Where are the millionaires buying now?

Discussion in 'Property Market Economics' started by Marcus Yuuu, 8th Jul, 2018.

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  1. Marcus Yuuu

    Marcus Yuuu Well-Known Member

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  2. spoon

    spoon Well-Known Member

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    10-year growth in wealth market - No. 3 Ethiopia! Hmmm... Maybe I need to re-jit my strategy :D

    Do you know where wealthy Ethiopians like to invest/buy?
     
  3. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    I've been to a few Pacific Islands over the last few years. Australia isn't the only place being bought by Chinese investors.
     
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  4. KinG3o0o

    KinG3o0o Well-Known Member

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    wait till u got to usa and europe.. australian spending is nothing.
     
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  5. ttn

    ttn Well-Known Member

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    There's a price for everything ;)
     
  6. Marcus Yuuu

    Marcus Yuuu Well-Known Member

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    Yes but we / they are more price / value sensitive than aussies... dont like falling markets!
     
  7. KinG3o0o

    KinG3o0o Well-Known Member

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    no one likes falling market..

    people who go long hold in failling markets.

    people who panics sell

    only shorters like failling market.
     
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  8. MikeyBallarat

    MikeyBallarat Well-Known Member

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    And the media.
     
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  9. FernTree

    FernTree Member

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    I have just come back from spending some time in South East Asia.
    So much foreign money being invested in Bangkok & Kuala Lumper. Pretty much every Mall, Airport & Train Station has OTP apartment scale models & all the literature only comes in Mandarin.
    I counted 39 construction cranes just from my hotel window in KL last Friday & the apartment blocks they are building make the largest ones in Sydney look tiny.
     
  10. KinG3o0o

    KinG3o0o Well-Known Member

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    i've been saying that here for awhile now...if u have time.. jakarta and manila.. very very progressive too..almost 600m people live in this region..if 10% of it have money its 3x the total population of australia..


    but protection game is very strong.. hard for foreigner to buy meaty stuff.
     
    Last edited: 19th Jul, 2018
  11. LVR

    LVR Well-Known Member

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    how can you short sell property in a falling market?
     
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  12. hobartchic

    hobartchic Well-Known Member

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    Sell early before panic sets in (not really short selling technically).
     
  13. Sackie

    Sackie Well-Known Member Premium Member

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    I like 'falling markets'. Especially when I've not bought in that market yet and/or I bought at great prices so some retraction is no biggie and it allows me another stab at accumulating some killer deals .

    Currently there are some good deals in Eastern Suburbs of Sydney . I'm just waiting a little longer for the deals to be fantastic for this certain stock im following before I buy in.
     
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  14. KinG3o0o

    KinG3o0o Well-Known Member

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    thats a different scenario.

    as someone waiting to enter the market, falling market will favour you, especially if u are planning to go long and know the 'intrinsic" value.
     
  15. KinG3o0o

    KinG3o0o Well-Known Member

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    short reits or any other property heavy companies.
     
  16. Illusivedreams

    Illusivedreams Well-Known Member

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    What about FHOB?

    Would they not also favor non preforming / falling market?

    IF they have a solid 20%+ deposit.

    Im hoping for a bargain next year in VIC im taking a breather this year,
     
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  17. MTR

    MTR Material Girl Premium Member

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    USA
     
  18. Marcus Yuuu

    Marcus Yuuu Well-Known Member

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    USA very good country, I had fun time there
     
  19. Marcus Yuuu

    Marcus Yuuu Well-Known Member

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    Yes I think if you have deposit, and can wait- very good to wait in this Sydney market
     
  20. MWI

    MWI Well-Known Member

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    One from Hong Kong just bought OTP in St Leonards......