rba still happy: rates will stay low , page-25

  1. 1,314 Posts.
    """Property investors mostly take a long term view on property which historically has been show to be a very safe and reliable way to accumulate capital"""

    Correction.

    Property investors "have to" take a long term view because it takes years just to recoup your entry costs, its not a choice.

    There is nothing "safe" about borrowing money to buy an asset that is reducing in yield and about to reduce in value.

    The Australian love affair with property has taken a beating in the last 5 years, but the real pain is yet to come in my view.
 
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