We’re hearing the doom and gloom everyday in the newspapers, online, and on the television. The Australian property market is in a massive down-turn and this should have us battening down the hatches and hiding our money under our mattresses, right?
Well, not exactly.
Investors who study the property market over the long term understand that the Australian property market works in a cycle. Government and privately funded infrastructure largely influence population growth and job opportunities which effectively dictates where each state and region sits within the property cycle.
The data shows that the Sydney and Melbourne markets have experienced incredible growth over the past decade however, both cities have passed their peak and are now on the decline. The Western Australian market has been in the decline stage for quite some time and is expected to reach the bottom of the cycle in the next few years.
If Sydney and Melbourne have peaked, where should you be buying?
Particularly South-East Queensland, from the Sunshine Coast to the Gold Coast and out to Toowoomba, known as the “Golden Triangle” where three quarters of the state’s population live and work.
If Queensland is in an upward swing, why do the media miss this?
The main reason is the old adage amongst media outlets… “if it bleeds, it reads”. Basically, feeding people facts and positive stories is not an effective tactic for keeping viewers captivated.
The best way to stay properly informed is to research the facts yourself and speak to independent industry professionals.
Contact us at Trend Residential for a confidential discussion on how best to profit from the current market.