VIC homeowners have lost more than $290 million over the past three years

VIC homeowners have lost more than $290 million over the past three years selling properties for less than what they paid for them. Alarming figures that point to a hidden crisis in the property market reveal 5427 vendors lost an average of $54,000 on investments gone wrong in the three years to July 2011. The …

Some useful information about property investors in Australia

Here is some information about property investors and property investment in Australia. There are about 1.6 million taxpayers claiming negative gearing deductions. About 90 per cent of investors purchase existing properties. More than 400,000 investors own more than one investment property. One in four property investors holds their rental property for only 12 months, just …