on that note, i have a neg geared property(2 bed) for the past 13 years.I bought it when i was 21 and at that age had no idea or knowledge on the markets and how they worked.(just listened to mum and dad) This property is a beachside apartment in nsw and when i think about it,around 60-70% of the area is neg geared(or rental units estimated). Now looking at the current property bubble,im just imagining how many for sale signs would be around if/or when things correct (in my suburb)in the housing sector. I am yet to see any evidence in my suburb of a crash(not many for sale signs) but by the time i turn on the news at 6pm and hear that the housing downturn is/has begun,then its too late for me. I would like to thank hc members for opinions and figures posted in this forum as i have now decided to sell my investment and rent.(not move into my apartment) I have talked to a few work colleagues on this subject and they think im crazy! Quotes like"houses will never go down" and "it wont happen here in Australia" are drilled into my head when i talk to others. Anyways keep up the good posts guys!
