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Adelaide or Brisbane with my budget

Discussion in 'Where to Buy' started by rogerG, 31st Oct, 2016.

  1. MTR

    MTR Well-Known Member Premium Member

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    Any reason why no one is paying attention to this?

    if Newcastle is actually booming today, none of this IT WILL EVENTUALLY HAPPEN

    Very easy to find, you phone the local agents in the areas/suburbs and find out if there are more than one offer on the table on properties, how long is it taking for houses to sell, who is buying?

    If its a rising/booming market then you can make money today, rather than sit and prey for growth. This is where you don't need a crystal ball if it is infact rising.

    Newcastle NSW is absolutely booming
     
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  2. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Likely cos Ald is a notorious troll would be my guess
     
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  3. JDP1

    JDP1 Well-Known Member

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    yeah...perhaps 10 years ago it was...but not now.
     
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  4. MTR

    MTR Well-Known Member Premium Member

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    LOL, Loves Perth actually, but that is a nonsense because we know Perth is a falling market, fact.

    However, there are many other posters claiming Newcastle is booming, as I said why ignore this thread, why not find out if it is fact or fiction.

    Seems people on this forum want to make money but seem to follow the herd, rather than doing the homework, this is what counts and smart money will work it out and be ahead of the crowd. Not saying Newcastle booming, but wondering why people keep banging on States that have yet to boom.

    Oops
     
  5. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Likely because they have a longer term strategy and prefer to hold throughout a cg cycle rather than a quick in/out. While you do not favour a B&H strategy, many do as constantly trading housing stock for quick cash profits is not in their skillset or something they aspire to. We cant all be as opportunistic as you :)
     
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  6. MTR

    MTR Well-Known Member Premium Member

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    I favour making money in a shorter time frame, is this a trick question:p I must be an opportunist

    prefer to double my money within a 12-18 month time frame. Investors who buy in rising/booming markets also have the option of holding and making short term gains and accessing equity, who has to sell?

    But then again if they prefer to buy in flat or falling markets then great go for it. I bet I know who will make the most money... and I forget you don't get that time back;)
     
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  7. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Its good news then that Adelaide is a rising market and Brisbane is start of recovery according to HTW. Newcastle is peak of market, it would probably not be prudent to be buying in now unless you had expert on the ground knowledge? I havent lived there for almost 20 years so I only hear about it from family.

    [​IMG]
     
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  8. MTR

    MTR Well-Known Member Premium Member

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    Its not a competition as to whether and when Adelaide will boom, it has not happened, that is fact. You can show me charts, tables, stats etc. it means zip, what matters is what is happening on the ground. The amount of stock that is selling, demand vs supply it is that simple. It will boom one day, but its not now, that's all, nothing personal about this.

    I am sure you can source some good deals, but I am talking about market conditions and how investors should be paying attention to this if they wish to reach their goals in a earlier time frame. If not ignore my posts.

    Just seems silly that people keep banging on wanting to make money, yet they continually ignore market conditions. One of the most important factors to consider when buying property.

    As I mentioned Newcastle may in fact be booming from what I am reading, I would like to see forum members make money, many did not jump into Melb which was also booming.

    For those who want to reach financial freedom in a shorter time frame then what is the harm of actually educating yourself and making a few phone calls, if it means they could actually make money rather than wait because the market is flat or falling.

    @Propertunity may be able to provide more info on this as he buys in this market.

    MTR:)
     
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  9. larrylarry

    larrylarry Well-Known Member

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    Lucky no one believed Ald.
     
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  10. Perthguy

    Perthguy Well-Known Member

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    I agree. However, you have mentioned Melbourne many times but I see it as high risk. In my opinion it is running out of steam. People who jump into the wrong areas now may not see a capital gain for many years. Not a good way to make money. Buying into a rising market is good. Buying into a peaking market is not good. How do you tell the difference?
     
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  11. MTR

    MTR Well-Known Member Premium Member

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    You think, not so sure....LOL
     
  12. MTR

    MTR Well-Known Member Premium Member

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    I am not jumping into Melb, I said it was/is a great market, still strong in some areas, fact, I am not looking.

    I have already taken my profits off the table. I am not advocating anyone buying anywhere, I am simply stating that investors who want to make money should look at market conditions prior to buying, forums are great for leads but everyone should be contacting those on the ground that can give them the information required to establish what is happening, their money/their risk. Someone would think it is a crime to state the obvious.

    I do like Melb because the fundamentals are strong, does not mean I would continue to buy at the moment.

    MTR:)
     
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  13. larrylarry

    larrylarry Well-Known Member

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    Can't take him seriously. Why would anyone?
     
  14. D.T.

    D.T. Specialist Property Manager Business Member

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    No one does. Its probably someone's fake account.
    Vested interest there perhaps?
     
  15. Perthguy

    Perthguy Well-Known Member

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    I agree. However, when I look at market conditions, how do I tell if a market is rising or peaking?
     
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  16. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Given HTW are a valuer and data analyst company, and their charts, tables and figures come from actual sales on the ground and analysed by experienced professionals, I would have a reasonable level of confidence in them.

    Like anywhere, Adelaide is markets inside markets. There have been suburbs with no growth and some with 20% growth in past 12 months. You just need to be choosy with your location, in the same way you were all over Thomastown when other parts of Melbourne were quiet and made a tonne of money.
     
  17. MTR

    MTR Well-Known Member Premium Member

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    Its very simple, I mentioned Newcastle, only because there is a relatively new thread and the numbers have been mentioned and to me the numbers are boom numbers.

    However, it could be BS, need to phone many agents to keep the honest and find out the nitty gritty

    what is selling
    how many offer on the table
    how quickly are properties selling
    what is the product that is in demand
    who is buying
    check out realestate.com are there many UNDER CONTRACT if there are lists of these then you know that is a great sign, something good is happening.
     
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  18. MTR

    MTR Well-Known Member Premium Member

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    Melb was already a rising market that was the difference and that is my point.

    HTW I know who they are, that is fine, if we all used these charts to identify boom cycles we would all be zillionaires within 5 years, the fact is they are just a guide.

    Your strategy working for you and your clients that is great, I am sure you find some brilliant deals, I get that, I am just talking about market conditions a totally different beast. Nothing to do with what you are doing but about timing markets to maximise returns/outcome.

    No point going around in circles with this, we will have to agree to disagree.
     
  19. Connor

    Connor Well-Known Member

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    I completely agree with what @MTR is saying.. If there are markets that are rising right now, why would an investor not take a serious look at them and get that capital gain sooner? It just makes more sense... Rather than speculating and trying to identify markets then 'will eventually' rise... If they're moving now, jump in and ride the wave..
     
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  20. D.T.

    D.T. Specialist Property Manager Business Member

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