"""So Sydney moving 17% in the last year is ordinary, even with your "bearish" view for 6 months the "average" punter made a gross ROE of 40%/ 80% annualised with 20% down."""
Even if you cherry pick the highest returning capital city, after buying and selling costs, they still lose money. Its a con.
Never sell ... well the RBA came out yesterday and said there will be more downturns then upturns in coming cycles. If you need an interpretation ... that's the RBA signalling a sell sentiment on residential property. Wow.
Paper gains mean nothing in property, the net profits on those gains end up a loss, and its pretty much unanimous that its going to fall from here. Property has been a dud for the past 7 years, that slide is about to continue.
