What if they listened to the professionals amd sold in 2000-2001...
They would have been paying crazy rent.... And had missed out on hundreds of thousand if not millions of dollars in capital growth depending on where their property was and how many properties they had.
For the record i have never met any successful property investor who would ever say property has been a bad investment or its going to go POP.
Malaga, my brother lives in Melbourne and he lives it. Dont know why you hate it, its the most livable city in the world isnt it...?
Freewill in regards to the Gold coast that went up extremely quickly had a small dive because of financing not been given to big developers and so it caused a problem. Property came off 30-50% depending on the areas and this was mainly caused again because banks were not lending easily on the apartments.
Most of Australia is unlike the Gold Coast, in that they have bigger populations, industy and so on, rather than just tourism and people going to retire. You can see this from Bondi Beach in Sydney it has other things going for it rather than the limited things the GOld coast does, but then again the Gold Oast has meter maids :)
