Don't you love Predictions

Last time was about a month ago, will do a search in a bit as you queried.

If you got info to save me + points for PM me =D

 

They've gone under voluntary administration... if they owe you money or you do business with them, you'd better watch out...

 

Knew that ages ago, I think it was April or early May but thanks

They are about 0.0025% of our business revenue, yes it will be a big loss as they are up there as one of our top clients (maybe top 200 clients) but we have many thousand of clients.

 

How far away from the bottom do you reckon Perth is?
What sort of signs do you see on the ground there?

 

With most commodities still heading south, I dont know why anyone is trying to pick a bottom.

 

What bumskin said is about right.

 

[QUOTE="MTR, post: 226221, member: 349"
BIS Shrapnel predicting 17% growth for Brisbane over the next three years, we are now 2 years since this article was written...[/QUOTE]
Monkeys are better at predictions than BS Crapnal.

 

Thinking I might get in position for a 2017 purchase?

 

Perth will still head Futher south IMO wait for LNG projects, gorgon, weastone and ithchys to finish in a year and watch all the workers go back east where its a lot nicer.

 

Has Perth hit its rock bottom for property prices?

 

All the best deals and opportunities are found in markets within markets. I am sure there are good deals in every single state right now packaged in different ways, often disguised. Investors who can identify them and then capitalise on them will usually get great results above most other investors, imo.

 

I don't believe everything i read - i agree with @sash you gotto hit the ground to see what is going on. One report puts it up there as number 1 foreign investment beating hong kong (?), sydney, singapore when some parts of SE Asia do even not have direct flights there.

Brisbane takes top foreign investment strategy award




i still think brisbane has value over other capitals but seeing the floods this with the insurance and levies more than a body corp of apartment in sydney and melbourne?

 

Why is it that these predictions are always given as a very precise figure?

For example, the Bank of England, which has probably got access to better data than BIS Shrapnel, will tend to give its predictions as a range on a fan chart. Even the past has a degree of uncertainty about it.



I'm not convinced that anyone can predict markets, particularly over a several year period. Investing is more about luck, and buying at a fair price.

 

You can not predict an exact day, but you certainly can see the signs when markets are starting to rise/move, same as you can see the signs when markets are starting to turn.

There are plenty of investors on PC who purchased in the Sydney, Melbourne boom markets, surely not all got lucky, some realised that stock was tightening and that prices were rising. There was certainly enough media hype for anyone to work out these markets were hot, ie auction clearance rates were 80%_+.

Some will ignore this as they focus on cashflow/yield, or are attracted to lower entry level States because this is what they can afford and I am sure there are other reasons. However, if investors are chasing growth there is plenty of information available to work out what drives boom cycles.



MTR

 

Sort of. Just because a market starts, doesn't mean it's going to go on a tear.
Sometimes they just have a little bump.

 

yes, this can happen, but we have had 5 boom cycles in Australia in the last 7-10 years, to improve chances diversification oz wide

 

About 30 low lying streets in the whole of Brisbane flooded, to put this in perspective it is no different to any of the following, except that the BCC actually has detailed flood maps:
South-west Sydney ravaged by storms and floods
Or this:
Sydney homes evacuated as king tide combines with east coast low
And nothing like this:
Clean up starts at Narrabeen after floods
Or this in Tasmania:
Two elderly people missing in Tasmania amid flooding

 

No no no...sydney is the best. ..its invincible. How dare you point out any flaws in sydney.

 

I love Sydney but a balanced perspective would be good.

 

no.no Brisbane is the best it will get 20% capital growth over next year with it being no.1 investment capital in ausralia, low insurance building permiums, top schools and universities, beaches and high income jobs.