Property investing: A cautionary tale
Independent Financial Research
'Property prices always rise' goes the old saying; Unfortunately no one told Queensland mining town Moranbah. “Crack the champagne, cue the confetti and make noise: It’s Your Investment Property’s favourite time of the year again. This issue we unveil the winner of the fifth annual Investor of the Year Award, where we honour Australia’s finest property investor as well as a handful of other investors who have made considerable achievements in their property investment adventures. These are ordinary, everyday Australians who have chosen to make a difference in their lives through property investing. By showing fortitude, the willingness to take risks and a sense of the gigantic opportunity that is Australian property, they’ve strived ahead and offer a shining example of how to succeed.” These ebullient words come from a 2012 copy of Your Investment Property Magazine. The winners, Kate and husband Matt Moloney, had indeed shown a willingness for taking on risk in the Australian property market. Unfortunately, it turned out to be something less than a gigantic opportunity. Read full article here: (VIEW LINK)
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