"Property is one of the most remarkable investments if bought at the right end of the cycle. I'm not convinced that this is the right end, and I gave ample evidence in my very first post."
Depends where you are talking. If you take Justis "clock"
I'd say Sydney and Melbourne = entering slowdown after boom
Perth/Darwin = slowing/stagnant
Brisbane/GC = still in rising market (but don't necessarily need to "boom")
By boom, I say more than 10% pa growth which is unsustainable with the leverage in property. You get one or two years like this in a decade.
and there are markets within those cities all performing differently due to many variables. Price, Employment, Infrastructure, Transport, Style, Renovation, City Plan, Zoning etc etc
One of the best investments I made was buying a residential block/house in an expanding commercial zone...turned house into commercial property, and claimed the GST back - 10% immediate discount and cash to develop.
