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Major bank boss warns of "irrational obsession" with property investment

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Australian Broker | 03 Nov 2014, 07:34 AM Agree 0
​The chief executive of one the major Australian banks has called for a “very rational debate” about property investment in this country
  • Papery | 03 Nov 2014, 11:50 AM Agree 0
    I agree.
    Most average punters dont take into consideration all the factors...the real entry costs & ongoing costs, as well as the exit costs...All they have been taught to focus on by the spruikers is that property values & rents only ever rise.
    I have met many mum & dad (naive) investors who would have been better sticking their money in a nice warm Term Deposit.
    In general, most would be property investors are not that astute & rely on others to give them cheap advise & this is normally by way of a Property sales person who is relying on a fat commission from the sale.
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