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  1. Monopoly

    Ol' timers words of wisdom

    Although I can't stress the importance of timing enough, I also think that you need to be realistic; inflated expectations can hurt almost as much (if not more than) inflated prices. If you couldn't get the price you wanted (which unfortunately as we all know, happens) you may have been better...
  2. Monopoly

    Ol' timers words of wisdom

    Agreed, buying and selling in the same market should be predominantly for PPORs however it can be done with investment properties, ie. sell one large for two smaller ones. Like most investors who have witnessed the boom-bust patterns of property cycles, I'd probably "cash out" when things are...
  3. Monopoly

    Ol' timers words of wisdom

    Although I believe prices will drop back a little as part of a "correction" as happens in any cycle, the fundamental values of saving can never be underestimated, and should be a part of everyone's long term investment strategy, especially the young/those starting out. :)
  4. Monopoly

    Ol' timers words of wisdom

    Fundamentally that makes $$$ sense, however if you're looking to buy and sell in the same market it doesn't matter when and/or what other people are doing, that is...."what you loose on the swing, you gain on the round-about".
  5. Monopoly

    Ol' timers words of wisdom

    Okay ol' (SS) timers :o now's your time to shine!!! ;) :D In a heated property market (particular for Melbournians) what advice can you offer to the newbies who may be feeling that their ship has sailed, and the chances for buying into the market is now nothing more than a distant memory...
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