madhun you must be a RE agent as your comments mirror the typical BS RE agents crap on about there are no statistics that support the notion that property grows at a rate upwards of 6% p.a. i must admit even by an RE agents standards you are quite conservative as the industry uses 8% p.a. as their growth figures when extolling the virtues of property investment no figures anywhere can support such a notion when you strip out the actual monies poured into renovations etc actual real studies show that from 1970 to end of recent boom) on a quality adjusted basis real house prices grew at a rate of 2.3% p.a.
recent investors since 1997 have done very well as property has had a massive boom (they have done well if they are now out) but these same "investors" are clouded by this experience, and if they go back in for their next property will be kissing good bye to profits there are agents out there advising sellers/buyers that have never experienced a down turn in property these agents have a very rude shock hitting them now look out for some cheap mercedes benz on the market and plenty of agents on the dole queue
