Gold and Silver or Property?

Ilikemetals said:
Just mulling the idea of purchasing into agricultural land should the ratios swing favourably towards PMs. If any other young lads (or old too) wanna consider going in a share post transition, hit me up.
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Any chance you could put up a separate post on your ideas, intent etc? Nothing too specific if you don't want to but I'm fairly certain I would not be the only person interested.

My brother is a farm manager so have been thinking about how to do something together for a while now.
 
I cant think of anything that could make me get a loan for property in Australia currently.

Although I dislike property spruikers, I do see the attraction of property ownership (not mortgagee-ship, yes I just invented a word).

You will find that families with strong inter generational wealth HOLD property that they own outright. They dont TRADE property, they arent investors. They are collectors of land, bricks and mortar.

The great 'Australian Dream' of owning your 1/4 acre low set brick home is in the suburbs is just a big trick to get you on the debt merry-go-round for decades to come.
 
grinners said:
auspm said:
SS has a very strong pro-property clique here nowadays.
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It is a nice balance to the $400-silver-by-christmas-crew in my opinion.
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+1
I want to see all the opinions out there. I want to see what the pro-property crowd have got to say just in case they have a good argument or something I have missed. Haven't seen anything yet..
 
^ I think you have a fairly good philosophy there.

azadani said:
If it goes so bad that people can afford modest rents, we'll have lots more to worry about, like marauding hungry hoards in every street and freshly unrestrained police and military doing whatever they like.
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Have you considered the possibility of increased competition between landlords driving rents lower?

If people can't afford the rents, they move in with parents, share houses, move to the outer suburbs, etc? It doesn't take much movement at the margin of the number of renters to move rents (up or down). We've witnessed the up movement over the last decade, surely it is a possibility that there might be a downward movement? (not certainty, just possibility).

I guess there's a difference in these topics - most property topics seem to discuss capital gains, how much it costs to own with debt, negative gearing, etc - rather than owning property outright for an income.
 
mmm....shiney! said:
Dogmatix said:
mmm....shiney! said:
I think along the lines of ounces of Au (as that is my main exposure) to house prices. It's ratio browski, like the Dow/gold, gold/silver etc. You buy and hold until the ratio swings in favour of the next asset you wish to purchase. I'm not sure what thye house price/gold or silver ratio is but you could figure it out for youreself and no doubt it would be possible to do a historical search to determine whic asset is valued or undervalued when compared to the other. I'm working on slightly outdated figures of 240oz of gold buys an average house. Am looking at swapping when it gets to the 100oz mark.
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Shiney - your figures do seem outdated. I think it is closer to 340oz instead of 240oz.

In the cities/suburbs anyway, but not in a flood zone.
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Thanks doggie, I'm working on average qld regional figures because that is the market I'm most comfortable with. Lowset, brick, 4 bed/ensuite, east coast. It's probably closer to 250. :)

Flood zones? Didn't Bligh sort all that out?
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I sell off the plan apartments in Sydney for a living and the current ratio for the average priced one bedroom apartment that I sell is 280oz gold:52m2 one bedroom apt.

People are buying hand over fist at the moment, it is absolutely crazy!

I have a mobile coffee cart coming to my sales display suite tomorrow to serve coffee to people who are waiting to see me to buy an apartment,

I expect to personally transact about $5million in deals this weekend alone.

The thing is, the developers are claiming it is hard to sell for any less if they had to...I guess due to land acquisition costs.

Admittedly there is one development I have which I am tempted to buy into but my wife says otherwise!
 
I own all 3.....

Move to Tassie.

Clean water & decent land.

Just bring your ugh boots & flannel shirts.

Tassie has an ageing population & if you are into the service industry for this demographic, come on down.

There is no toll on any highway & peak hour lasts 15 mins....

Just be. Prepared to burn a barrow of firewood for every night for 4 months.
 
boneyard said:
I own all 3.....

Move to Tassie.

Clean water & decent land.

Just bring your ugh boots & flannel shirts.

Tassie has an ageing population & if you are into the service industry for this demographic, come on down.

There is no toll on any highway & peak hour lasts 15 mins....

Just be. Prepared to burn a barrow of firewood for every night for 4 months.
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What is the most upmarket area of Tasmania to live that has a cosmopolitan lifestyle?
 
Rothbard said:
mmm....shiney! said:
Dogmatix said:
Shiney - your figures do seem outdated. I think it is closer to 340oz instead of 240oz.

