A very interesting read guys.

Im from SA and I am currently developing some property in SA and I believe in keeping things simple and local when it comes to property investments.

A while back it was forecasted that prices in SA were over-inflated and that they would drop or at best level out. 12 months later prices are still increasing in many growth suburbs of SA… however there were those suburbs that were over inflated and did drop.

II think global and national economic factors have an influence over property prices but what about all the factors that occur at a suburb level…? Whats are your thoughts on this?

Going back to my comment about keeping things simple. Well my wealth creation process is basically buying run down places in growth areas and then developing appropriate homes for the people who want to live in those suburbs and then either renting or selling them.

Its been working well for a while, so havent had a need to change the process. Its not easy, but the more you are in tune with whats really going in your city/suburb the more profits you can make.

Keep the posts going on this one, really enjoying it. [thumbsup2]