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$71.42 wesfarmers limited

I'm in my 50's and as a teenager I'd help the Milkman deliver...

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Hittman

2,771 Posts.

246

30/05/24

17:54

Post #: 74089269
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Originally posted by Geoff12345 ↑

Spider,
I'm in my early seventies and even I can't remember horses delivering milk. You must be pushing 80 or more.
One of the biggest expenses faced by the big retailers is the land they occupy. Whether they own it or rent it the
cost has been inflated out of all proportion in the last 30-40 years.
I keep icons on my screen referring to "Register of Members Interests" and "Register of Senators Interests".
I note that Albo has sold 1 house and 1 unit in the last year. When you consider it is Gov. policies that
help inflate RE prices then it could be that the top dog thinks the prices have gone too far.

Channel 9 had an article that showed buyers paid about 10% of the buying price of a property in fees in Qld.
inc. stamp duties, agents fees, lawyers, and various council fees depending on where you live. Thank goodness
I can trade shares for 0.4% brokerage (or less - if I was smart enough).
For years I have considered trading in RE is a mugs game. When prices rise 4% or less per year you are highly likely
to lose if "flipping" is what you do.

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I'm in my 50's and as a teenager I'd help the Milkman deliver Milk by Horse and Cart

WES Price at posting: $64.15 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $71.42		Change 0.495(0.70%)		Mkt cap ! $80.85B

Open	High	Low	Value	Volume
$71.33	$71.50	$71.17	$7.448M	104.4K

Buyers (Bids)

No.	Vol.	Price($)
9	359	$71.41

Sellers (Offers)

Price($)	Vol.	No.
$71.42	121	4

View Market Depth

No.	Vol.	Price($)
6	395	71.280
7	286	71.270
4	201	71.260
6	337	71.250
6	281	71.240

Price($)	Vol.	No.
71.300	106	3
71.310	174	4
71.320	210	3
71.330	218	4
71.340	282	4

Last trade - 10.54am 29/07/2024 (20 minute delay)

WES (ASX) Chart