Looks like i finally got one in Sydney so might be in Brisvegas earlier than expected!!
Can I be so bold as to ask where and what did you buy?
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Looks like i finally got one in Sydney so might be in Brisvegas earlier than expected!!
Looks like i finally got one in Sydney so might be in Brisvegas earlier than expected!!
There's a snippet in this month's API on property clocks - would this be similar to the idea behind hotspotting/timing the market?
Basically the author thought that Syd/Melb were at 2 o'clock on the property clock (rising market), Brisbane was at 12 o'clock (about to start a rising market following flow-on effect from Syd/Melb), and Adelaide lagged behind at 10 o'clock.
I think that's what the times were, (I was reading API very late last night, sorry if I misquoted the author).
Generally, with a property clock, the top of the market is at 12 o'clock and the bottom at six. here is an example of an article that talks about it.
http://www.perthnow.com.au/business/australia-leads-property-recovery/story-e6frg2ru-1225854129577
Sorry to hear that the Cammeray place fell through!
Interested to hear other people's thoughts, especially investors on their own cities.
Cheers
Bigtone
In Townsville it is midnight (in Antarctica) Hasn't moved for a few years.
Sorry to hear about your deal falling through Bigtone.
How much did they initially accept for it? Also are you only looking at the north shore for your Sydney purchase?
You may have gathered that I don't watch prop prices closely. (Understatement?)Yes think your right there, any distant prospects of growth?
I have one there which went straight up for 12 months, but has not moved at all since based on valuations.
cheers
BTU
Thanks Tess,
So API are using a different clock then? You can't be at 2pm on a clock that only goes between 6 -12. Anyway people's thoughts on this would be interesting especially cities like Perth and Darwin, Hobart etc.
I will only rank the cities that I am researching at the moment.
Melb 10.30pm
Sydney 8.45pm
Bri 7.45pm
Perth 6.30pm
Interested to hear other people's thoughts, especially investors on their own cities.
Cheers
Bigtone
So Tone what do 12 o'clock and 6 o'clock mean ?
Actually the real investment clock as I remember is more like seasons.