My position is that we have gone long in the property market over the last four years and I'm not looking at buying any more properties at this stage . One we have some more significant growth we will revisit that , probably in around 1-2 years .
In the mean time I'm looking at getting back into the share market and wanted to get peoples opinions in very fundamental terms of where we are at the moment .
My observation is that the Aussie market has been moving sideways since the GFC . In the last year or so the USA and OS markets have outperformed the ASX which is slightly ironical considering the the australian economy has been one of the stronger economies since the GFC . We're well short of an all time high , where the US , with an economy that still has major issues has reached one.
I remember a period a few years ago , where the ASX lagged the US and then caught up over the following time frame . Are we faced with a similar situation ? When looking at property markets in Australia , I look at the Capital Cities with the lowest 10 year growths ( sydney in the last years ) and target those and have done quite well.
There seems to be significantly less doom and gloom stories around at the moment . I'm not sure if this is deliberate under reporting , but my perception is that people are more positive , or if they're not positive now , they're trying to be. Certainly the property market is quite buoyant and in some areas boiling and this general confidence seems to be spreading through the community.
Any thoughts on other factors which might lead to the ASX breaking out and moving into a consistent up trend ?
In share investing I'm a trend follower , so I'm happy to watch from the sidelines , but I try to get in early .