Don't Buy Property in 2019

Discussion in 'Property Market Economics' started by MTR, 23rd Dec, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    6,175
    Location:
    Australia
    Perception is reality
     
  2. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World

    True
     
  3. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    That is auction clearance rates; what about sales by private treaty?
     
  4. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    I disagree. My view on perception is:

    “Perceptions may NOT be the ultimate truth but they are what people use to make decisions”
    (Institute of Creative Learning)
    So, perception is not reality ;).
     
  5. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World
    Its one measurement which is available every month, good tool to track sales

    I think its 95% ??that go to auction in Syd

    In boom times its pretty much the only way to go
     
  6. Waterboy

    Waterboy Well-Known Member

    Joined:
    29th Aug, 2015
    Posts:
    2,802
    Location:
    Denial is Not a River in Egypt
    assuming you can get a loan
     
    Last edited by a moderator: 10th Oct, 2021
    MTR likes this.
  7. MK101

    MK101 Well-Known Member

    Joined:
    17th May, 2017
    Posts:
    71
    Location:
    Sydney
    I heard a new one the other day - perception is projection
     
    kierank likes this.
  8. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    Yep, you are projecting into your mind, your brain, your thinking, your behaviour, ...

    That is why negativity is so dangerous, not only to the one with the negativity but also to their family, their love-ones, their friends, basically anyone who has contact with them.

    There are a lot of people on PC who think the world is in a bad place. Property prices are crashing, loans are hard to get, sharemarket is crashing, incompetent governments are in power around the world, ...

    I learnt a long time ago that negativity attracts more negativity. That is, because your perception is negative, you let more negativity into your life.

    I believe the converse is also true. That is, positivity attracts more positivity. As your perception is positive, you let more positivity into your life.

    So, even when crappy things are happening in your life, it is far better search for the positive.
     
    Sackie, Iamnumber5, ellejay and 6 others like this.
  9. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World
    I have yet to meet a successful investor that is negative, I think its an important trait IMHO and I think they go hand in hand.
     
    John_BridgeToBricks likes this.
  10. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    I have highlighted a key word and I totally agree with the above.

    Successful investors are positive people and their positivity is a huge component that results in their success.

    My post was alluding to wannabe investors and others ...
     
  11. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World
    Agree
    Yes, it takes a positive attitude and persistence to deal with the ups and downs of investing.

    Sadly, Many will give up and I get this, its not always smooth sailing
     
    ellejay and kierank like this.
  12. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    I would say it is hardly ever/never smooth sailing :eek:.
     
    kitdoctor and MTR like this.
  13. BuyersAgent

    BuyersAgent Well-Known Member Business Member

    Joined:
    20th Jun, 2015
    Posts:
    1,401
    Location:
    Oz
    Smooth sailing is boring. Surfing waves is way more fun.
     
    MTR likes this.
  14. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World

    As long as there are more ups than downs:(
     
    BuyersAgent likes this.
  15. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    As long as they aren’t 24m waves :eek:.
     
  16. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    1,348
    Location:
    Sydney
    Interesting thread.

    RC Report findings delayed to the general public (but pollies get a sneak peak in so.e kind of 'advance screening'...hhhmmmm....).

    Labor almost a certainty now.

    Look I know I will cop a lot of flack for what Im about to say but... I actually think Sydney and Melbourne WILL be a good buying opportunity for those over the next few months who can access finance still. I get it, no one wants to catch a falling knife BUT if you are a medium-long term buy and hold investor, buying quality properties in Syd/Mel over the next few months that entitle you also to grandfathered NG and CGT-50%; for a LONG term investment strategy, I think is a smart play.

    Not ALL suburbs of course, and NOT the brand spanking new apartments or house-and-land; but established apartments in rare/boutique/warehouse-conversion type of blocks will always be desireable. Houses you can afford to buy/hold in good school catchments will also always be affordable.

    Re: US, my personal belief is, they are betrer to but cash-outright with no mortage. I know that that precludes many AU buyers already but if you can extract $80k of equity from AU (or use $80K savings from AU offset account) you can find a quality high yielder that, even if it goes down in value, will continue to yield well.
     
  17. lynchy

    lynchy Well-Known Member

    Joined:
    15th Sep, 2015
    Posts:
    618
    Location:
    Perth > Melbourne > Sydney > London > Sydney
    Have bought
    what are your thoughts on properties that have been purchased as a PPOR with a view of being an investment property at a later date? My partner and I have just purchased our first place in Sydney which will likely be our PPOR for the next 5 years. We’ll look to upgrade our PPOR after 5 or so years at which point it’ll be interesting as to whether renting or selling will be most beneficial
     
  18. Otie

    Otie Well-Known Member

    Joined:
    26th Mar, 2016
    Posts:
    1,404
    Location:
    Vic
    I think its a great time to buy for FHB or first time investors. No competition, no other offers, you get your pick of the crop and don't miss out every time you think you found something. I think late 2019 will see the best bargains. Im hoping Melbourne outer suburban will come back 20% so my mum can afford one as an IP to eventually downsize into. Having said that Im not buying, I'm done for this cycle
     
  19. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    6,175
    Location:
    Australia
    Might be a good/better time to buy but I reckon 80% of the folks here excluding the noobs are probably maxed out.

    And most of that 80% probably can't afford to buy in Sydney or Melbourne, irrespective of whether prices drop another 10-15%.

    The doomsayers are a dominant voice on this site at the moment but the irony is virtually all of them aren't in a position to capitalise on what is a soft market. Voicing their negativity is free though.
     
  20. berten

    berten Well-Known Member

    Joined:
    12th Jul, 2018
    Posts:
    600
    Location:
    Melbourne
    How can you possibly know?
     
    Last edited: 1st Feb, 2019