www.smh has an article on how prices will be subdued (in sydney) for next 12 months
we are seeing rental demand increase
I would expect to see more blood in the real estate sector ...
I have said this before (2 years ago on this forum) that history has always proved that those with education and strategy have always out performed those sitting and holding.
why do the banks allow you to buy a house on over 100% finance ??, they are paying for the lot why not own it and then rent it to you ??
reason they know they can make more money on the interest rate and multiple relends then you will make in property (over the course of the loan - 25+ years)
so
should you buy the banks ??
...
time and place for every thing ... some banks off 10% ... they could be attractive for a medium term position ... here is my tip ... more record profits to be announced ....ps I don't own any banks at the moment ... but am watching trends and looking for a reversal or breakout to be confirmed.
consider waiting on that new harbour side mansion ...
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