In the cities/suburbs anyway, but not in a flood zone.
Click to expand...

Thanks doggie, I'm working on average qld regional figures because that is the market I'm most comfortable with. Lowset, brick, 4 bed/ensuite, east coast. It's probably closer to 250. :)

Flood zones? Didn't Bligh sort all that out?
Click to expand...

I sell off the plan apartments in Sydney for a living and the current ratio for the average priced one bedroom apartment that I sell is 280oz gold:52m2 one bedroom apt.

People are buying hand over fist at the moment, it is absolutely crazy!

I have a mobile coffee cart coming to my sales display suite tomorrow to serve coffee to people who are waiting to see me to buy an apartment,

I expect to personally transact about $5million in deals this weekend alone.

The thing is, the developers are claiming it is hard to sell for any less if they had to...I guess due to land acquisition costs.

Admittedly there is one development I have which I am tempted to buy into but my wife says otherwise!
Click to expand...

Out of interest are most enquiries/purchases coming from Asian/Chinese investors?
 
Rothbard said:
mmm....shiney! said:
Dogmatix said:
Shiney - your figures do seem outdated. I think it is closer to 340oz instead of 240oz.

In the cities/suburbs anyway, but not in a flood zone.
Click to expand...

Thanks doggie, I'm working on average qld regional figures because that is the market I'm most comfortable with. Lowset, brick, 4 bed/ensuite, east coast. It's probably closer to 250. :)

Flood zones? Didn't Bligh sort all that out?
Click to expand...

I sell off the plan apartments in Sydney for a living and the current ratio for the average priced one bedroom apartment that I sell is 280oz gold:52m2 one bedroom apt.

People are buying hand over fist at the moment, it is absolutely crazy!

I have a mobile coffee cart coming to my sales display suite tomorrow to serve coffee to people who are waiting to see me to buy an apartment,

I expect to personally transact about $5million in deals this weekend alone.

The thing is, the developers are claiming it is hard to sell for any less if they had to...I guess due to land acquisition costs.

Admittedly there is one development I have which I am tempted to buy into but my wife says otherwise!
Click to expand...
What happened to the whitsundays ?
 
renovator said:
Rothbard said:
mmm....shiney! said:
Thanks doggie, I'm working on average qld regional figures because that is the market I'm most comfortable with. Lowset, brick, 4 bed/ensuite, east coast. It's probably closer to 250. :)

Flood zones? Didn't Bligh sort all that out?
Click to expand...

I sell off the plan apartments in Sydney for a living and the current ratio for the average priced one bedroom apartment that I sell is 280oz gold:52m2 one bedroom apt.

People are buying hand over fist at the moment, it is absolutely crazy!

I have a mobile coffee cart coming to my sales display suite tomorrow to serve coffee to people who are waiting to see me to buy an apartment,

I expect to personally transact about $5million in deals this weekend alone.

The thing is, the developers are claiming it is hard to sell for any less if they had to...I guess due to land acquisition costs.

Admittedly there is one development I have which I am tempted to buy into but my wife says otherwise!
Click to expand...
What happened to the whitsundays ?
Click to expand...

Baby happened!
 
There are quite a few posts over the last time or so from SS members about wanting to buy Farms.

IMO it is a good option if you carry little or no debt.

SMSF IMO will start to seriously access this asset class over the next year or so as more research it.
 
browski said:
In the increasingly likely event that world currencies are becoming worthless, I'm wondering if members might give some thought to better stores of wealth.

Although PMs are the obvious wealth preserver of last resort, in the event of a currency crisis, does anybody believe that Property would be equally resilient?

Is property owned outright a good store of wealth and are properties with significant mortgages (and exposure to high interest rates) hazardous? Or are they both suspect?

Any thoughts out there?
Apologies if I've post in the wrong section.
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Unfortunately property CANNOT be owned outright here in Australia. The government always owns it in the end, and can tax you out of it anytime they wish.
Think also of the willy nilly restrictions which they can place on property - you have to ask permission even to paint the outside of your home in some places!

so no ... property is simply a way for the government to own you!
 
auspm said:
Considering the number of pro-property investors on SS, I think it's fairly obvious what the responses here will be.

Give it another 2 years and the forum will have to be renamed Property Stackers.

SS has a very strong pro-property clique here nowadays.
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and it's especially puzzling given what a turd of an investment property currently is :lol:
 
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