Well put acer.... I look at buying on a periodic basis and in view of the cost to get into an ip, the stamp duty, rates - water and shire, potential returns - less agents monthly cost , the downside risk ( and lets not cloud this with the catastrophic scenario), conveyancing costs and maintenance I see very little compelling reasons to re - enter at this stage. Like all cycles the time will come again but the return on equity on buying afresh at this stage just does not stack up for the poor liquidity offered and the cost to sell should the need arise. If you are happy to hold for the long term maybe yes but many shares, despite their fluctuations offer easier and stress free dividend returns that are very attractive - talking about defensive stock here.
Still a bull in bearish covering and will bide my time.
