i posted this on another thread, but thought worth consideration from property investors:
I think the mindset of negative gearing investors in property is totally flawed...
You invest to make money... which actually means increasing..not diminishing...
so what property investors are doing now is SPECULATING property prices will continue to rise..all the current reports and predictions are showing the opposite...we all know it wont always go down, so why invest now??
that then brings up new problems..if investors start to think property may decline they are not in the market, so less buyers for more properties for sale...will not facilitate rising property values..in fact it will become the reverse.
there are many suburbs that now have 2 years of supply up for sale...
ie the last year say 1000 properties sold and right now 2000 up for sale... In the short to medium term i would not be investing in property..i will watch and see what happens..as many others are choosing to do!
