gold, page-81430

Property prices some would say are in a bubble.
they are decreasing if you believe the media.
if there is no capital growth , is it prudent to hold property? When prices could collapse if there is mass unemployment on the way and no Chinese investors to buy.
And what about the special laws for tenants? How long is that going to go on for?
no rent rises, cannot move tennants out if they dont pay. Still have to pay, rates, insurance, water connection, repairs, tennant insurance( and maybe cannot claim on it) , interest rates if you have a mortgage on it.
i wouldnt be rushing out right now to get an investment property at the minute.
ps if you ' own' your own home and no mortgage
Then the costs per year/week are still about $5000+ without any utilities or repairs.
ie you are paying $100 rent per week.
if you have a mortgage, well who knows?
could be $1000/ week.
Gold is getting more scarce by the minute.
At this point , i know where i would like to put spare monies.