Australia’s Disrespect for Debt

For many Australian property investors (not all) they’ve ridden the wave of increasing property prices primarily based on increasing debt levels (leverage) and government incentives. Any asset, whether it is property or the share market, that has been driven not by fundamentals but increasing debt levels the risks become higher as prices increase. Australians need to be cautious particularly at these levels of historically high debt levels on Australian property. If you are buying a home and you can afford it fantastic, if it’s an investment property based on what is often conflicted and biased advice I would be exceedingly careful. I always acknowledge the people have made substantial money in the past. That’s part of the problem. General advice only. #investmentproperty #propertyinvestment #investing #financialadvice #wealth