There are plenty of indicators suggesting that things could be about to turn when it comes to the property market.
Building consents, migration numbers, LVR changes, auction clearance rates, interest rates peaking, etc – however, it’s important to call out what we’ve (hopefully!) learned from the pandemic surge and slump.
Property is not just a one-way bet, it’s best as a long-term investment, so that means people need to go into it with their eyes wide open in order to be able to hold it long term and avoid getting burnt.
Especially if things do start to rise again, you shouldn’t rush in without doing your homework, knowing your numbers, and understanding your hold strategy (people definitely seem to suffer from FOMO if they think they’re missing out on a rise in the property market and rush in).
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