Well it's nice to pop back in after a little absence to see the...

Well it's nice to pop back in after a little absence to see the same discussion going back and forth.

I think the key point most of you are missing in attempting to 'see the future' is this: regardless of what property does this year, next year or in five years, what is measurable (without any debate) is that long run, property has averaged 6-8% growth in most locations.

In anyones language, this is a great long term return - especially when you take into account inflation (constant growth in rent) and negative gearing.

As an asset class it is relatively safe, has never exhibited the sort of swings you see in equities (even in 1992) and gives people comfort in owning their own home.

So I would invite those of you reading this forum, looking for a place to live but renting and hoping for a collapse (for how many years now?) just go out and buy what you can afford. Ignore the doomsdayers!

Remember, its the first one that is always the hardest. Come back in here in 3 years time and the same discussion will be going on. All Im saying is keep it in perspective, buy what you can afford and enjoy your life!

Have a great christmas and new year!