i was wrong, page-47

mrlunoon, is spot on and good on him for admitting he made a mistake.

Having at least one property regardless of if you live in it or not is the best foundation of your wealth once you have some decent equity, if you rent it out the rent money pays for your rent.

Of course having a roof over your head that no one can kick you out of has a hell of a lot of value.

daclaw, the perth rental market is still tight, I don't get why you think rents are falling. it's not hard to get good tenants and if you or your agent follow what the tendacy act allows you can get rid of bad tenants in an orderly manner.

AS for Perth prices going down, with low to middle range property I would say no way. Many areas have properties which paying the mortgage would be less than renting so the is one factor that suggest property prices will hold