Let’s get positive!

The Australian property market isn’t in bad shape and will begin to improve again as part of a normal cycle, the head of Victoria-based real estate group has claimed.

In todays’s edition of The Adviser he says, “It’s ludicrous to put too much faith in forecasters such as American property market analyst Harry Dent who believes the Melbourne market will completely flatten out like it has in the U.S.”.

The thing is, with all due respect, that nobody except those causing all the problems really know what is going to happen, it is like trying to predict the end of the world, and how many times has that been forecast!

We all know the market is facing adjustments, some more than others, but those are the markets that showed the biggest growth when things were going “nuts”, so of course they will adjust the most.

The thing to remember is, homes are, and always have been, the best and safest investment since time began. We keep building them and living in them because we need to and the other thing to remember is, times like these are presented for a reason, so buy now or soon, as this market will not last forever, it will eventually have to go up again.

So get on the property ladder while the market is low, interest rates are low and the economy is reaching from the effects of the GFC and government waste coupled with stupidity by people whose only interest is how much is in the bank.