Boom or Bust Poll

[always_learning]

I hope you have all read the boom and bust articles in the newspapers / magazines / TV / Web etc. etc.

Think about what you think will most likely happen over next 3 years.

"On the 02-Jun-2006, the Average 3 Bedroom, freestanding house, in an average suburbs in Australian cities with a population of over 1 Million will be xx% of 02-Jun-2003 price"

If you want to quibble about inflationary effects then include CPI prices into your estimate ie. if you guess CPI will be 3%pa then you would need to include 9.1% of "natural" growth

(Yes I know there is a pandora's box of market segments in market segments, cycles for different cities etc. etc.)

The real question for investors is "How ready are you for any of these alternatives, how can I make any of these alternatives work in my advantage"

 

[Mondie]

So then, who's handy with a crysal ball?

(BTW l reckon up 10% based on interest rate policy and seat of the pants feel)

 

[INVESTRON]

in my area the average increase over the past 25 years has been 6 %/year.

that does not mean it will go up by 6% every year, - some more, some less.

 

[see_change]

Even the Best people at technical analysis in shares don't try to predict the future . They work on the current senario and the probabliities of what the market is going to do at that stage.

I think that the property market is more predictable, and you can look at previous figures and guestimate what price changes will happen in a particular area in a current cycle , but where it will be in three years time is purely a guess.

see change

 

[always_learning]

Wow, people are much more bullish than I guessed reading all the doom and gloom!

By buying a little smarter, adding some value etc. I guess the above average investor could add another 20% at least to the average gains.