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interest rates still due for 1 or 2 more cuts, prices still falling.... good opportunities now perhaps even better in a year or 2
Opportunity -- Property -- After 20 yrs its here again
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Well I'll be...
- The Jervis Bay Territory (JBT) is a territory of the Commonwealth of Australia. It was surrendered by the state of New South Wales to the Commonwealth Government in 1915 so the federal capital at Canberra would have access to the sea https://en.wikipedia.org/wiki/Jervis_Bay_Territory
JB is where the aussie nuke power plant was going to be built way back whenever. roads upgraded to suit heavy haulage, and some groundwork prep done back then.
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hahaha, I didn't mean it to come across that way!
With regards to this topic, great post Tech/a. There's no shortage of opinions about property and/or share-markets falling or reasons why asset prices are about to collapse, but very very identifying genuine buying opportunities.
Longer term who knows, but this certainly feels like a great buying opportunity in the short & medium term.
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I thought ACT was inland, as far as I remember from the last two times I visited and as jbocker mentioned.
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You could be right, it's anyone's guess where it's going to head in the long term.
But I think as Junior said above there'll be a bounce in the short term. If stock prices reflect the future, then I think the run up in the major banks tells you where the property is headed in the short term. The bank Quadro-poly is so linked in with the property market that any fear of decline in property caused these shares to sag as we've seen recently and any optimism in property causes bank shares to rally as we are seeing now.
I wish you could trade property like shares i.e. to ride the short term up trend in place at the moment. So I've been researching other ways to play this trend i.e. shares that benefit from the property market. I've got a couple of shares like CSR and HVN that could have a nice knock-on effect from the property demand. I've written more detailed explanations in the Speculative Stock Portfolio.
ohhh, i thought u must live there from what u said earlier about moving it ...... but yeah, there is a whole country out there. (can you quickly draw a picture of australia for me on a piece of paper)
on the real estate thing, to trade as per asx, if you want to asx invest but not stock pick then maybe index funds for property may be worth a look. then u can have all of the eggs in one basket, SLF and the like, or call warrants like SLFS01 and the like if u want leverage into the same to test your long term view. street Global, vanguard and the black rock boys all do similar stuff amongst others. Not exactly real-estate or going to make a fortune, but whatevs.
(on that picture u drew, did it have tasmania?)
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Good one mate, no actually I don't live in ACT. I visited a couple of times by going inland(de-tour) on trips from Sydney to Melbourne along the eastern seaboard.
Wow, SLF is making new high's ! Thanks for pointing out, that's also a good way to play this trend without taking out huge sums of money on housing loans.
on that .... the underlying stocks like goodman, dexus, gpt etc are making 52 week highs right now (as in those 3 did that again today) .......... those call warrants in this may be worth a look for those thinking property will run for a while but they are generally a real pri*k of a thing to get on in decent amounts, and much worse to try to exit if things go south ...
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It is hard to be positive in term of global economy now, a matter of when will the big one it and RE is so hard to get out of quickly
Basically you have to ride a fall
if anything
I think only a very serious AUD devaluation i mean 45c to the USD would preserve RE price in case of a major economic recession otherwise we will see another 20 or 30pc fall
I am also thinking of selling my house for a downgrade and with my usual luck it will happen at the time of a crash
So not sure it is not yet a bit too early but if you have the cash and a decent yield...
Remember during the GFC, in the US, price crashed but rents staid quite high so ...
While too early, might be better than keeping invested in shares now..
Much appreciated this thread!
Basically you have to ride a fall
if anything
I think only a very serious AUD devaluation i mean 45c to the USD would preserve RE price in case of a major economic recession otherwise we will see another 20 or 30pc fall
I am also thinking of selling my house for a downgrade and with my usual luck it will happen at the time of a crash
So not sure it is not yet a bit too early but if you have the cash and a decent yield...
Remember during the GFC, in the US, price crashed but rents staid quite high so ...
While too early, might be better than keeping invested in shares now..
Much appreciated this thread!
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The problem is knowing exactly when that "major economic recession" will come.
Just out of interest, what's the QLD RE prices like? I heard it hasn't boomed to the levels in Sydney/Melb.
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I believe with recent APRA ruling, property is coming back.
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No opportunity, just good odds for stinky fingers........
Also...............................................................
Also...............................................................
tech/a
No Ordinary Duck
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Fear is a very strong emotion and from what I see the biggest
Reason for opportunities to be passed by.
Coulda
Woulda
Shoulda
explod
explod
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The economic rhetoric via the media is without depth. Businesses are in trouble and closing, workers are losing work hours. The latest interest rate move down has been dressed up as the saviour but analysis of political and business spouting lacks tangible value. Base materials etc., exported are doing well but do not feed back to assist our economy.
I would hold off on buying a home or investing in property for awhile yet.
I would hold off on buying a home or investing in property for awhile yet.
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I think property is a better bet than the share market at the moment.
Shares are totally out of kilter with the real economy and is surviving just on interest rate cuts and the expectation of what they may do.
If consumers were spending and employers were taking on people, the share price increase may be justified, but I think it's just a false bubble that can't last.
explod
explod
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Do not disagree rumpy, but was only thinking property. Share market a whole different game and only for well informed players. Can never go wrong holding property or tangible assets, but seeking to gain by entering the property market atm I would not do.
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tech/a
No Ordinary Duck
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Appreciate different opinions
In the late 90s I heard exactly the same
I’m happy to go against the trend
In the late 90s I heard exactly the same
I’m happy to go against the trend
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