I guess Malaga what it comes down to is what return you find suitable.
If you are happy @ 2.9% rent returns in Cottesloe or 500k down in 5 years - that is good for you.
You see property does funny things for people. They think that by owning they are immediately securing their future. WHen in fact what I see is possibly the worst time to buy into the most over priced property ponzi in history.
As FT mentioned it is a ball and chain scenario - interest rates and rates are something I am not keen on.
My rent is well under 8k per annum. No rates no water, I pay electricity.
