Hi everyone
Was wondering what sort of techniques people use to determine cycle,
For example I'm having a quick look at Cardiff in outer Newcastle
http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp&s=nsw&u=cardiff
Now in my opinion , this area has been plodding along per the typical economy without any major booms, or crashes
Eg, it's pretty obvious that say Gladstone etc, is either near its peak or at its peak,
But how would you tell with this suburb?
Although median prices aren't the perfect indicator, the above shows that there was basically Zero growth 05 to 07, 4% growth pa for 08 to 10, and then 1 yr of zero with 1 yr of 6%
I just don't want to buy at the peak or even half wAy
I see the fundamentals of the area as very sound, but I don't want to buy to see it fall by 5% pa for a few years.
I know nobody has a crystal ball, but I would like to know how smart investors see this
Thanks everyone
Was wondering what sort of techniques people use to determine cycle,
For example I'm having a quick look at Cardiff in outer Newcastle
http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp&s=nsw&u=cardiff
Now in my opinion , this area has been plodding along per the typical economy without any major booms, or crashes
Eg, it's pretty obvious that say Gladstone etc, is either near its peak or at its peak,
But how would you tell with this suburb?
Although median prices aren't the perfect indicator, the above shows that there was basically Zero growth 05 to 07, 4% growth pa for 08 to 10, and then 1 yr of zero with 1 yr of 6%
I just don't want to buy at the peak or even half wAy
I see the fundamentals of the area as very sound, but I don't want to buy to see it fall by 5% pa for a few years.
I know nobody has a crystal ball, but I would like to know how smart investors see this
Thanks everyone