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  1. 1

    Is Market Sentiment Changing

    Very funny, you think people would make significant financial decisions based on a strangers opinion or mis-quoted "date" on a web-forum? PRICES ARE FALLING - no I really don't think anyone has gone off and sold up because I wrote that. If you would like to talk about soft markets...
  2. 1

    Canberra Rental Market - Is it Trending Down

    This might be a rude question, but how many do you have? I hope I haven't offended with my bearish concerns about our little place there. The way it's going, I might be sitting tight too. Not so sure I'd be keen to average down in Canberra with another.
  3. 1

    Canberra Rental Market - Is it Trending Down

    You gotta know when to hold 'em, Know when to fold 'em, Know when to flog it... for the best offer on open day.
  4. 1

    Canberra Rental Market - Is it Trending Down

    Well our place in Canberra hasn't sold yet, hopefully the "confidence boost" is greater than the immediate impact of retrenched public servants flocking to the exits - I would really prefer not to be going through another correction cycle...
  5. 1

    No interest! Would you hold, sell VF???

    Shame there isn't any other way to lock in the gains - anyone want to write a put option for me to buy? Strike price 10% below current bank valuation, one or two years to expiry? If I get a reasonable offer before the election I'll be grabbing it. Although the "uncertainty" is a problem at...
  6. 1

    No interest! Would you hold, sell VF???

    My best guess is that the surge of new apartment stock will do the opposite of what the bushfires did... Does anyone have any figures on how many units are going to be coming onto the market over the next few years?
  7. 1

    No interest! Would you hold, sell VF???

    We've just put our place on the market in Canberra actually. We've been particularly lucky with our "time in the market" and are looking to lock in the capital gains. A lot of discussion in this thread about rentals in Canberra: http://somersoft.com/forums/showthread.php?t=89833
  8. 1

    Canberra Rental Market - Is it Trending Down

    Bloody comedians - the lot of them!
  9. 1

    Sellers Walking Away From Hot Market = More Upward Price Pressure

    Sorry, you're saying the local area is improving, but the price has gone down (thus bargains around), and because of this, therefore it will surely rocket up? I've got to say, there are lots of titles in this world, so specifically choosing to be a bottom-picker is questionable at best. I've...
  10. 1

    Is now a bad time to buy?

    Yep, sounds more like your paper gains are because you got a couple of good deals, not because the value has increased. I take it they're both commercial properties?
  11. 1

    Is now a bad time to buy?

    So you've sold them both already? Or has your valuation gone up by $1m each?
  12. 1

    Is now a bad time to buy?

    So you feel there is never (ever) going to be another market that would be better to have exposure to? Obviously the last thirty years has been brilliant to maintain a consistent and expanding long exposure to Australian property, but surely we have someone here that has an analytical strategy...
  13. 1

    Canberra Rental Market - Is it Trending Down

    Just wanted to ask again, anyone else been asked for a rent reduction in Canberra? Apparently the going cut to get another lease signed is about 5%!
  14. 1

    Is now a bad time to buy?

    Is there ever a bad time to buy?
  15. 1

    Canberra Rental Market - Is it Trending Down

    If I can take you out of context... ... You mean unscrupulous b*st@rds that are trying to find every possible way to get a dollar out of you? Yes, they do exist in all markets. If this mob believes, as on their clock, that shares are about to "rise" and commodities are about to "rise", why do...
  16. 1

    Canberra Rental Market - Is it Trending Down

    It is (or will very soon be) on the market. Not many good places to put your chips at the moment, so paying down debt will be on the top of the agenda. I laughed a bit at the advertising of this mob today: http://iloverealestate.tv/training/ I'm particularly bemused at the "simplicity" of...
  17. 1

    Canberra Rental Market - Is it Trending Down

    The agent got back to me today, the appraisal came in where we expected it to. The PM reckoned the other day that we won't be able to ratchet up the rent this year - she's even had a few cheeky ones ask for a rent decrease! Anyone been asked for rent reductions in Canberra? Might just be...
  18. 1

    Canberra Rental Market - Is it Trending Down

    Yeah, the place hasn't been seeing much growth of late, I guess probably won't over the next few years either. 2020's could be interesting, but it will depend on whether the Government of the day has a centralised view of the bureacracy. With the NBN we'll all be able to live in Coober Pedy...
  19. 1

    Canberra Rental Market - Is it Trending Down

    I guess they are only public servants - they might not consider or understand old talk about catching falling swords and such. I guess for your bread and butter you'd be hoping that it doesn't pan out too bad. Probably be more refinancing and turnover if prices were going either way rather...
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