Thanks fellas for the input.
What gives you this impression? I'm certainly not a real-estate buff (hence me starting this thread). But i'm well aware that the property market is far more stable than the stock market (following Australian trends) and it is the the governments best interest to prevent the property sector from collapsing. For the past 20 years in Aust property has been increasing steadily between 7-15% pa, even through the GFC.
Sure, growth may plateau, but given Sydney's population and housing density I find it hard that the market will collapse (esp by half!) in the near-future. I'd like to hear your theories behind this, because i'm quite interested.
Quote: (10-13-2012 01:40 PM)BIGINJAPAN Wrote:
Also real estate from an investment perspective is going to be the worst performing asset in the next 10-20 years.
What gives you this impression? I'm certainly not a real-estate buff (hence me starting this thread). But i'm well aware that the property market is far more stable than the stock market (following Australian trends) and it is the the governments best interest to prevent the property sector from collapsing. For the past 20 years in Aust property has been increasing steadily between 7-15% pa, even through the GFC.
Sure, growth may plateau, but given Sydney's population and housing density I find it hard that the market will collapse (esp by half!) in the near-future. I'd like to hear your theories behind this, because i'm quite interested.
If you're not growing, you're dying.