Short Term Trading Weekend Lounge :8 -10th Sept, page-126

  1. 23,919 Posts.
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    You are spot on @strauss

    Property doesn't interest me in the slightest. Fair enough it has had huge returns, but when is common sense going to prevail ?

    https://www.google.com.au/amp/m.huf...idiculous-sydney-house-prices-are_a_21903757/

    Prices in Sydney are up 70%+ in 5 years. There is 1 bedroom studios going for $550K ! If punters deny that is a bubble, then no helping them ...

    With stocks, you pay 0.3% commission, have the funds back in your account in 2 days and can move quickly to take advantage of trends (cobalt, gold etc).

    Or as @Malaga suggests buy a house in big city that's already at a grossly inflated value, hope interest rates don't rise and have to hold it for 30-40 years ... to sell it costs 2-2.5% commission and takes maybe 2-3 months to settle ...

    Even if it is your main residence and you get the CGT exemption, I'd rather hold a solid blue chip paying dividends, cop a 3-5 bag return over a few years and take the 50% CGT discount when I sell

    Stuff like BHP, NCM and FMG the last few years put property returns to shame. You only get torched if you sit in them for 30 years with the same property investing mindset ... they are far more liquid, have no ongoing costs or maintenance and pay far better dividends
 
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