I have yet to come across an investor whose portfolio has been performing at better than a net rental return of 3 % per annum, especially since the start of the bear market in 2008.
In real terms some investors have lost between 30 % to 50 % over the last six years.
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Banks were even giving away bonds like candy, and I ended up buying three properties! That’s when all the trouble really started… The rental I received barely covered the costs of the bonds, let alone other expenses like levies, repairs and maintenance. Nobody could’ve prepared me for this! The proverbial bubble had burst. Badly. CLICK the above LINK to read the Full Article.