Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (12190)	12/27/2001 8:40:09 PM
From: Moominoid	Read Replies (1) of 74559

First there are really big real estate gains only to be had in Melbourne/Sydney/Brisbane and their metropolitan areas (including Gold Coast and Sunshine Coast) and maybe Perth and Cairns and even Darwin. If it is in Tasmania or South Australia forget it. Second, he likely bought at the top when the Aussie dollar was strong and now wants to sell at the bottom. Be interested to hear where his land is. My only property investment is an exchange traded package put together by Deutsche Bank involving CBD department stores run by the David Jones chain in Sydney and Melbourne, refurbishment, leases etc. It produces nice tax breaks. David

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