yes thats right, buy in the correct suburbs and all is well........and always is.
As for rent, still heading north im afraid.
latest figures show ave mortgage is only 58% LVR.
So lets not get too carried away with the "im just bitter coz i missed out" that seems to go on hear all day by the bearish players.
Its getting a tad tiresome to be honest.
Keen was wrong, he even admitted it and took a long walk.
Truth is most 95% of property owners aare sitting on at least 40% equity.....thats $180k per holder.
You cant win them all, the sharemarket is down 7% in a month but dont let that stop you from sitting your lifes savings in the bank account and paying the landlord each week.
Its not a startegy I would encourage but the bears seem to think it works, although histroy shows noone got wealthy renting and sticking funds in bank accounts.
