Originally Posted by
Arbitrage
So Skol, are you saying that in 10 years time, with Auckland's population heading towards 2 million, that house prices could be less than what they are now?
Residential property is a great long term investment. Sure the cash flow returns may vary but at least they are steady (those rental payments every fortnight are great - even through the recession). The media love the short term changes in capital values to create headlines to sell newspapers. Take out the noise and the upward trend in values, especially in Auckland, have created wealth for many canny (eg Duncan) long term investors.