well I will just stick with my 30 years experience in property investing and leave all the hysteria to the other posters... in the meantime, I will buy more props as the opportunity arrives, and use my usual 10% capital growth as my guide I am expecting just modest growth of 10% for Melb and Sydney (as usual nothing has changed)
I may dump one property, if the whispers I hear are true, ie a high rise planned for public housing in a suburb not far away .....there is already a huge social problem in that suburb, that will only get worse...with the increased population.....
otherwise by 2011 the prices will still be debated on this forum..., those still waiting and calling for a crash will still be here (just like the same people who sold in 2000, 2003, 2005, 2007, etc ...or have been waiting all that time for the crash) whilst the house price growth continues
ps our miners will move offshore if the guvnuts gets its miners tax thru.....which I very much doubt it will..... their Plan b is ???? zilch... cheers all
