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Great... trust a banks opinion instead of your own... worked great in the US and most other parts of the world.

Good for you... you made money in a time when you couldnt fail to make money in property. So what about people starting at the bottom now? Even if they could afford a dog box on the outskirts, do you really think that the market will go up 2.5 times in the next 8 years? If you do, you are...

Couldnt agree more. Australia has had the biggest property boom it has ever had in the last 15 years. Dont believe it? Go and have a look at house prices since 1970. You cant say that house prices havent sky rocketed since around 97-99. What happens in the future? Well, we go back to pre '99...

15 + years ago, a TV cost a fortune. Now you can buy a TV, plus other electronics by spending the same % of disposable income. I'm sure most people had a TV back then. Not to mention debts for people lucky (?) enough to get a degree of around $20k because education isnt free like it used to be...

And people will always think it was harder when they did it. Its just that the facts prove that it is harder now, than ever before.

And have a couple of kids and survive on a single income whilst owning a house like my parents... oh thats right, it cant be done these days because you need 2 incomes to pay for a property. There's no point comparing 'household income'. Given the option, I'm sure plenty of couples would...

Got to love the incredible CG over the last 5 years. I doubt that effort would be achievable in the next 5 years, or 5 years after that. Not bagging them. Its a great effort to achieve what they did in such a short time. I just dont believe the market can keep on going the way it has for the...

That cant be right. Isnt there a housing shortage?

National auction clearance rates of around 60-65%, including Sydney. Thats around 40% unsold. Its hardly a drought of properties on the market.

Supply myth Finally a property article that reflects reality, and doesnt perpetuate the myth of under supply: http://theage.domain.com.au/real-estate-news/blogs/property-values/affordability-and-the-supply-myth/20101126-189ta.html Too bad its only a blog post, and not in the printed paper.

Then you can sell, be 0% in debt, and have ~$150k in your pocket. Your point?

Merely having a laugh at the 'investors' that blindly buy property with a 1% yield and expect 25%+ CG per year because 'you cant lose on property right?'. Give it a few years and they'll be appearing on Today Tonight and ACA complaining that they dont have a enough to retire on because of all...

If you close your eyes and chant "you can never lose on property" repeatedly, its a great time to buy.