Location Lie

“The past 12 months has seen huge growth in Sydney’s western suburbs, with the top five local government areas for growth Concord (nearly 26 percent), Camden (23 percent), Fairfield (nearly 21 percent), Blacktown (20 percent) and Burwood (nearly 20 percent).” A Current Affair story. So is location^3 a lie? Well, mostly yes. Every suburb has …

Another bubble measure

Negative gearing has a lot to answer for. I was sent an article with this quote buried deep in it. “If you desire to identify potentially overpriced markets, compare the monthly cost of owning a given home to the monthly cost of renting that same home. After factoring in taxes, if owning costs significantly more …

Buy 1831 CSR @ 5.46

This is not strictly a trading position. But If it jumps I’ll take it. Given the perilous state of the stock market I’ve been keeping an eye out for value stocks that pay consistent dividends, represent a discount to NTA and have good businesses. CSR was one of the ones on the list and is …

Buy 5000 BHP @ 9.95

Andy, my full service broker called me today. There must be something about having an unused margin facility that makes these guys nervous ;). Anyhow he gave good spiel so I thought I’d give it a go. Andy’s 5 good reasons to buy BHP under $10.00 Market should be up – Microsoft released a ripper …