what will happen to bbi tomorrow if dow down, page-31

Wealthy, the only type of real estate investment that works is
1. Interest rates remaining low
2. Increases in nett migration
3. rental properties where the tenant does not trash and the rent continues to be paid

The concept of a house as an investment is true for the bank.

Calculate the interest on a long term mortgage over twent years calculating all reasonable interest changes and you will be astounded how much interest you pay- typically a multiple of the purchase price.

Interest rates in NZ were 26%, Australia has a huge water problem which will cost the Oz gov't trillions to solve and this money will be borrowed thus increasing the Australian interest rates-

Be aware of everything.

And if you think houses are a good investment still- consider this it is house prices and mortgages which have brought the world to the worst depression in man's history.