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Summary of the news I read here

Discussion in 'Property Market Economics' started by New2prop, 12th Aug, 2016.

  1. New2prop

    New2prop Well-Known Member

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    Location:
    Sydney
    Government out of ideas cutting IR to stimulate growth
    Perth in pain
    Darwin is pain
    Queensland heading to pain
    Apartment glut in Melbourne, Brisbane
    Residential vacancy increasing, rents decreasing
    Ditto for Commercial prop
    Sydney unfazed
    ...
    ...
    How much longer do we have before Sydney feels the pain?

    What does market downturn look like?
    What will be the tipping point?
    How was it the last time around? When was it?
     
  2. Oshawott

    Oshawott Well-Known Member

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    [​IMG]

    all these talk of pain....
     
  3. sunnyskies

    sunnyskies Active Member

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    I have been investing for only 10 years but it has always been like this as long as I can remember , even when prices are skyrocketing there is fear and uncertainty. Its infectious for some reason for some people.
     
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  4. barnes

    barnes Well-Known Member

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    When you will be investing for 30 years or more you will understand that there are some people who saw it all. And when they say that the bust is around the corner it's a good idea to listen and be aware. They might be right this time. :)
     
  5. D.T.

    D.T. Adelaide Property Manager Business Member

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    They say it every month, so bound to be right sooner or later.
     
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  6. sunnyskies

    sunnyskies Active Member

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    Actually my family have been heavily invested in property for over 50 years both in Australia and abroad, my parents would be the most influential support I could have and am grateful for it. They are in fact the ones that keep encouraging me to buy more!

    I have read your posts and realise you are very anti property which is particularly unusal seeing as your posting in a property forum!
     
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  7. Perthguy

    Perthguy Well-Known Member

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    I listened at the right time, deleveraged at the right time and bought at the right time. Some good people giving good advice on this forum. :)
     
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  8. barnes

    barnes Well-Known Member

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    Nothing unusual. I WAS a property investor and yes - I am anti property now, since I have understood it's getting me nowhere.
     
  9. barnes

    barnes Well-Known Member

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    Good, that you understand that. A lot of people don't and get burned.
     
  10. Bran

    Bran Well-Known Member

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    I'm interested in your story, your alternative, and why - the above being said - you are here?
     
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  11. joel

    joel Well-Known Member

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    Adelaide.. booming ;)
     
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  12. barnes

    barnes Well-Known Member

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    Show me where, please...
     
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  13. barnes

    barnes Well-Known Member

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    There is nothing interesting. Property stopped giving me more than 15% yearly gains on my investments and I found something that can. Also I expect a property crash locally.
    Why I'm here - I still have an IP left, when I'll sell it I will leave the next day, sorry, the same day. :)
     
  14. New2prop

    New2prop Well-Known Member

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    We all have 2 voices-
    1 says- greed
    2 says- fear

    What we choose is very subjective.

    If I listen to #1 - It says, this time it's different. History doesn't repeat itself. When was the last time it happened? People make money in bad markets, there is a growing population, infrastructure is booming, IR is low, invest in houses not apartments.... Blah blah.

    If I listen to #2 - It screams logic or fear. It says, if there are bad news all around, Darwin, Qld, Melbourne, Perth...how long before the fire reaches your door. Is Sydney really that different from Melbourne?

    Just two of the many voices in my head right now. Others are just variations of these two.
     
  15. ms420

    ms420 Active Member

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    Do you think investors are irrational exuberant fools without an iota of self doubt and give a damn to market conditions? I think investors take measured risks considering market conditions and hope that fortune favours the brave.
     
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  16. See Change

    See Change Timing Lord Premium Member

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    Obviously you haven't been listening to the right people :)

    I talked about our purchases in Sydney when we were buying after the GFC through to 2011 . We've reaped the rewards since then .

    You've been saying it for a while . Keep on saying it every day and eventually you'll be right ... maybe ... one day .



    There's always reasons not to invest . There's lots of people around here who've found reasons to invest in Brisbane, adelaide , hobart and Melbourne in the last year or two . Melbourne's been moving for a while .

    The cycle goes Sydney ( Tick - IMHO at peak or close to ) ) then to Melbourne ( tick , getting towards peak ) ) then Brisbane Adelaide & Hobart . We've sold two in Sydney for nice gains and about to sell another . We have property in Brisbane Adelaide and Hobart . They've all moved up but not booming . Not sure when that boom will happen , but it'll happen in the near to medium term .

    Perth and Darwin ..... still going down but that's all part of the cycle . Some people who know perth well are talking about buying there but it's too early for me when there's other places closer to home that will move before .

    Cliff
     
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  17. barnes

    barnes Well-Known Member

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  18. Oshawott

    Oshawott Well-Known Member

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    listen to succesful people who has done things.

    dont listen to economists and spruikers.
     
  19. See Change

    See Change Timing Lord Premium Member

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    Barnes

    If you haven't been able to make property work in the last 6-7 years , maybe you DO need to listen to someone else ......Maybe your experience isn't enough . :rolleyes:

    Cliff
     
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  20. hammer

    hammer Well-Known Member

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    Probably worth remembering that property crashes provide pain and opportunity in equal amounts.

    The brains on here always have powder in the keg. Should things go bust they have cash to ride it out AND buy, buy ,buy!

    If youre leveraged to the hilt...that is when youre at your most vulnerable, both in servicing and opportunity cost.