Hmmm... best timing for a property investment was about 5 years ago.
Two years ago if you one was cashing up out of equities.
Today Sunday Mail (Adelaide) quotes one city real estate agent with nearly 9000 buyers listed and only 291 properties .... that is the problemo here.
The Reserve Bank could move to increase rates and bust the bubble ... it could happen.
Why would you buy at the top of a cycle ... there might be a little cream left but it will be first hit when the downturn comes.
IMHO Equities haven't bottomed yet and will be down thru 2003.
Specialists who favour such as Gold or Derivatives will do better ...
We have just sold a rural property at a 350% increase over that paid.
Cheers ...
This is only my view ... read the red stuff.
Hmmm... best timing for a property investment was about 5 years...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)