Interested in property investing? Visit our website at http://www.binvested.com.au to find out more about how we can help you.
On almost every measure our property market is performing badly, the latest Idea figure show, house prices are down, people are borrowing less and building less. Our Data Rismark analyst Cameron Kusher says people are scared to buy in an uncertain climate on our page that is number properties prices across the capital cities fell 2.9% over the past year.
Selling are down about 18% from the 5 years so clearly there is not a lot of activities out there in the market, we are seeing the verdant discounting tiles level since back in the mid of the GFC, so it is though out there to sell, we see a lot of record level, a lot of elevated level, interestingly it is not new listing that is driving up the total volume of stock in the market. So clearly property is quite hard in the shift many areas.
So while the outlook of properties grim, it also could be a great time to get the bargain, Kusher said some states are likely to perform better than others over the next 12 months.
The market of property is slightly falling, obviously with some variances looking out, others could be weak, like western Sydney.
Of course those who have made a living out investing in property are still outbreath over the future, Nathan Birch started investing when he was just 18, he said regarding whether the market is up or down the rules of investing stays the same.
You can make money in any market place, whether the property value is going up or coming down. I put a lot of my money in my properties when everyone was telling me not buy them, the news was telling me bad things, strive was going up. If you buy at the same time keep the money.
Also join our communities on:
Forum - http://binvested.com.au/forums/
Facebook - https://www.facebook.com/binvested.com.au
Twitter - https://twitter.com/b_invested
Pinterest - http://pinterest.com/binvested/