To stillthefoxhat, "I take it you are a buyer in this falling market not because it makes good financial sense but because you will be helping support lawyers, plumbers, carpenters etc and therefore saving Australia...good luck with that stratergy.."
I'm sorry I was not more clear. All I was trying to say here is Through building a house, it creates employment and stimulates the economy. If I had the money sitting in a deposit account, personally I would rather invest in building a house. Sitting it in a bank, whilst you think it's safe it's really doing the opposite, it's not creating jobs, it is not stimulating any thing, in fact the more people that sit their money there the worse our country will become, it needs jobs and people need jobs to live. I am not bullish or bearish. I brought 2 IP's in 2007 and 1 in 2010, 2 of the 3 have done very well, they were all new. My stance is buy what you can afford when you can afford it, too many people wait hoping for a fall, funnily enough property (and shares)seems to do the opposite to the general publics view. Again wealth creation is done over time, so if you are not fussed about catching the peaks and troughs, just buy when you can afford it, as with every thing-supply and demand. Like it or not there is a housing shortage in Australia. Last year 50,000 less dwellings were built in Aust than the average per year, is that bearish or bullish? The bears would say see less demand prices have to come down, bulls would have the stance if less were built last year the housing pressure is increased, as we are already short on housing,pushing prices up.
