Old articles on real estate

[Peter Parker]

Some interesting old articles on real estate investing - from 70 or more years ago:

Renovating: http://trove.nla.gov.au/ndp/del/article/36802044?searchTerm=real estate investment&searchLimits=

Investing by the sea (1924): http://trove.nla.gov.au/ndp/del/article/57894937?searchTerm=real estate investment&searchLimits=

Real estate for investment or speculation (1924): http://trove.nla.gov.au/ndp/del/article/31234180?searchTerm=real estate investment&searchLimits=

Real estate will always pay (1929): http://trove.nla.gov.au/ndp/del/article/59853192?searchTerm=real estate investment&searchLimits=

Moving from stocks to real estate (1938): http://trove.nla.gov.au/ndp/del/article/11164828?searchTerm=real estate investment&searchLimits=

Investing in villa flats: (1940): http://trove.nla.gov.au/ndp/del/article/11317055?searchTerm=real estate investment&searchLimits=

There might not be as many specialist magazines as now but newspapers back then had better articles.

 

[one world]

Some valuable links here Spiderman. Thank you.

In 1890, the average Sydney home price cost $1,446 (£723). If property really does double every seven years then, in 2009, the average Sydney home would have been worth a staggering $189,530,112.00.

See what I mean?

Yes cheap property is a good investment. But its never makes good sense to pay too much for property or to listen to the advice of self-interested salesmen.

The good news: large Australian cities will soon enjoy a modest property boom thanks to lower interest rates. We are seeing that happening in Perth and it will soon spread to other big cities.

But lets keep it real folks. The sustainable profits will be confined to the lowest quintile of property, especially those older houses on dual occ or larger blocks. Everything else is less likely to outperform inflation over the next decade.

In a nutshell: 1. Buy cheap. Never overpay. 2. Don't buy newish stuff. 3. Be wary of commissioned agents.

Disclaimer: I've in my 60s and have been investing for almost 45 years. I am not a salesman and have no interests to declare.