I didn't say I was a fan of 6% from the bank, but if I only had a choice between property and bank interest I would certainly prefer the bank interest.
Property right now has all the hallmarks IMO of the very late (blood on the streets and tissue boxes at the ready) stages of the tech boom circa March 2000.
We are pretty limited in Aus for easily accessible investment options, but there is another option apart from property and bank interest - resources. Of the three classes, at the moment I plump straight up the guts with resources. Silver in particular is IMO at the emerging take off stage, vs property which is IMO on the downward slide and gathering momentum. After the bull market of the century, the next upward swing for Aussie property could easily be 25+ years away.
My opinion only and I don't profess to know what will happen in the future (otherwise I would have gone all in and leveraged myself out the yingyang to buy bricks and mortar circa 1999).
