remember this agent probably had a vested interest.
also remember that was what melbourne agents said about geelong and bendigo 2 years ago and their capital growth has outstripped melbournes in that time.
i think there are opportunites in all areas you just have to sniff them out – and they might not necessarily mean +ve cashflow bargains.
if you want good capital gains my suggestion is the bass coast in victoria. highest regional population growth in the state, comparitively low entry level (compared to surfcoast), on the coast to take advantage of the baby boomer migration.
average for positive cashflow
philip island and inverloch and surrounds
all 2 hours from melbourne
surely the best lessons are based on more than a fable about a rich old man.
if thousands of people are basing their investment empire mostly on a story that was fictional than that is a worry.
i guess the key is to treat all advise with a degree of sceptisism. ive read his books and found them very insightful and motivating – but thats it – nothing more and nothing less.
and to be frank i dont care how happy rk ‘looks’ or how ‘attractive’ his wife is.
alan bond looked pretty happy with life when he won the americas cup.
personally i think fear and pessimism are two differnt things. pessimism is negative and fear
can be both + or -. infact fear is probably the driving determinant of all social behaviour (deep eh)
fear is good if it builds awareness. and awareness is good it it leads to the truth…
if that makes sense.
and by the way time maybe the essense of investing but remember the story about the turtle and the hare.