Tell me /biz/, there's a real estate bubble going on in 'stralya and everyone knows it. I did some research and found some good stocks I might short to cash in on the bubble bursting (http://www.cnbc.com/2016/05/23/australia-housing-bubble-fears-make-investors-nervous-about-big-four-banks.html):
4 Stocks:
-Australia & New Zealand Bank (ANZ)
-Commonwealth Bank of Australia (CBA)
-National Australia Bank (NAB)
-Westpac
Any other good stocks/ETFs I could short? I was considering maybe buying an Ultrashort Australian Dollar ETF, but wouldn't that go down in the event that the Royal Bank of Australia eases monetary policy because of a recession?
Any other good instruments I can use to cash in on this? Is there any chance that the bubble will pop anytime soon or am I being a Cassandra?
monitoring
>>1502136
how do you short using westpac/commsec investing app or you can't?
>>1503060
Brokers won't accept shorts from retail investors, unless you are buying in large volumes.
It's a moot point anyway. Shorting isn't worth the potential gain, let alone the stress.
>>1502136
I thought it was a apartment bubble, not a real-estate bubble?
Houses with yards will still be going for >1million in Melbourne and Sydney. Right?
It's just that box in the sky you bought off the plan for 400k is gonna plummet.
>>1502136
I think OP should look at shorting some of the building and construction companies, or their suppliers. Shorting banks seems risky, banks never lose.
>>1502136
Lookup OceanaGold, they have a lot of potential and they're investing their capital expenditure in a very promising way
>>1502136
BUY RAP
>>1503508
had a look, looks promising like you said... how do we know their latest study is legit and they're actually going to find gold?
>>1503575
I think they're just as viable as any other mineral company in that respect. You never really know
Buy gold stock minors, undervalued vs their resource in the ground. (PGM, SIH, GTR, LCD) Banks will decline, but there is not going to be a real estate 'crash' in Oz anytime soon. We are just around the bottom of the cycle in a lot of areas, and apartments will screw a lot of people over as valuations come in lower than they put deposits on for them.
>>1503510
this!
On an aus note, why did JB go up by 5% when they announced a rights offer? Shouldn't it have dropped?
>>1503730
>undervalued vs their resource in the ground
You cannot be this new