A mate of mine was renting a place in baulkham hills in Sydney, he has the money to buy but said the rent he pays $500 p/w and the Indian owner paid 1.2 mil for the place a year earlier, crap return on investment. I wouldn't buy now either but I do own 2 places outright, it's not the same all over the country but with interest rates so low and prices in that example so high with such a bad yield I can't see much capital growth in that unless interest rates stay low forever and how can that be possible?
