What the EU Thinks of the UK Economy (Cert 18)

treliac

dopester wrote: »

Throughout my time here, and all the discussions goneby, I've always considered you a fine example of a balanced, hard-working, creative, value-producing individual and business-person.

Very well said dopester - would like to echo your thoughts re. fc. :T

Generali

dopester wrote: »

Edited by Dopester.

Short-version. I believe any person who has AUS capital/money is best off putting spreading it between savings accounts savings paying 4% to 5% than in Sydney BTL, even with 8% yields, after the capital losses to come.

That applies to an investor who could buy outright (without debt) to buy a BTL, or one who would have to take on a mortgage at 3%,4%,5% to go BTL investing.

There is no under-supply. Capital values will fall, and rental values will fall just like in the UK.

I'm not sure what you base the undersupply argument on. There is a clear shortage of rental properties (houses) in Sydney.

As for the rest, I agree that house prices are likely to fall in Sydney, possibly substantially. As I said, don't invest in Sydney housing for capital growth as it ain't there. If you are looking for a good cashflow on the other hand then it is a good investment IMO right now.

Put it another way, what gross yield would convince you to invest in BTL as an asset sector?