- Originally posted by GPSNetwork:
What I found funny is that he says sell your investments, and also says no one buy property.. So if everyone is selling, who buys?? Where is the logic there??
I just thinks it’s just one point of view and there are alot of others..
At the end of the day, people need housing and if it means everyone is rushing to the market desperatley to sell.. Me and my client investors are there ready to snap up the deals.. “Buyers Market”
And if no one is buying, then everyone is renting, better returns for us!
There are a million ways of looking at this; when ever there is a gloomy cloud in the sky, there is a bright sun right behind it..
Roy H.
L.R.E.A., Dip FS (FP)Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!
Hi Roy,
I watched the story beginning to end. I must point out that he did not say “no one buy”. He was quite specific in suggesting that for investors there was no rush, but if you were a PPOR purchaser and the deal was right and you are going to be in it for the long term then go ahead and buy….that’s what I heard anyway.Also, I think Mr Symonds is a realist. And he would know that if he suggests that “all investors that own property should sell and those in a position to buy should wait”, that only a percentage of people in that category are going to follow his advice, and there is always going to be a market for buyers and sellers. You could present the world with the most valuable peice of knowledge and only a portion would be willing to grasp it and use it – that’s the variation in the species!
Craig.
Hi Craig,
I agree with you,
You could present the world with the most valuable peice of knowledge and only a portion would be willing to grasp it and use it – that’s the variation in the species!Words of wisdom right there…
It’s just amazing how everyone of us will process same info in many ways and produce all so different results.
Roy H.
L.R.E.A., Dip FS (FP)Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!
Originally posted by shaunwalker:yeah, i just sold my last IP in oz on friday,
50k profit, you’ve got to be happy with that! (sold place in darwin)
nearly ready for any correction, and then will start again.
cheersLead, Follow or get out of the bloody way
Noted on the radio early a.m. this morning that Darwin and Perth are the only 2 capital cities where property prices are still positive, all others are now declining!!
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Don and Liz:Hi Foundation,
Wasn’t the armageddon supposed to happen last year or was it 2003? Maybe it will be next year or the year after!No, you must be thinking of the Holllywood blockbuster starring Bruce Willis…
Banking problems usually come after a boom, not at it’s peak. Referring to recent history, take Westpac post the previous house price boom. There is a very good reason why they have been far more cautious than most other lenders with the Low Doc market this time…
Cheers, F.[cowboy2]Hi Foundation,
Now that was a lame movie.
I don’t know to much about banking business on the larger scale. How much of bank like westpacs total business would be tied up in domestic home loan lending.
Cheers
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Property Spotters living in NZ
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Email now to receive info on the lastest deals!After all the hype from the Sunday Show, this article comes out..
Confident banks predict house prices for 2006
Major banks have rejected statements by home loan provider John Symond that the real-estate market will continue to fall click here for more… http://www.gpsnetwork.com.au/MediaArticles.htmlRoy H.
L.R.E.A., Dip FS (FP)Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!
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