"and property can't go to zero (usually) so it has it's place, but so many Australians think it's the only way to invest..."
Real-estate might not go to zero, but, just ask all of the 'once' cashed up, and now redundant, Qld coal mine workers who bought all of their 'real-estate' properties in the far flung western Qld mining towns at truly 'extortionate' prices, at the height of the Qld coal mining boom and who are now, all (to borrow a US term, from the days of the GFC) "deeply under water" with their mortgages eg, a 'modest' 3 bedroom high set weather board house at Moranbah bought for $750K just a couple of years ago, now vacant, impossible to rent, and unable to be sold for even $125K. http://www.abc.net.au/news/2014-04-28/boom-bust-moranbah/5353114
Yet, they call investment in shares high risk.
GXY Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held