Every time I turn on the news, pick up a newspaper or read anything online about property, I’m being pounded by doom and gloom about the state of the property market, and I’m getting pretty sick of the speculation and sensationalism.
I’m guessing that if you’ve got property on your radar, you’re hearing the same things.
Headlines like “Let the bloodbath begin: House prices in Sydney and Melbourne ‘could halve’ in the worst crash since 1890s” do nothing other than instil fear in people.
In my opinion, it’s just not fair and it’s far from factual.
The property market in many capital cities and regional centres around Australia are in a state of “correction”. This is common and normal. Correction is what happens after strong periods of growth, and we’ve had phenomenal growth in Sydney and great growth in Melbourne.
Correction is to be expected, and the “experts” should know that.
For many of us, correction means opportunity – if you’re clever and do your homework.
The three key factors you need to look for are:
- Infrastructure spend
- Population growth
Underpinning all this are your own needs and plans. Are you in a financial position to invest now? What do you want to achieve by investing in property? What’s your budget? What’s your timeframe? What’s your long term goal?
If the time is right for you to invest in property now, don’t be paralysed by the speculation and fearmongering that is being spruiked.
There are always opportunities somewhere. You just need to know where to look and what to look for – and that’s where I can help.