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Ignore the banks, the housing bubble is real, page-7

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63,648 Posts.

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30/09/14

21:04

Post #: 14052854
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Originally posted by Shady Merv ↑

Real estate investment in many areas of Australia over the past 5 years or so has been a loss-making venture. I have experienced it and so have many other people I know, and I'm in a very nice and salubrious part of Oz. It's Sydney that has won, maybe Melb too in parts, but the rest has generally been wasted capital. The media is Syd and Mel centric about property.

I'm giving it a big miss, and I'm not alone.

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No doubt some areas are not doing so well, as they say the three important things are location. location. location
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