It’s Melbourne Cup time, but here’s a race of great significance to our readers that’s already underway – this year’s Housing Market Cup.
Here’s my call of the big race.
And they’re off!
Oh no! Baby Boomer has jumped the fence, taking his rider Superannuation Payout with him. They’ve retired from this year’s race altogether.
Flipping and Trading is doing nothing in the early stages of the race and his jockey, Unit Market Oversupply is already looking quite concerned.
First Home Buyer has gone straight to the lead after a good feed on interest rate cuts and he’s responding to vigorous riding by his jockey Reserve Bank, but he hasn’t done much for years and his owners, Big Four Banks are threatening to sell him if he doesn’t go well. The pressure may show.
Off The Plan, the only foreign entry has started full of running, but his rider, Aussie Dollar has a huge weight and the word is that his connections paid way over market value for him.
Here comes Renovator, moving up quickly to take the lead, but his jockey, Unexpected Problems looks like he’s been up all night. He’s made his run too early and is obviously a sprinter, not a stayer.
What’s Housing Market Cycle up to? He’s going around in circles and not making any headway at all.
Family Home is midfield, being patiently ridden by his jockey Long Term Growth, who seems confident that time in the market will give him enough to win.
Where’s last year’s winner, Mining Boom Town? He’s caught back in the field and his rider, Chinese Economy is having trouble controlling him.
As they head into the home straight, Property Investor’s jockey, Timing in the Market has spotted an area where the capital growth is much better and taken the lead. He’s made his run perfectly, and going away to win easily. You can’t beat a Property Investor guided by Timing in the Market.
Comment from Michael Yardney:
In my recent article Not all land is created equal – so buy in the inner suburbs I referred to John Lindeman’s research which concluded that while around the time of Federation the price of country property was equal the cost of similar properties in the city, but over time this has slowly changed and investors who are looking for capital growth should consider buying in capital cities. Unfortunately I forgot to credit John for his research behind these statements. You can read the complete article here