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Not on residential, but on commercial.. If you plan to invest the best scenario is the get a porperty with a tennant who must stay on or get a property with multiple leases. So if 1 departs you can still afford interest.
Matt, Older people are the best to talk to. Perhaps if you do not have a tennant yet it might be best to seek one with an interest in gardens. I did this and the tennant ended up making my IP look better than when I brought it. As they took ownership of the garden becuase they could share their knowledge with me and watch it grow.
good luck.
Foundation,
You make some valid points on this discussion. Would you say the same has happend in other geo's that are more mature than AUS. Or are we fixated on the good old aussie dream that one must own their own home so therefor prices will get to a point that we cant afford and come back a little. I hear in other countries that it take 2-3 generations to own a property, maybe with shared equity loans etc in the future this might happen in Aus and prices keep going up…. any thoughts?