{"id":16437,"date":"2019-01-22T13:38:59","date_gmt":"2019-01-22T00:38:59","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=16437"},"modified":"2019-01-22T13:38:59","modified_gmt":"2019-01-22T00:38:59","slug":"im-selling-now-to-beat-crash-says-disillusioned-property-investor","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/im-selling-now-to-beat-crash-says-disillusioned-property-investor\/","title":{"rendered":"&#8216;I&#8217;m selling now to beat crash,&#8217; says disillusioned property investor"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Allan Smith\u00a0<\/strong><\/p>\n<p>Allan Smith, a Queensland corporate accountant, is selling the investment property he bought 10 years ago because he is &#8220;tired of losing money&#8221; and wants to get out before there is a market crash.<\/p>\n<p>Mr Smith&#8217;s three-bedroom townhouse in Helensvale, north of the Gold Coast, cost him about $300,000 and has returned only about 20 per cent in capital growth, or about 2 per cent a year, which is less then he could have made on a fixed-term deposit.<\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"1061\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">The property has been no problem to rent but income did not cover total costs and has been negatively geared.<\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"1061\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">READ MORE VIA <a href=\"https:\/\/www.afr.com\/real-estate\/im-selling-now-to-beat-crash-says-disillusioned-property-investor-20190116-h1a4w2\">AFR<\/a><\/p>\n<p>https:\/\/www.instagram.com\/p\/Bs1ovt2lMq6\/<\/p>\n<p><a class=\"twitter-timeline\" data-width=\"1200\" data-height=\"1000\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/propertynoisenz?ref_src=twsrc%5Etfw\">Tweets by propertynoisenz<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Allan Smith\u00a0 Allan Smith, a Queensland corporate accountant, is<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/im-selling-now-to-beat-crash-says-disillusioned-property-investor\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":16439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098516,478098519,478098535,478098696,478103236,478098513,478099125,478101994,478098873,478098579,478098510,478098616,478100165,478098514,478098575,478098511,478098509],"class_list":["entry","author-wpcomsupport","post-16437","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-gold-coast","tag-home-ownership","tag-house-prices","tag-investment-property","tag-negatively-geared","tag-property","tag-property-crash","tag-property-downturn","tag-property-investment","tag-property-market","tag-property-news","tag-property-prices","tag-property-values","tag-propertynoise","tag-queensland","tag-real-estate","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>&#039;I&#039;m selling now to beat crash,&#039; 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