Buy low, sell high - no better place to do this than the Gold Coast

No commonality - except that it's a place live, as are all the others

I know what you mean though. It's why I think GC has both bigger boom and bigger bust cycles. But overall I would think there would be a correlation longer term - there pretty much had to be. Although I actually think long term, due to growth and development dynamics GC will out perform.

 

And now, on a different note, this is bound to attract big Asian buyer interest.

http://www.goldcoastbulletin.com.au...d/news-story/1286953f94cf8b567107378caf8680ec

 

Why do you have 3 threads going for?
Can't you just consolidate this into your "official Gold Coast" thread.

I think the title of this thread is very inflammatory.
Your not selling newspapers here mate.. Pull the reigns back chief..

 

This is a thread about market volatility. If you feel inflamed by it, either state your view on an issue, or simply move on to another thread.

So let me ask you, which market do you see as best right to buy low and sell high (and why). Possibly some mining towns?

 

All asians are gamblers?

 

I would say man are. Gambling runs strong in Chinese culture for a range of reasons.

I would buy these casino apartments for the following reasons though:

- high yield
- high occupancy (always a demand for gambling but also the convention tourist business)
- ability for self use when desired (whether for a buys weekend, holiday apt etc
- great hotel style facilities - pool, gym eat
- near pacific fair
- near all the cafes at Broadbeach
- near the beach at Broadbeach
- upside as Gold Coast tourism and airport expands
- connected to light rail.

So whilst it all depends on price, and whilst I don't normally buy new apartments this one will be one I would seriously consider.

Also in terms of pricing (and quality) phase one needs to be successful and a showcase for future stages. So again good reason to seriously consider buying this one.

 

No argument that gambling and chinese culture are strongly correlated. Look both the apartments in sydney and melbourne next to their casino's for evidence.

so based on what you said above, you would be chasing (by far the majority) the Chinese crowd as this development caters to their preferences..? I would think that similar to southbank in mel will happen- a sh#tload will come online and kill any CG...and what happens if the chinese stop buying? Will the locals touch it? i dont think so ( its about 70% foreign buyers, and id suspect the majority of that 70% is chinese)- plenty of stock in every type in both brisbane and GC and the GC does not have the diversified strength of jobs that the state caps have so if the chinese stop buying and they continue to build more, what will happen?

 

Love yr energy and passion Big Max for the Gold Coast ! I hadnt heard of that one on BB island ! Wow -these chinese are going off on the coast .They absolutley love it !

 

You appear to be positioning GC as a money printing machine when the reality is that no one actually can know what is going to happen. Are you a REA? Just curious because of the number of posts you have made talking up GC. Sorry to be a skeptic.

 

Now if I can only find 10 NRAS in the GC I'll be set for life!

 

No. Not a REA. Yourself?

As for what is going on and where to make money in property, that's what many of us on this forum are here for. Do you have any helpful suggestions in this regard (other than "no one can actually know what is going to happen"?).

And please never be sorry to be a skeptic. In all areas of business, scepticism is key if you are going to prevent yourself from making bad decisions.

 

Pretty sure this the Rolton pitch - still using successes from the last GC movement.

 

Bit of work on the stairwell and you would have 4 separate tenancies. Does this seem like good value?

45 Darrambal Street Surfers Paradise Qld 4217 - House for Sale #122492742 - realestate.com.au

 

In terms of being helpful, I think it is helpful to challenge statements that seemingly have no basis in fact (my apologies if I've missed any references that you've made other than for individual properties). I also think it is helpful to state the obvious and that is despite what people say, no one knows what is going to happen. Saying things like. "the next 4 years are going to be nuts" are only useful if there is some hypothesis behind the statement. This is why I asked if you are a REA because in my experience this is the sort of language REA's use.

To further contextualise my skepticism, in my experience sellers talk up markets in this way when there is stock that needs to be absorbed or there is soon to be stock that needs selling.

Having said this, I do agree that there is a lot going for the GC!

Personally to me property investing is a numbers game, I look at yield first as this tells me whether a property can pay for itself while I wait for CG to occur. When and if this CG materialises is impossible to know, hence my leaning towards yield for the purposes of selection. Obviously there is a lot more to it than that!

Trev

 

I think most here would agree that the Gold Coast has a high degree of volitility, hence my suggestion that is one of the best markets in Australia for buy low sell high investors. The sales data is out there supports it. Timing is key though in that market.

My language that over the next 4 years the market will go nuts, I would think if anything, is more something one would hear from a developer or a investor rather than an agent. Agents make money from sales volume, not market direction, so in theory whether the market is going up or down matters little to them I would think (although probably volume is higher in a rising market?). But for every buyer they find they presumably also need to find a seller - and get a sale and a meeting of buy and sell price they would need to talk the market down not up (to the seller) I would think.

Further an agent, presume, would be trying to sell a particular property, which I don't think I have once mentioned, rather than regions or suburbs in general (which I do mention). And an agent would presuably also provide contact information for possible customers (which I don't do). So not a great guess as to my occupation!

Finally I'm not a seller. I'm still in buying mode. I feel the Gold Coast party is just getting started. As I stated earlier volatility is your friend as an investor if you know what you are doing. History repeats and I am sure it will on the Gold Coast.

I do agree though lots going on with the Gold Coast. And yes yields are an important indicator to me too. Gold Coast yields overall are currently a lot higher then Sydney or Melbourne. I would add though that for some property on Gold Coast yields pretty much go out the window (if you are talking beachfront).

Finally I've added lots more comments on why I think the GC is on the cusp of a boom in the Gold Coast official news thread - please do take a look and you might thank me in the years to come!

 

Yup - that is true for mainly mainland chinese and hong kong chinese, overall they do gamble a fair bit. In melbourne, southbank where crown casino is actually situated like next to CBD and also many asians buy there due to the proximity to universities and chinatown etc. Crown is also like a shopping centre with food outlets, restaurants and is next to port melbourne which is less than 5 min drive to the beach. Again you are classifying chinese as all mainland chinese in the same bucket. Not all chinese are from the mainland. Back in the 90s, indonesian and Hong Kong chinese were buying up huge in melbourne.

 

Sometimes it pays to step back and evaluate any level of cognitive bias that may be present.

Very easy to 'see value' in your everyday market without understanding the value in others.

 

Good point. And I think particularly true for people living in Sydney or Melboune. And actually for Australian property investors in general - how many consider investing overseas?

And actually true also for property investors vs other types of investments.

For me I look and invest really broadly - I consider all asset classes, all countries.