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
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B |
Open | High | Low | Value | Volume |
$19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4673 | $19.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.76 | 31740 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 19.730 |
1 | 1000 | 19.700 |
1 | 3000 | 19.680 |
2 | 1552 | 19.650 |
1 | 5000 | 19.630 |
Price($) | Vol. | No. |
---|---|---|
19.800 | 2133 | 2 |
19.830 | 750 | 2 |
19.850 | 150 | 1 |
19.870 | 2200 | 2 |
19.880 | 3834 | 3 |
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