Originally Posted by
Penfold
I have just sold my entire FI portfolio over the past fortnight and bought a house. Worked out quite well with the massive pressure on margin over the past couple of years squeezing up the capital values. Yields are so low now, it almost makes sense to put cash into our own home. Rents are creeping up and a few pressured sellers here in Wellington.
What has my life come too? Looks like weekends will now include a visit to Bunning's.
I was really struggling to find value out there the last year. These APN's are still ok. But for the risk I preferred a few lines of prefs. The Origins, Works, Rabo17s, MTFs and Quaysides. There are all still at relatively good margin. You just have to keep paying attention and be ready to sell.