Is 2016 the year you’ll make a killing in the property market?

Discussion in 'Property Market Economics' started by Sackie, 10th Mar, 2016.

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  1. MTR

    MTR Well-Known Member

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    .... Then you did not buy in Croydon, Melb with gains of 40%+ gains, purchased in July 2015, settled in January 2016.

    But I do understand... booms do not last forever
     
  2. Plucka

    Plucka Well-Known Member

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    Not sure what this has to do with 2016.
     
  3. MTR

    MTR Well-Known Member

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    Title of the thread "2016 .......
     
  4. Plucka

    Plucka Well-Known Member

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    Yep, so how is a property bought last year and sold in Jan this year representative of 2016?
     
  5. MTR

    MTR Well-Known Member

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    Perth - falling market
    Sydney - Peak/falling - ( Syd west suburbs)
    NT - falling market
    SA - bottomed ?
    Brisbane - predicted growth?
    Melbourne - rising market East, strong growth in middle ring, high demand for development sites generally in Melb market.
    Tassie - don't know
     
    Last edited: 11th Mar, 2016
  6. MTR

    MTR Well-Known Member

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    I did not sell, currently with council for proposed development.

    Because there is no stock, development sites are scarce in Melbourne market everywhere, this is continuing to drive prices up. End values also continue to rise.

    No one can predict the future, but I can tell you what has been happening today in the market I am playing in.


    MTR:)
     
    Last edited: 11th Mar, 2016
  7. Sackie

    Sackie Well-Known Member

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    Tassie - TAS Excerpt from the 2016 March Market report

    Overall, not a place I would want to invest in myself, but I'm sure others have done well though. I just see much better markets elsewhere and objectively I cant justify a purchase in Tassy for myself.
     
  8. Plucka

    Plucka Well-Known Member

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    And yet your predicting/claiming a 40+% rise this year?
     
  9. bob shovel

    bob shovel Well-Known Member

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    Speaking of killing... images (3).jpg
     
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  10. Plucka

    Plucka Well-Known Member

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    All I keep reading is a huge oversupply of apartments in Melbourne coming online, driving prices down.
     
  11. MTR

    MTR Well-Known Member

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    No, not prediction a recent sale of same size block same zone and sold at auction (around the corner) for approx. 40% more.
     
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  12. Barny

    Barny Well-Known Member

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    what classifies a killing? throw us a figure and I'll give you an answer.
     
  13. MTR

    MTR Well-Known Member

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    I could go on forever, but will keep it short, oversupply of apartments in Melb and other markets inner city is correct, however this has nothing to do with what I am buying, different product and it is demand that pushes prices north. Oversupply drives prices south.
    Anyone buying in markets that have too much stock will most certainly lose their money.
     
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  14. Plucka

    Plucka Well-Known Member

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    Again, fail to see how this relates to 2016 predictions, all that says is 2nd half of 2015 was strong growth, which we all already knew.
     
  15. MTR

    MTR Well-Known Member

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    July 2015 purchase, however property prices in 2016 continue to rise, in particular development sites. I think I have repeated this one, if you don't agree or believe me then that's fine, I can only state my personal experience in the market I play in.:)
     
    Last edited: 11th Mar, 2016
  16. bob shovel

    bob shovel Well-Known Member

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    Urban Dictionary: make a killing

    make a killing
    have a success, easy and quickly earn loads of cash, hit the top

    Mother to daughter: "If you are pretty and smart you can make a killing if you are intelligent only you probably can make a living"


    In short make money in 2016. Further specifics please seek financial or psychological advice
     
  17. Plucka

    Plucka Well-Known Member

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    This time next year I think a lot of people will look back and see if they beat inflation they have done very well. Making a killing, ahh, No.
     
  18. Sackie

    Sackie Well-Known Member

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    I have seen some great deals to buy this year all over the place. Just depends on your strategy, knowledge and skills to make the profit a reality. But from my perspective, there are definitely good deals around in 2016 to make a heap of cash.

    I would be looking at Brisbane, and in particular the 'next hot spots' neighbouring the places that already have had a good growth spurt, as well as parts of Adelaide and towards the end of the year maybe Perth. Not buying in over supplied markets but buying high demand stock, at good prices and something to add value to. That would be a 'killing of a 2016' in my books and will set you up for 2017-2020. Just my approach and opinion.
     
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  19. Barny

    Barny Well-Known Member

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    Make money in 2016 for sure. Can do any year.
    Make a killing, not so sure
     
  20. MTR

    MTR Well-Known Member

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    I just don't know what a killing is really?? it could be 20%, it could be 50% I don't know.

    Any gain is good IMO.

    Its very much dependent on the amount of money you have invested not just %, 20% of 2M, or 40% of $500K, makes a huge difference to your bottom line.
     
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