2007 wasn't the top in most markets, it came later in 2010 as...

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    2007 wasn't the top in most markets, it came later in 2010 as government/rba stimulated the property markets with cash handouts and historically low interest rates dragging in the least experienced & highly leveraged first home buyers.

    So basically this property is costing you over $4000 a year just to hold it (depends on whether your repayments are IO or P&I) and prices are probably falling so you are getting hit with a double whammy.

    That's not an investment, it's a liability.
 
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