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An interesting debate, I can't help but feel that much of the opinion is derived from the rather narrow perspective of the recent Australian experience. There are a couple of long term studies of established property prices, going back three hundred years or so, I suggest those interested...

I kind of think that's the jist of the graph above, though were never quite sure if we are talking nominal terms or real terms. After all, saying 'property always goes up' can be the same as saying 'the value of money always goes down', in which case its a bit pointles. Alas you have me...

Hi Lizzie, and well done. I have to say though that unless you have witnessed a severe downturn in a property market, you are all newbies to me. And considering the track record of Australian property over the last thirty years, courtesy of government intervention, I don't suppose there...

Hmm...good point, I would say you are generally an investor unless you bought specifically to sell on for a quick capital gain, then you would be speculating on a price rise. ??