Yes that's a real eye opener!
I guess there is a belief that property is very safe and hence no one flinches at investing $1.2m on a 4 bedroom home, 300sqm block in the sticks.
Then you have all the buying and selling costs associated with this investment and your already down $60,000 before you start factoring in potential gains.
Compare that to share at $9.5 per trade on the ASX...you're already up $60,000 compared to buying a property and can buy/sell easily anytime.
Not everyone can understand or appreciate the risks associated with shares i guess.
Having said that, always good to have a balanced mix of assets. I was looking around earlier for a property but the risk/reward just doesnt add up.
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Last
$17.43 |
Change
-0.060(0.34%) |
Mkt cap ! $53.66B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.84 | $17.21 | $174.0M | 9.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $17.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.46 | 25752 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |