BennyModerator@bennyJoin Date: 2002Post Count: 1,376Where do you expect Australia property values to be in 12 months?
This thread is for discussion of this poll. Please submit your vote and your thoughts on why!
BennywadezParticipant@wadezJoin Date: 2013Post Count: 18
A better questions is if there is a sudden decline in property prices in 12 months in Melbourne and Sydney. Which suburb will you buy?BennyModerator@bennyJoin Date: 2002Post Count: 1,376
Thanks for the idea…. Do you have an idea that such a decline is likely?Corey BattParticipant@cjaysaJoin Date: 2012Post Count: 1,010
Some markets up, others down.
I couldn’t possibly talk about the Australian property market in one direction as a whole, each market and submarket moves to the beat of its own drum.wadezParticipant@wadezJoin Date: 2013Post Count: 18
The question is not about likelihood or timing but instead preparationDon NicolussiParticipant@donJoin Date: 2005Post Count: 1,086
Benny – my vote was similar to today if the question is about the national average – nation median price. Looking forward to the next part of the cycle to be honest – a much better time for buyers.
James MRDParticipant@jamesmrdJoin Date: 2015Post Count: 5
- This reply was modified 4 years, 8 months ago by Don Nicolussi.
Pretty interested to see it move either way.
If you are a smart property investor you win either way. With higher capital growth comes less opportunity to buy again, but higher rental yield from existing properties as they increase in value. A downturn in prices in the market just provides an investor with more opportunities to buy again.
You run into trouble if you don’t have any margin for market movement in your portfolio.
Happy days if your building wealth responsibly and have margins in your life.