australian house prices down 10% from peak, page-15

What often escapes peoples notice is that those of us who bought back then as investors were going against the trend and were ahead of the curve. Rents were not particularly good and the more we loaded ourselves with debt the banks would charge us extra for investment loans. Additionally the repayments were heavily subsidised. It was not as easy as it seems and required quite a bit of fortitude and self belief something that appears very thin on with the want it now set.

Very much like any successful business it is not all about actual labour but a lot more about emotional fortitude and stamina. Seems like Kincella has become an easy target for those who roam in packs!