Summary of the news I read here

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

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  1. Foxdan

    Foxdan Well-Known Member

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    @barnes - you've mentioned before that you invest in forex. Instead of shooting down property constantly, why not start a thread showing people how you invest now? I think it would be a great contribution to the forum.
     
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  2. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    Agents commissions. They are the first ones on ground to react to changes. They cut quickly to stay afloat and abreast of competition.
     
  3. See Change

    See Change Well-Known Member

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    Barnes

    Last depressed market ...

    Sydney - in weeks after GFC ( though probably anywhere in australia would have been depressed at that stage ......) . We bought two units in Mosman . Asking price 1.275 . Initial offer 800 , paid 900 .

    That was 10 % under median price . When we sold them end of last year and got 15 % over median price. Borrowed everything to do that . tack that on to the gains in sydney since then and we've done ok . There were lots of people predicting the bottom to fall and keep going

    Brisbane in 2013 was pretty flat and there were lots of people buying there from the forum.

    Perth and Darwin are ..... well are they depressed enough for you ?

    Sounds like something else outside property has reached it's limits , or beyond .

    Cliff
     
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  4. MTR

    MTR Well-Known Member

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    Definitely too broad, there are many investors who continue buying without any regard whatsoever for market conditions.

    Then you have those who have only experienced one boom cycle

    Many also believe property investors always make money not true, there are many investors who lose money, some investors then rationalise by calling it a paper loss, its only a real loss when they sell.

    Is it all bad, course not? there is money to be made but lets not shoot the messager, property booms do not last forever, after boom comes bust. I am not even sure why everyone is so defensive, he has some points worth considering.

    @barnes
    as OP mentioned would really love a thread on shares and your journey.
     
    Last edited: 14th Aug, 2016
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  5. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    Second that ... @barnes would really appreciate some information on forex trading...
     
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  6. MTR

    MTR Well-Known Member

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    boom cycle
    2001-2006/7

    Bust cycle
    2007-2012

    Boom cycle
    2013-2014

    Bust cycle
    2014- to date and falling
     
  7. OscarBravo

    OscarBravo Well-Known Member

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    Such a great post. Not a bad idea to sacrifice a few percent of gains to be the strong money in a downturn!
     
  8. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    It did start in 2001, where I was invested at the time picked up steam late 02 early 03. Sold 6 months to early in late 06. Still trippled my money but would have been quadruplle.
     
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  9. Perthguy

    Perthguy Well-Known Member

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    The only way I know is to be going to home opens. At the peak of the market in Perth, I went to a home open with around 150 people. It was scary! Now I go to a home open and there are zero people there.
     
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  10. Perthguy

    Perthguy Well-Known Member

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    I agree in general except the Boom cycle in 2013-2014 was only certain areas. For example, draw a line from Morley to Thornlie and those suburbs were part of the boom. Some of the western suburbs went backward or sideways.
     
  11. MTR

    MTR Well-Known Member

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    The boom cycle during this period started with property sub $500K, FHB were driving this market and developers buying/building and also selling off stock from last crash.

    Markets in blue chip over $1M+ have in the main not recovered from the crash of 2007
     
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  12. Cactus

    Cactus Well-Known Member

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    Put it up for auction here with those terms, I think you'll be pleasently surprised how quickly it will sell. ;)