There are many different types of properties in many micro markets, it really is a very complex environment. Couple this with our many differing circumstances, experiences, personalities, etc, it just isn't black or white.
For me, the only property I would invest further in at the moment would be to renovate an investment property outside of Sydney where I would hope to retire after renting it out for a while and take advantage of favourable taxation policy.
About 75% of my net worth is in property (including fully owned PPOR) with the balance being in super and less than 2% in casino shares.
The next few years (unless the renovations are undertaken) is about paying down a moderate investment loan, more into super and a bit of 'pokie 'money into the ASX casino.
Again, so many variables but I would expect that the prudent approach would be to use the low interest rate environment to pay down debt. Of course, this approach will not grow wealth spectacularly and those that borrow hard may do very well. However, one of the great aspects of property is that it allows you to sleep well if you buy well positioned, researched and funded property.
I sleep well and have done o'k, it is a period for me to consolidate and sleep that much better & more time with family.
I would not like to be starting out on the property 'ladder 'now but I wholeheartedly believe that owning your own home is one of the best decisions one can make - again, we are all different.
