Yes it seems so but the most concerning thing in that data is that Canberra is right up there with growth, which signals to me that demand from govt is growing in a time when they need to be cutting back. Higher taxes and disaster looms.
So all you arm chair property experts are wringing your hands in glee. Those dreaded negative gearing parasites are going to get their come upance I would hazard to guess that this expert group wouldn't own as many investment properties combined as the number (4) of fingers I have in one hand. So sheeple what is really disappointing is that this is suppose to be a site for " sophisticated investors". I don't see this same group on the share market thread carrying on about the margin lending mob and sheeple who used their equity in property to buy shares. I suspect that many of you "sophisticated investors" who know so much about property in the past have done your dough when buying with your heart instead of your head because you had no plan and therefore you planned by default to fail. I had one bright spark inform me that you can make money by loaning out your gold bullion but didn't respond when I asked him how much did he earn, was he talking about paper bullion. If its like the superfund industry and retail fund managers who shorted their members shares for about.01% of their net worth thanks but no thanks the Federal reserve doesn't need any help its doing enough to short gold. Kind Regards non recourse
Was that a smiley for all the misplaced doom and gloom House? Funny to look back at these serious (at the time) topics and see just how out of whack people were with reality. All that silver and gold they bought to to save them from the imminent threat of SHTF seems to now be nothing more than an anchor of lost opportunity and financial loss. If these folk had bought the EXACT thing they were saying NOT TO , they would be laughing all the way to the bank. At least we know who NOT TO TAKE financial tips from
So the same topic being discussed 4 years later.. I am.still on my cash flowing property and leverage even more deeper. I guess we will see whether PM will save us when shtf..
Well, the GFC was also predicted as early as 2005, but those who saw it coming grossly underestimated how much longer the bubble could drag on and in fact keep on growing before going bust. I'm staying out of RE for now... unless I find my absolute dream property that is.
In essence, that is what now informs my action. I know nothing. The future is not indicated by the past. I'm usually wrong and financial safety is perhaps more dangerous than I realise. Time to buy some PM, or restock the larder, to calm down I think. (it may have been the coffee).
