As for gold dropping 40% in a year, that is what speculative investments (including property) are prone to do.
And yet property hasn't done that - but gold has. Gold also has ZERO yield, yet some fools still claim it is somehow an investment.
Jimbo
7 Aug 2014, 09:03 AM
Buying houses on large blocks is a great idea (10 years ago). I did this back in the 80's (by accident)
Maths fail?
Quote:
I looked into it in depth last year and there is little profit to be made with 2 new residential blocks of 400m2 costing about the same as the fibro on 900m2.
Is that right? Obviously you are doing it wrong
Quote:
I can't comment on property over east because I don't know the market
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
So you buy to rent. You don't care about the eventual selling price?
Of course I care but it was not the primary objective.
I live off of rent now - it is the milk. The eventual selling price increasing is the cream on top
Well if this is franks plan then why did he buy homes on a flood plain at depot hill, in a backwater welfare dependant town like rockhampton? I'm afraid frank is just a wannabe, he makes it up as he goes along and is so full of shit I can smell him all the way down here south of brisbane lol lol
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
And yet property hasn't done that - but gold has. Gold also has ZERO yield, yet some fools still claim it is somehow an investment.
Maths fail?
Is that right? Obviously you are doing it wrong
Say no more.
I made rather a lot of money from my Gold holdings. It out performed the Australian property market by a mile. Remember, I bought at $400 and sold at $1800. Over eight years it returned 450%.
I know how to subdivide property. I have worked in construction since I was a kid (residential,commercial and mining). Like I said, a few years ago it was viable in Perth but not at the moment.
I don't give a rats arse about the Sydney or Melbourne markets. Why would I?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
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