Well I followed through with my plan and am sitting pretty.
santaclaws Post #: 30318 In Reply to msg: #30317 IP: 203.35.xxx.xxx Views: 559
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Each to their own of course but I find it compelling that australian residential property prices have risen much more than inflation or wages. Can it continue? Maybe.
But I don't believe so.
More pain is coming imho.
I am reducing my direct exposure to property in an orderly fashion until only my single solitary residence is left.
This will take me another 2-3 months.
Tax free to hold for as long as I want, and no concern then about it's valuation as I own it, and you have to live somewhere.
Be careful..........
-------------------------------------------------------------------------------- 'Debt has to be repaid in the future'
