Maybe you need to do a bit of in-depth research Those who invested in property in the 90's bought at prices In 1996 Median house prices Melbourne $131,000 Sydney $211,000 In 2003 Median house prices Melbourne $ 276,000 Sydney $ 454,000 In 2010 Median house prices Melbourne $ 505,000 Sydney $525,000 In 2017 Median house prices Melbourne $ 904,000 Sydney $ 1,178,000 Those who invested in the 90's are to far ahead to worry about 10, 15 and 20% correction as the have lived through the cycles with its ups and downs. Know when to buy and sell The factors driving property prices in this direction are population growth, concentration of this growth to cities , and Generation X's and Y's fantasy for appearances, and living it up to their limit of expenditure. Then we have the unprecedented influx of skilled and educated migrants who are willing to work a 2nd job as they have tasted what it is like not to work or work to live week by week 1) Do your homework 2) understand the risks 3) plan the time invested to minimise the risks 4) don't take advice for realestate agent( their in it for the money) or doomsayers ( they missed the train). 5) Use the appropriate investment vehicle that matches your planned investment time and risk management in place. 6) alway calculate repayment on the amount borrowed at 1.5 to 2.0 percentage points higher than current interest rates to allow for interest rate cycles as they historically have ups and downs. All investments have an up and down cycle , setting a dynamic planned strategy and a risk management plan in place are the key to minimise losses enhance your ability to adjust to market forces
Expand
