wages, page-99

People can put up all the data and ratios they like ,but the fact is that anyone who has invested in property within their means in this country over the last 50 years has done extraordinarily well .

In fact anyone who has ever invested prudently in property in the history of the universe has generally done very well Of course there are exceptions to the rule ,in certain but few circumstances ,but to argue otherwise is ignorant .

I guess what people are arguing here is whether the dynamics have changed and there is reason to believe to that property is a far riskier proposition than it ever was .

I've been around a while and to be honest the same things were being said in the '60's . It wasn't affordable then from what I can remember ,everyone was petrified of taking on too big a mortgage.

I'm no great property bull but interest rates are going to be low until kingdom come as far as I can tell and given the dynamics I think that people who invest in good properties in inner city Melbourne and Sydney will still do very well over time.

Put it this way ,there are a lot riskier things going around that people think are safe.

But you need to do it within your means and be aware of how your own circumstances might change