anybody thinking of buying??, page-14

bling...lets say that you took all expenses into account when calculating 7% return (i doubt it, but we're not going to complicate this with facts...it's theoretical)...

...what happens when/if prices drop, interest goes higher or people wake up to the fact that there is NO SHORTAGE and refuse to pay exuberant rents ?

or...some other crisis comes to Oz ?

(i know, i know ! heavens forbid...that's impossible...best country in the world in crisis ? ? ? )

meanwhile...some are already getting 'cozy 6 % in the bank with no risk and no maintenance and no tenants and ... )

your only saving grace is this alleged GROWTH in price...which turns 300 000 into 600 000 over the period of some years ! when that stops (and it did ) what are you left with?