I wonder what Nigel Satterley's agenda is? Why would he be making comments like this? It's almost as if to induce panic into the market. Strange one - it's got me puzzled.
Either way, it will be great to see some property investors learn some solid life lessons over the next year or two. Fingers crosses the RBA lifts rates again to really rub salt into the wound. I think it will be a great education for not only the leveraged property investors, but also for their children too.
In the long run, it will be great for the economy and everyone will be a lot wiser in 10 years time.
Mums and Dads buying 5 rental homes to 'secure their future' - trying to be some one they were never meant to be. Life has a cruel way of sorting the wheat from the chaff.
