Hi all,
Not sure if anybody here remembers me but hello SS! Good to be back. I can see some familiar names about and the forum bantering is pretty much the same
Just some background story if anybody cares: bought IP3 in mount druitt 2 years ago, followed by a serious health crisis, wasn't able to work (luckily the IPs were still bringing in rent! certainly have learnt some important lessons about passive income), only just starting to get back into the game now, but a lot has happened in the past 2 years, am out of touch with the market!
During the past couple of years it looks like all the markets have been doing well - Heron Todd White says that almost all markets are rising (Sydney, brisbane etc)
Have I missed the boat in Sydney? We already have 2 IPs here so maybe diversifying to Brisbane is better. Then again... I can't trust my judgement / flawed logic re: not buying just because prices are rising. I remember not buying in Summer Hill in 2010 for the exact same reason (prices rose from $400k to $450k for a 2 bedroom unit - which are now worth about $550k+! Kicking myself now)
Anyway just hoping to bring the "time" element into discussion here - time in the market vs "timing the market". Obviously no-one wants to buy at the peak of the market....
Cheers!
Tess
Not sure if anybody here remembers me but hello SS! Good to be back. I can see some familiar names about and the forum bantering is pretty much the same
Just some background story if anybody cares: bought IP3 in mount druitt 2 years ago, followed by a serious health crisis, wasn't able to work (luckily the IPs were still bringing in rent! certainly have learnt some important lessons about passive income), only just starting to get back into the game now, but a lot has happened in the past 2 years, am out of touch with the market!
During the past couple of years it looks like all the markets have been doing well - Heron Todd White says that almost all markets are rising (Sydney, brisbane etc)
Have I missed the boat in Sydney? We already have 2 IPs here so maybe diversifying to Brisbane is better. Then again... I can't trust my judgement / flawed logic re: not buying just because prices are rising. I remember not buying in Summer Hill in 2010 for the exact same reason (prices rose from $400k to $450k for a 2 bedroom unit - which are now worth about $550k+! Kicking myself now)
Anyway just hoping to bring the "time" element into discussion here - time in the market vs "timing the market". Obviously no-one wants to buy at the peak of the market....
Cheers!
Tess