Market Crash? A different perspective on IO

These agencies must be witnessing a notable amount of investors trying to offload as p&i kicks in

 

It's beyond me why otherwise intelligent investors can't simply follow the timeless advice of buy when markers correct and sell or consolidate when markets peak . So many ppl find it too psychologically difficult to leave the herd and invest in an opposite fashion to most others.

 

In different threads you write different things....such as not to touch property in sydney now.......and in another thread doing a 20million dollar duplex development in sydney....hmm

 

Perhaps. It depends how prepared they were. Personally, I prepared well, switched all my loans to P&I and won't be selling anything.

 

It's interesting because I have bought, held and sold an investment property in Melbourne for a profit. I don't have to guess at the numbers because I know what the numbers are. I made a lot more than putting the initial deposit in a HISA and earning $3k per year

If we want to play good investment/bad investment, sticking half a million dollars in a HISA and making 3% per year is nothing to brag about. It's a low return actually. You would have done a lot better buying VAS, as one simple example. There's always an armchair critic and always a better deal.

 

OK that did not age well