Bite or flight PC survey

Thought it would be interesting to see how the PC microcosm fares, given the below.


According to "The Property Investor Sentiment Survey, conducted by the Property Investment Professionals of Australia (PIPA), saw that from 820 property investors, 77 per cent said now is a good time to invest in property, more than last year at 71 per cent. Nearly every investor also has a plan regarding their property investments at 98 per cent. Over a quarter at 28 per cent had detailed plans for long-term investment."

 

A smart properties investor would encourage others to buy while he is off loading in late stage of the boom or small correction, as you need buyer to stabilise the price, they cant all be seller .. It pump and dump in the stock market ...

 

I feel like I'm done with accumulating for now. I plan to pay down the PPOR and then get into shares. For now property is just too much of a headache, combine that with the negative sentiment, Im over the stress of it. Plus, the bank wont give me any more money now lol

 

I dont operate in Sydney or Melbourne, therefore it's a different universe with different market conditions. Business as usual up here in Paradise.

 

Survey was for "anywhere in Australia".

 

I know. The news media is about Sydney and Melbourne and averaging the statistics across all of Australia - makes for a distorted reality.

 

this is the full article . Could be interpreted a few ways re which investors they are asking. Not sure its specifically only asking those in syd and Melb but could be wrong.

Market softening not scaring majority of investors

 

Wouldn't mind purchasing some more properties, but for me at the moment, need to improve my cash flow with some renovations and adding granny flats. I know I have equity in some of my ips, so if serviceability permitting as per survey, see it as a fantastic opportunity to buy into some areas which had a high level of competition previously during the boom period.

 

Positive article.

 

Never investing anymore in property - those days are over for us.

From now we will be investing in shares and ourselves (holidays, the odd bottle/case of good Shiraz, ...).

 

Hubby received approval this afternoon for him to change to nine day fortnights at his day job - semi retirement for us starting October. Our houses increased $100k so far this year, so we will sell them down once they come off Fixed Interest and then

Sayonara

Rat Race.

If we buy another house, it will be something small and modest in a sea side township on the Sub-tropical Coast, within an hour of a decent hospital. For about half what we sell one of these Brisbane houses for, we can live happily ever after.

Shuggar, I hope I have really conquered my snake phobia

 

Toowoomba is also nice. As much as we both love Caloundra, Toowoomba is also a place that holds special memories.

 

As we are on a marathon, I voted 36 months not because I don't want to buy more but rather my wife is about to take a year off work due to our second child (start mat leave tomorrow).

So really it would be 12 month before we could consider buying another property but more likely another 12 months on top of that to get serviceability sorted along with finances (revals, buffers on offsets etc) and then allowed another 12 months to purchase/settle/contingency.

This is obviously not set in stone and it could be 12-24 months but depends on how badly the finances have taken a beating over the next 12 months (have budgeted - but 12 months of something popping up) with going from 2 salary income to 1 - have other revenue streams but our salaries are by far the most profitable. It also could be 5 years but I think three years is a good and realistic target.

 

Congrats on your #2 !

 

Leo et tu ??
Auntie Angel checking in here

 

TBC.

 

Im all about paying off debt and investing in other asset classes at the moment.

 

I'm done too - have too many IPs as it is. Need to simplify my overall property/non-property portfolio. I'm (too) heavily weighted towards resi.

Thankfully, (well, fingers crossed), I bought my last in Sydney in 2012 and my last in Brisbane in 2014...before both cities moved.