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lispingduck

7,189 Posts.

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27/02/19

11:02

Post #: 37584149
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Originally posted by UniversalTrader: ↑

Lol can't speak for other states but the list for SA is a bit of a joke:
QUORN - pretty small town and from an investment point of view I wouldn't think it has much going for it even in the best of times.
ROXBY DOWNS, PORT AUGUSTA, WHYALLA JENKINS - These areas would be highly dependent on mining and other industries, so would be highly speculative and very dependent on their local economies.
FERRYDEN PARK - Zero growth or even slightly negative doesn't make it a bad investment.

"Property investors who have adopted a “buy and never sell” mentality could be costing themselves money as they “blindly” wait for the prices to rebound."
As for this comment well that is only true for those invested for the short term - buy and never sell over the long term in most cases you will always win. It may not be a huge windfall, but it is a low risk great way to build weath over decades.

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“only true for those invested for the short term”

I have never heard of a “buy and never sell” strategy applied to a short term investment..

Obviously the aim of the press article is to get exposure for their platform. Though it doesn’t do their platform much service by publisizing lists like that.
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