Have you tried investing in real estate in Melbourne?

Hi everyone,

I was actually hanging around here for a couple of days now and I find this site very interesting. surely, I would love to mingle with the folks here and exchange thoughts on different areas. Just wanted to ask and would like to get your opinion on real estate investing.

Property has proved a relatively secure investment over the past quarter decade in Australia, with returns above 8 per cent in some metropolitan markets, but what should you consider before directing your savings to an investment property?
any thoughts on this will highly be appreciated. thanks.
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I SMSF, I've dabbled in investing in real estate, moreso on the property developing side of things. I didn't have a great experience to be honest. So much of it is timing, and I was stuck trying to sell a house right in the middle of the GFC. I lost cash, and one of the biggest things I learned was timing is everything. If I had of developed a few years earlier, I would have come out on top. It's never easy.

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Rentals in Melbourne (CBD), VIC 3000