Where to buy... NOT Sydney

We had a Royal Commission.
Increased APRA conditions. You knew about both 2/3 years ago?

I have add 3 properties since 2015 .

By the time some members here buy good investors will move further ahead while you are still posting statistics.

 

My Best Buy and sells in the last three years doubled in price. My worst went up 40%. My total wealth as valued six monthly by Mac Bank went up 55% in three years and three months. So it’s better to sell 10% off the top than on the way up when you can’t possibly know where the top is.

 

What are you buying right now in Sydney Melbourne? Lay out your cards so the experienced investors here can analyse if it was a good purchase at this point in the cycle.

All I hear is talk.

 

I’m shocked but was expecting it having experienced it in Perth also. I thought Melbourne would be flat this year but it’s tanking hardest in Aus. I wasn’t expecting it to deteriorate so quickly. I thought maybe 2019/2020 after Sydney sunk.

But there was a few investors here last year saying my experience in Perth made me jaded and that Sydney would be solid this year.

 

Friends and I bought pre boom and cleaned up.

Now we're getting very excited with certain stock types in certain markets in Sydney. Opportunities starting to show and alot more over the next 24 months . I will be buying more RE in Sydney over the next 18-36 months. Add value stock and hold . Meets my strategy and risk profile.


Very, very excited re Sydney opportunities.

 

I don't need you or other investors to approve my decisions.
Or articles or statistics published in the Tabloids.

Reading your post over the last 12 months or so this is your approach but not mine.

You may be right let's see in 30 years.

In my opinion successful* members here listen observe than progress with their plan. They don't do endless analysis.

 

100%.
I have over 20,000 clients. Mums and dads will spend days going over the tiniest detail usually until a great deal is gone. Great investors can do the math in their head and buy immediately.

 

Yes and marcusyuu came after the sydney downturn began... great prediction

 

K den. I was just agreeing with what @sash said, that a lot of opinions here have a hidden agenda. Can’t trust nobody.

 

Sounds like you’re expecting a pretty deep downturn.

 

I'm expecting certain markets to over correct where long term demand really sits. I'll be attacking those markets and certain stock . Exactly the same principle as Warren Buffett. He buys good companies at good prices and holds. I'm looking to buy into good stock at good prices and hold. Only additional trick I have is to be able to also add value .

 

Yep....lots of vested interests and opinions which seem to sway with the wind.

And to think only 12 months ago that people were crowing about how Sydney never goes down it only flatlines and even if that happens rents would be okay. We know what happened.

 

EVERYTHING IS FINE !!!!!!!

 

Yes 100% and when you know members better you will understand .

Why some are negative on say Sydney some positive.

 

Then there’s this: Australia’s housing boom is not heading for a soft landing. How did we get here? | Greg Jericho

@Perthguy you’d find this interesting as you posted an article by the same author last month where he said “no one needs to worry about a crash”. Now he’s flipped and saying we’re heading for a hard landing.

 

That is interesting. The article doesn't really support the conclusion IMO. The write up seems fairly accurate except where he blames Donald Trump? The conclusion at the start of the article doesn't seem to match the body of the article or the conclusion at the end of the article. It's almost like he wrote it then tacked a headline grabber at the start?

 

That's interesting - any other names you can add to the list ? I was pretty sure who MarcusYuu was - but thought it was just a one off. I assume they are all from a regular poster looking for to amuse themselve.

 

For all the negatives we are hearing it really isn’t that bad. Out of those properties you bought in the last 3 years anything you bought before 2017 is very likely to still be up in value and possibly by a significant amount. A temporary PPOR turned investment purchase of mine early 2017 has definitely dropped in value and my current PPOR has dropped about 200k from peak but the gains from previous years far outweigh the losses. Out of interest are you still buying in Sydney now?

 

Gold. Avoid this advice at your own detriment.

 

They don't pay me enough. ...actually....nothing...