Guys the writing is on the wall, property prices will fall.
it is a known fact that during this time rents increase, but once again after this part of the cycle rents fall again.
you psay $250 a week rent on say a $250K house
at the end of the bubble it will jump to about $300K (with little interest from buyers to buy) and the owner will try and get matching rent or try and sell the property quick.
once the bubble pops we will see a 30% or more drop in house prices.. at just 30% that $250K house could fetch $180K and no one will pay $300 rent on a $180K property as such the rents will drop.
property investors are not going to make any money over the next 2 - 3 years unless they purchased their homes 5 years ago and selling now
for everyone else.. wait 12 - 18 months and buy a house!
the only people arguing against this are property investors who cant get out (probaby like warnie poke!,poke!) so trying to upramp their stock
