I conduct valuations each year to help monitor my portfolio, i...

I conduct valuations each year to help monitor my portfolio, i have a bunch of average houses in the burbs of sydney.

Valuations range from 2010 July till Late June 2011 range from:

- 0% to 1% drop (no change)
- 5-8% Drop (Negative)
- 2-4% growth (positive)

in the 2010 valuations, it did make mention that the top 2 properties are in areas which are more prone to stress over interest rate rises.

I feel it is important when judging an investment to look at the total return, property does include an income component (4.7% net yield once you chop out all the costs)

I'm not a blind property bull, i have other assets in my portfolio. Their are pro's and con's to each.