Australian housing bubble

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#1 Fri, Aug 26, 2011 - 8:45pm
lazytrader
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Australia
Joined: Jul 23, 2011
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Australian housing bubble

Hi All,

I'm considering selling my 2 bedroom villa which is by the beach in a nice area (which I currently live in) I'm not married, early 30's etc so I'm fancy free in that way. House prices are way over inflated here in my opinion and if I can sell I will have a fairly large sum of fiat in my hands as the villa is largely paid off.

What to do? I think house prices can only go down and don't want to be kicking myself in two years when I could buy one of these places for half the price. If I do sell I will have to factor in renting a place and where to put all that fiat. Go all in Gold/Silver keep a little cash. Buy miners etc

The main reason I want to do this is to increase my wealth so I have more freedom to surf, spend time with family, etc. all these things are hard to fit in in a 50 hours week and then spend the weekend cleaning/DIY/finishing off work related stuff.

Hmm I want to get ahead and a can see there maybe an opportunity

Ps I have also considered using my equity in my home to invest in more metals

Opinions peeps?

Edited by: lazytrader on Nov 8, 2014 - 5:06am