July 7, 2010

Is it better to buy a property or invest in shares?

By Planet Wealth

We live in Western Australia and the market has gone through the roof. There are some areas that are still affordable but this means we would have to go far away from the city. It would be our first house. We are renting at the moment in a very nice neighbourhood, very central. How did you start out? Do we have to make the sacrafice (go far away) to get into the property market? Or do we take out a smaller lone, give it to a friend who really invests money for a living? Help!

Topics: renting shares | 2 Comments »

2 Responses to “Is it better to buy a property or invest in shares?”

  1. J-ROD Says:
    July 7th, 2010 at 3:10 pm

    i would say go for property as long as it doesnt end up like here in the states with the horrid housing market. Or if at all possible try doing both.

  2. Mrs Yellow Dango Says:
    July 7th, 2010 at 3:10 pm

    I live in Melbourne, property is also going insane (or has gone insane – which ever way you see it) – maybe not as mad as WA tho.
    Rationally I don’t know. Emotionally I believe in property more than the share market…. The way some of the shares go up and down scare me to tears – no matter how dodgy some areas in Melbourne, the properties don’t behave that way…
    At the moment I can’t really afford anything except a small apartment in postcode 3182. So that’s what I have.

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