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This market reminds me of Mandurah in WA, similar scenario, it is only now starting to recover, in particular lower end. Once again though you still need to buy the right product. High end stuff on the canal in Mandurah is fantastic buying at the moment $1M+ as there is so much supply and no takers.

There are never any guarantees but I would say if you buy the right product you should be OK. For example Nerang is started to rise (houses) perhaps 6 months ago now, if you look hard enough you may find cash flow positive properties, however you would not touch units because there is an...

Angel Not sure what Brissie dropped, but I know Gold Coast got hammed some areas as much as 40%

I get where you are coming from Skater, but I must admit I could and would not want my children to pay board. Maybe I am wrong and its not teaching them to be responsible, not sure?? But I come from Italian background and my parents never expected this and I think this is a cultural thing...

Just show you how the figures can be so out of whack, you can also more than double your money, depending on what property you buy and if suddenly there are significant changes in a particular area .. I paid $185K for a property in I think 2008, sold it 16 years later for $1.325M. Why did I more...

Perhaps someone has already posted this, apologies if this is the case, as this is a long thread.....:) Is there any point trying to work out projections for the next 10 years?? anything can happen, another war, GFC who knows?? As a property investor perhaps another way to mitigate risk...

Economist reputable source?? Shame they seem to always get it wrong, perhaps too much time spent on charts and not enough time on the ground where all the action is;)