Zel is my little puppy for the energy sector Malaga . Retailers...

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valen1828

17,210 Posts.

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25/09/20

19:17

Post #: 47639426
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Originally posted by Malaga ↑

Purely my opinion. NEVER BET AGAINST THE GOVERNMENT. I know this is share related but the case for property and stimulus.
Prior to Covid Every Government in Australia was intent on bringing home a budget surplus. So big spending was out scrimp and save gotta get the budget in black. So basically the country was just ambling along. So Covid, lockdowns end of the f-- world. Every Government in the world is now throwing money out there to stave of a depression. Covid has actually been a god send for Western Australia. Property in WA has been in downturn for 4 years and unemployment has been stagnant.
Not any more Iron Ore royalties booming, Gold booming, Infastructure spend here and in China has put a rocket under resources.
Every State Government wants property prices to rise, when prices rise they collect stamp duties. When property prices rise people feel rich and spend, buy a new car, go on holidays ? even spend on shares. Property around the country will not all go up, in fact the market will probably be all over the place. Melbourne and Sydney look cooked but you never know. Perth and Brisbane , South Queensland are tipped to rise. Covid has also had an impact on the type and location of what properties people want. Inner city Brunswick 2 bed unit might be great when you can go out but more like hell when locked down.
The last great barrier for property was the restrictions put on banks as part of GFC and Royal commission. NOT ANYMORE. Josh wants you to spend buy, create jobs and borrow.
Remember Steve Keen bet against the Government and walked the walk. The property bears will lose again and the share market is being pumped world wide, every time it falls, a virus cure is announced or a new stimulus is announced. Where will it end, who knows but in the next few years inflation may rear it's head again. Interesting times. The shares I like are resources and energy.

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Zel is my little puppy for the energy sector Malaga . Retailers wholesaler duel listed asx nz markets . May take a little time but reckon the bottoms in on it now .

Bigger type fish but time to wait for it to grow .
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