Property Stocks

[troyvdh]

My instinctive response is bollocks, actually after further consideration that is also my considered opinion.
To be fair can those who have contributed to this discussion give some indication of their experience thus far in the residential mkt.

Mine ? 30 yrs in Chch.Average return (dunno really)but sure as hell in excess of 15-20 % per year....

[Lawso]

I don't think so, zac. Olly headed Landmark which specialised in CBD and some retail properties (incl. a shopping centre in Hamilton if I remember correctly). Landmark of course collapsed post-'87. In his personal capacity Olly has always favoured residential and continues to have a substantial portfolio in this sector.

[Onthemoney]

Hasn't Olly Newland recently written a book about the 'up and coming' property crash?

[Steve]

Yes he has and when getting tv coverage launching it, he made the comment that he has cashed up his residential portfolio and was waiting to get some bargins on re-entry after the crash.

[Onthemoney]

Crash we are still waiting.....[B)]

[zac]

Anyone considering investing in residential property needs to decide at the outset whether they are a speculator, developer, or investor. I have been all three at different times and have found that each approach requires a very different strategy. I have seen more than a few investors come a cropper because they believed they could be developers. As in all trading buying right is the key to success.

[Onthemoney]

'Developers' ask Matthew Ridge

[Steve]

quote:Originally posted by Onthemoney

'Developers' ask Matthew Ridge

True, but as Matthew said - he was led into being a developer through bad advice![xx(]

YEAH RIGHT!

[zac]

Ridge is a good example of a gung-ho investor/developer who believed everything he was told by agents flashing phony costings; gets other people to do all the work on charge up (GST excluded by everybody it seems), and finds that the bottom line at wash-up is a bright shade of red.

[Onthemoney]

Or greed