"Property: This forum is for discussing property and the state of the property market."
Ok let's shoot from the hip. Aussie property is stuffed. Virtually all the risk now is to the downside.
To let sleeping things stay asleep lets say that the bulls on here keep picking winners - congratulations.
For the majority of the popolulation - it's curtains. Many will face negative equity. People are just starting to catch onto that since 2008 - that's 6 years ago property has gone no where. So an average of 6% Interest using the 72 rule suggests 50% of the initial investment has been payed in interest.
Think about the previous paragraph. And then imagine pissing that amount up against the wall. Many people who bought in the last 7 years or so are in a not too dissimilar spot.
