re: property...all property is local billy tea"Nothing on this...

re: property...all property is local billy tea
"Nothing on this thread makes sense without the qualification of city & suburb.
Sydney is not "Australia".
In my home town, a thriving go-ahead place, properties sell at about replacement values and a $200k home can get nearly $300/wk rent, well above Grant's rule of thumb. How can values drop 43%?
Conservitave investors with good property should not be alarmed, which is what you seem to be doing."

So where is this home town?

Craig