Why property is no longer a safe bet

The drivers that delivered phenomenal gains in the Australian real estate market over recent decades can never be replicated.

According to my colleague Adam Carr, “buying property is, quite simply, a no-brainer” because “on any reasonable time frame, prices do only go up” (Why Gonski is wrong about house prices, September 9). In the current circumstances, it’d be tough to find a more bullish take on the property market short of seeking the views of a real estate agent or property developer.

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