Talking to an agent (not a johnny-come-lately) the other day, he estimates inner east Melb is down 5-10% this year.
Canada is cheap. Price is not the only factor in an investment decision though.
On one hand there is a commercial organisation selling a widget. On the other is an individual selling their home. They are not remotely...
Are you really interested in the answers or just venting?
ABS figures are out today, Melbourne is reported as having risen 18.1% for 2007.
I think the issue everyones missed is that the opening poster is married, mid 30s and no kids. Come on man, the clock is ticking. :p
Insane to you maybe, I'm not complaining myself :)
crc_error, it was 7% for the December quarter.
The figures for Melbourne houses 2007 are: Residex 23.5% REIV 24% APM 25% ABS: being released on 4 Feb Valuer General: no result yet
Hi Graham, glad to hear you are on the road to recovery. I can see some logic in the post above, however for someone who has faced a life...
Hi, first up I'd ask yourself these questions Are you claiming depreciation? Have you had your pay adjusted to get your tax refund early? Are your...
I get that, but it seems every index is exposed to specifically USD currency risk.
It appears that iShare index funds are in USD. Is that right, that an investor is also taking on USD/AUD currency risk when investing in iShare ETFs?
I too think Melbourne has cooled just in the past month. Despite the published high clearance rates, I'm seeing more good houses not selling at...
I bought property in late 2005 in one of those 40+% "B" suburbs :) The market at that time was flatish to slightly up. I got a great price by...
South Yarra had a p.a. growth rate of 11.3% from '96 to '06 (source: Valuer General Victoria) South Yarra median house price rose 32.5% from June...
Tax benefits for a property on a 3.5% yield are significant. That shouldn't be ignored in this comparison.
Quite true In and out costs are ~9% (6 or 7% entry, 2 or 3 exit), so no you don't need 7 years.
I don't understand your methodology. You include interest costs for property but not shares? Why? Even with your grossly inflated costs above...
those costs are no where near 3-6%, more like 0.5 to 2 %.
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