This article in today's SMH is interesting...
In a market like this, how can people lose 75% of their money investing in property?
The article talks about buying off the plan, but even then, I would think that losing 75% of the investment is a bit too much...
Some self-managed superannuation fund investors who borrowed heavily to buy real estate have lost up to 75 per cent of their investments in two years, say investment counsellors, despite boom property markets and record low interest rates.
In a market like this, how can people lose 75% of their money investing in property?
The article talks about buying off the plan, but even then, I would think that losing 75% of the investment is a bit too much...