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
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B |
Open | High | Low | Value | Volume |
$21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 93 | $21.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.41 | 12657 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 93 | 21.400 |
2 | 3150 | 21.350 |
1 | 200 | 21.330 |
2 | 1046 | 21.320 |
1 | 1000 | 21.310 |
Price($) | Vol. | No. |
---|---|---|
21.420 | 1200 | 1 |
21.450 | 1500 | 1 |
21.510 | 2020 | 1 |
21.520 | 951 | 1 |
21.530 | 1500 | 1 |
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