Property Myths Busted

Discussion in 'Property Information Resources & Tools' started by MTR, 21st Dec, 2016.

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  1. MTR

    MTR Well-Known Member

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    Here are a couple of my favourite myths -

    Hot spots? where are they.
    Blue chip always outperforms.
    When market crashes blue chip is bullet proof.
    Property doubles every 10 years
     
    MTR, 21st Dec, 2016
    #1
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  2. fols

    fols Well-Known Member

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    strong yielding properties won't grow
     
    fols, 21st Dec, 2016
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  3. MTR

    MTR Well-Known Member

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    Should never buy State Housing
     
    MTR, 21st Dec, 2016
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  4. sash

    sash Well-Known Member

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    Sydney property prices never come back down... ;)
     
    sash, 21st Dec, 2016
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  5. Big Will

    Big Will Well-Known Member

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    Development is an easy way to make money.
    We are at the peak of the market now
     
    Big Will, 21st Dec, 2016
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  6. Beano

    Beano Well-Known Member

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    This boom is different from the others!
     
    Beano, 21st Dec, 2016
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  7. sash

    sash Well-Known Member

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    Very true......development is hard work....the profits are not always that great....

    Some of the smartest guys are people who put a DA in and on sell the site with DA in place...they consistently make money..without taking any unnessary risks....
     
    sash, 21st Dec, 2016
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  8. MTR

    MTR Well-Known Member

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    LOL, of course, that reminds me of another one....

    We will never see a boom like this one again
     
    MTR, 21st Dec, 2016
    #8
  9. Perthguy

    Perthguy Well-Known Member

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    Pay down debt to improve serviceability (doesn't always work like that)
     
    Perthguy, 21st Dec, 2016
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  10. sash

    sash Well-Known Member

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    They are all pretty much the same...they go up...they go down ...side ways and then up again...
     
    sash, 21st Dec, 2016
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  11. Perthguy

    Perthguy Well-Known Member

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    We are at the bottom of the market (in Perth)

    One for @MTR

    Time in the market, not timing the market
     
    Perthguy, 21st Dec, 2016
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  12. sash

    sash Well-Known Member

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    That is so true..I truly believe that Perth is near bottom....it will then keep bouncing along there till oversupply is consumed...my take is late 2018...then it will get more interesting from there...but wind forward to 2023..people who buy no...will have no regrets then...
     
    sash, 21st Dec, 2016
    #12
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  13. Perthguy

    Perthguy Well-Known Member

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    I'm counting on it ;)
     
    Perthguy, 21st Dec, 2016
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  14. sash

    sash Well-Known Member

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    Yep...just be prepared to be told that you were lucky you bought in 2017 or any year up to say 2020....
     
    sash, 21st Dec, 2016
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  15. Perthguy

    Perthguy Well-Known Member

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    That's another property myth for anyone who makes money @MTR - they were lucky

    Luck: when preparation meets opportunity ;)

    I am doing the preparation now so that I can "get lucky" when the opportunities come along :cool:
     
    Perthguy, 21st Dec, 2016
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  16. fols

    fols Well-Known Member

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    Tenants in low socioeconomic areas are all problematic. They won't pay rent and will trash your place.
     
    fols, 21st Dec, 2016
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  17. fols

    fols Well-Known Member

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    Property Managers will make your life easier.
     
    fols, 21st Dec, 2016
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  18. fols

    fols Well-Known Member

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    Houses are always better than units
     
    fols, 21st Dec, 2016
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  19. fols

    fols Well-Known Member

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    Properties on main roads won't grow.
     
    fols, 21st Dec, 2016
    #19
  20. fols

    fols Well-Known Member

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    I like this game
     
    fols, 21st Dec, 2016
    #20
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