I agree location seems to be key. Close to universities and CBDs
So a 2-3% return seems to be more likely.
But obviously there is boom years and negative years
Does anyone have interest only repayments for their investment properties I am considering this option for a few if not all my properties
What are people's thoughts on apartments? Or is land always going to rule as high rises take over to keep up with population growth, land in nice areas will be a luxury?
One concern I have is do people think there will come a point that there may be a property market crash? I read naysayers all the time.
Is it sustainable?
I have graphs showing Sydney and Melbourne median price rise over the decades
Sydney 1971 = 21.2k median
Melbourne 1971= 15k median
Sydney 1991= 182k median
Melbourne 1991= 127k median
Sydney 2011= 621k median
Melbourne 2011= 540k median
This shows doubling around every 10 years and it has done so for the last 40 years. Is this really sustainable forever? Will there come a point where there may be a property recession, or will supply and demand, the fact that everyone needs to live in a home, population growth and land scarcity always be saving grace?
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I agree location seems to be key. Close to universities and CBDs...
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