Im not judging your research & im not here to really debate property, my origional post was regarinding the media hype that has started again over a report that say end of 2010 they expect the turn, my opinion 1-2 years down before a rebound, sure there will be great investment oppertunities come along even through a bearish market but overall market ran very hard & a correction is healthy
We wont see the gains of 06/07 in 08/09/10 obviously, those gains we saw the past few years was not property investing it was a bull market hitting its peak & panic buyers jumping in, things are starting to settle & people are getting more realistic about prices.
Im bearish for the next 1-2years not forever, property should be a 5/10/20 year investment not 1 year make 200k then sell it off.
PS: I like Frankston/Seaford/Carrum even in this bearish market.
