Thurlow,
most of the Sydney buyers (for instance) are living off a 3% 'net' return, I hear all the arguments about capital growth prospects but still say the nail was put in the coffin by a boffin, his name is Egan. We are entering a rate rise period, and there are other investments (namely shares) that are more liquid, and no stamp duty- let's talk again in 6 months on this topic.
