Newspapers sell by spreading shock, fear and gloom. In the property area, we are either booming or busting. Sometimes just days or weeks apart. They must touch the nerve of fear or greed to fully engage us. We are routinely advised that our property market is overpriced and we can’t continue to withstand gravity. Depending on the economist, the might be 40% or even more.
This, at the same time as the latest figures showing yet a further rise on the Eastern seaboard of Australia. The following article includes both the latest increase and the reason why the music will stop.
This has been a regular routine over the last 17 odd years. We have observed both the hysteria and the routine cycles. On the coal-face of the property market, we have alerted our clients through our regular weekly bulletins to the need to exercise a sensible caution to the sensationalism. Quite simply it is regularly overstated. But eventually, there has to be some change to the seemingly endless growth.
As it happens, it would be our observation that the attached article identifies some genuine reason to expect that the cycle may well change over the next 2 year horizon.; The arguments are neither sensational, nor unreasonable (well, maybe the headline is over the top). We think that this time, at least for a while, the music might actually stop for a while. Stay tuned (and like our Facebook page to keep informed on the latest news and advice)