In 1988 we sold a property for 350,000( lnd size 1000m2) The same block and house sold recently for 1.6 million. I believe apartments are planned)
Even if property were to fall by 20% or 30% all it would mean to the long term land investor is a loss to part of the potential profit for not timing the right market.
All property markets work on a cycle usually the next cycle is larger than the previous.
Property unlike shares need patience as it works on a longer term cycle.
For the long term investor in property the above example shows that for the initial investment to sustaint a loss the property price would have to fall by 80%.
If that were to happen Australia would have to be in the same debt to gdp ratio similar to America or Europe.
In which case the Australian dollar will drop to a point were jobs would come back to Australia and the new cycle begins
