wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,953
- Reactions
- 13,247
There is also the opportunity to hedge, profit and accumulate around a base shareholding with options... without throwing extra cash at it.
The vast majority don't leverage up that high with shares.
How many people do you know that have a 90% LVR on their share portfolio.
Not many, if any.
Cheers
The vast majority don't leverage up that high with shares.
How many people do you know that have a 90% LVR on their share portfolio.
Not many, if any.
Cheers
But, seriously I don't know many people with 90% LVR on their homes either (not that they tell me anyway), I know alot of people start off with 90%LVR but the majority would be a decent way through they loan.
Because I was refer to the correction " they" predict (50% drop) in contrast to the one I predict (10%max drop with some stagnation).
You do know, in real terms, the market has already lost 8%.
It's reported a 4% decline in housing prices PLUS inflation, at around 4%. So inflation has eaten their money away combined with the national housing decline......
I predicted a flat market this year with losses next but I was wrong. Oh well...
Think about it, an 8% loss and there's not even a panic, yet. Imaging how far prices will fall when there's a panic and 40% drop doesn't seem unrealistic anymore.
Unemployment rising, china slow down, mining slow down, recession, carbon tax, natural disaster, USA stock crash - it only need to take one of these things to happen to see a panic and one of them is guaranteed (carbon tax)
Just keeping it real, RPdata figures for June.
Nothing really to see, just property doing wheat many predicted it would do, drop.
Median Price YOY
Sydney $500,000 0.5%
Melbourne $475,000 -4.3%
Brisbane $420,000 -6.6%
Adelaide $380,000 -4.5%
Perth $455,000 -6.3%
Darwin $425,000 -3.3%
Canberra $490,000 1.9%
National $455,000 -2.9%
Hobart* $320,000 -4.4%
Cheers
Show me where you can buy a decent house on a good block in a good suburb in Sydney for $500k and I'll run a ruler over it (And not out in the sticks).
Show me where you can buy a decent house on a good block in a good suburb in Sydney for $500k and I'll run a ruler over it (And not out in the sticks).
What your describing is not a median house,
To me you are describing a better than average house, but asking for it to be advertised at a less than average price.
Is his "median price" like the so called average wage?
Is his "median price" like the so called average wage?
I think it means the average for that area and is calculated on the local demographics or mean standard for that area, so to speak.
Median is middle number.
Eg. 1, 1, 2, 2, 3, 4, 5.
Median is 2
Average is 2.57
Median = Mean under a normal probability density
Both a measure of centre, one better than the other depending on the distribution
Semantic bs really
Awaiting a clearance rate of 55% on 485 auctions tomorrow (even though inventories are up 40%)
MW
"The clearance rate this weekend is 57 per cent"
"There was a total of 462 auctions reported of which 264 sold and 198 were passed in, 136 of those on a vendors bid"
462 is considerably less than 663 last year with around 35-40% more stock this year.
Where are the other auctions????
630 predicted next week.. I predict
515 reported 56% clearance.... any takers?
Bubbles coming out of somewhere at REIV
MW
P.S. Anyone know where ROBOTS is??? Haven't seen him around in a while.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?