I'm only new to HC but geez this place makes me laugh
property will always be my number 1 investment. I'm a low wage earner in comparison to most. Currently have 2 houses cash flow +ve looking for a new one.
As has been stated it's the land which is going up in value and so you need to make the most of that. Bit more of a hard slog but I enjoy it, plus I'm still young so better make the most of it. I bought a cheap house in a crappy suburb (adelaide) a few years ago, renovated used equity to sub-divide, used equity in land to build on the sub-division, moved into new house for 6 months finished all gardens etc end up CGT free as it has become my ppor, then moved on again. Rinse and repeat. In that time the exisiting house has gone up in value enough to recoupe the loss the subdivision created.
it's a fools game to buy a house slap a tenant in then leave it be.
I say bring on the crash (I dont believe there will be one) I will be waiting to buy my next
