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Probably a town near the mines.
Thanks Happytrader,
Ahh excellent, thats 20pc over this year !
What NQ Town are you from ?
Probably a town near the mines.
Claims of soaring rents and a crisis facing tenants around the country may be an exaggeration by a real estate lobby desperate to turn around the moribund property market.
Exactly FF, these guys would have you beleive thats there is a land shortage in Australia
If you buy a 400k owner occupied house in QLD with cash you and you decide to sell the very next day through a RE agent you need to get atleast 420k to break even. (430 in Vic, 425nsw)
If you buy 400k of BHP and decide to sell the next day you need to get 400.04k to break even.
Pretty cool hey
Once i bought a MArs bar for $1 and this hungry guy came along and Bought it for $6, he saved it and sold it 10 years later all moldy for $250 then this collector of Mars bars came along and paid $1200 for it.
Like yourself i dont have any proof of this claim, but none the less it beats shares.
Have a nice day !
Bit rough to presume that people are lying on this forum mate, sounds to me as though you are a little jaded. You gotta admit that property gives you leverage you could never get out of the share market (without taking stupid risks).
You would be pretty thick up top to want to sell the next day so your point is of no use to this discussion. There dosen't seem to be many day traders in the home market. However it can happen. I once bought a block of land for $1000. After we had signed the contract another buyer came along and wanted it. I told him it was for sale at $6000 and he agreed to buy it. ( 10 years later it sold for $250,000 and recently for $1,200,000) That beats shares.
Once i bought a MArs bar for $1 and this hungry guy came along and Bought it for $6, he saved it and sold it 10 years later all moldy for $250 then this collector of Mars bars came along and paid $1200 for it.
Like yourself i dont have any proof of this claim, but none the less it beats shares.
Have a nice day !
House prices fell for the first time in nearly two years in the three months to August and the outlook for the market is subdued because of higher borrowing costs and financial market troubles.
The Royal Institution of Chartered Surveyors' house price index for August fell to -1.8 from a downwardly revised 10.8 in July -- the first negative reading since October 2005.
Enquiries from potential homebuyers fell for the ninth month in a row and at the fastest pace since August 2004, while newly agreed sales fell for the third straight month and at their fastest rate in nearly three years.
There are day traders who claim to be able to exceed 10% per month.
If that is right and they maintain just that growth then in ten years, $100 at 10percent per month compounds to $6 million. Now that sure beats real estate.
You said you weren't in the industry, now you say you are :headshakehello,
just got back from signing up new vendor
vendor has set reserve at 675k, so going to advertise at 500k plus
auction in 4 weeks, will be good
thankyou
robots
Housing crisis set to worsen
Thursday Sep 13 16:45 AEST
The housing sector remains in bad shape with the housing affordability crisis tipped to worsen amid predictions that interest rates will likely rise again.
Australian dwelling commencements fell by four per cent to 36,512 units in the June quarter, figures released Thursday by the Australian Bureau of Statistics (ABS) show.
You said you weren't in the industry, now you say you are :headshake
Exactly as I suspected of you, a VI. :twak:
Some 85 percent of Australians don't trust real estate agents, according to a survey by a home lending group
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