I've seen many posts on capital gains etc and many on an impending bust, Which I beleive is on the cards as the RBA is keen to raise rates and when that happens all hell will break lose with the people that are mortgaged to the hilt and the positive geared crowd that quickly becomes negative.
So people when is it a good time to sell, I've made almost 200k on a ppor in 12 months. I think I might cash in my chips and take a profit.
Better a bird in the hand than 2 in the bush as they say.
PS I would much rather put 200k in my kick now than try and sell in a market which is overpriced and with rates on the rise which is not too far away, Say 6 months. That will push prices down.
My tip is for a tax cut at the next election followed quickly by an interst rate rise after all we never get anything for nothing.
What do you reckon trendsetters??????
So people when is it a good time to sell, I've made almost 200k on a ppor in 12 months. I think I might cash in my chips and take a profit.
Better a bird in the hand than 2 in the bush as they say.
PS I would much rather put 200k in my kick now than try and sell in a market which is overpriced and with rates on the rise which is not too far away, Say 6 months. That will push prices down.
My tip is for a tax cut at the next election followed quickly by an interst rate rise after all we never get anything for nothing.
What do you reckon trendsetters??????