buying.
Eric
Hi all,
Thankyou for taking your time to read and reply to this topic.
I have been looking at 4×2 homes within a 20km base from Perth. Some ranging from $180k to $250k. But I am planning on capital gains for this type of nvesting, with depreciation to help move it into positive cash flow. Is this possible?
I also have another plan where I would like to go on positive cash flow, where I can purchase a 100k home with rental @ 150pw. This in turn I do not get strong capital gains.
I also have a block of land which I purchased for 180k and I have a buyer who wants it for 250k in Canningvale, should I sell and go into homes instead of land? As I can service more residential homes rather than land. Or should I re-value the land, release the equity and use that to pay for the deposit for the next property?
Thanks again,
Hong Tran
I also have another plan where I would like to go on positive cash flow, where I can purchase a 100k home with rental @ 150pw. This in turn I do not get strong capital gains.
I doubt very much that you will ever see a decent 100k home again in Perth, even after the Bottom out.
Seems a little like kidding your self that petrol prises are going to be below $1pl again, at some time.
Sorry to sound so pessimistic.
Regardshttp://www.owner.com.au
http://www.owner.com.au/phototour/listing_phototour.cfm?listingid=22315“Is now a good time to buy, sell or hold?â€
YES
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi K3ymaker,
It will depend on your mind set or strategy. Our personal preference is to buy rather than sell. We would only ever consider selling under exceptional circumstances. Not to say we have not sold property before!
Waiting for the market to bottom out is a fools game. Do some DD and get into property now. There will always be some new excuse. Once you think the market is at it’s bottom you may find yourself waiting for things to pick up. People will tell you that there is no point buying until prices are on the rise again.
Some of the investors in my family still own every property they have ever purchased. Others only ever hold two properties at a time. However, everyone is still active in the market and doing well out of it.
As for the “market” – it does exist. Next time you go to an open house you will see the market of potential buyers for the class of property you are looking at. The “market” is the people.
cheers
Originally posted by redwing:“Is now a good time to buy, sell or hold?â€
YES
My sentiments exactly!!!
Later………
All things are possible to the person who believes they are possible.
Whateve the mind of man can conceive and believe, the mind can achieve.
Napoleon HillThanks Everyone!!!
Its about time somebody kicked me in the ass!!.
I have set a goal for 1 million in EQUITY (not net worth) within 5 years.I ll get my finance done NOW so I can get another property at the lowest price.
Thanks..!
God bless property.!!
It’s always a goodtimeto buy, especially when everyone else isn’t…
Always do you research first though to make sure yo are getting a good deal, only then it’s the right time to buy and hold..
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auHi Hong
My formula for selling is as follows:
a) Have I added as much as I can to the property
b) Has the yeild dropped such that my investment (given the equity in the property) is now in a better place.
c) Can I sell on an insane low yeild.If the answers to these are all yes than sell. Rememebr you brought to hold but you could never have thought that the market would rise as it did or that someone would pay a silly price to buy your place.[biggrin]
yes
lol
love it! [laugh2]
Dev * [kid]
k3,
I wouldn’t be waiting for prices to return to pre-boom level- I am not sure that is going to happen.
By the way, equity IS net worth.
kay henry
You must be logged in to reply to this topic. If you don't have an account, you can register here.
