real estate agents can be right, page-22

It's been the better part of two years since I visited this forum...and it seems same old, same old...even back then, the bashers kept harping on about an impending property crash.

Still haven't seen one...unless you call single digit percentages, and low ones at that, a crash....property prices in some cities have even increased since that time, and by significantly more than single digits.

Like any half decent investor I choose to spread my risk across numerous asset classes including both property and shares, so I have no bias towards either...I always hope both do well.

Five years ago, in Jan 2007 the all ords sat around the 5600 mark...today it's more than 20% lower. I know where I would rather have had my money the past five years, or even the past ten years as the numbers below suggest.


Melbourne median house price

2002 : $280,000

2008 : $385,000

2012 : $550,000


All Ordinaries

2002 : 3000

2008 : 5200

2012 : 4300