Summary of the news I read here

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?

 

all these talk of pain....

 

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.

 

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.

 

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

 

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!

 

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.

 

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

 

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

 

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

 

Adelaide.. booming

 

Show me where, please...

 

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.

 

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.

 

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.

 

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

 

listen to succesful people who has done things.

dont listen to economists and spruikers.

 

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 .

Cliff

 

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.