If you bought right it really doesn't matter. Property will become less attractive to the masses because the lure of capital gain or increased borrowing capacity dulls when its 2%-6% per year rather than the 20-40% experienced circa 02/03.
I would defy anyone on this board or any analyst to find a residential property in Australia's population centres that has ever sold on the open market (excludes all family transfers) 10 years later for less than 20% capital growth. In reality we all know its probably substantially more.
Long term there is nothing safer than residential property, except possibly Govt. Bonds/Gold
Long term residential property growth is like a punt on the gigis with the odds stacked in your favour.
You can almost set your calender by RE growth cycles.
