Kochie's tips for a falling property market
Louis Christopher is a property analyst who joined us today on Sunrise.
Louis has observed that the property market prices are not ‘flat’ or ‘stablising’ or ‘plateauing’ – they’re falling.
Louis says the real estate industry is not being honest about what’s happening with property prices. In the end, he says, a transparent market improves investor confidence.
Conversely, confusion and inaccurate information reduces confidence and potentially creates bad decisions, including some important decisions from the Reserve Bank, like lifting interest rates.
Louis believes the Reserve Bank shouldn’t lift rates, but says that if they do, house prices will continue to fall in all capital cities until at least the end of the year.
Is this what you have noticed? Tell su what movements you've seen in the property market...
Kochie’s Tips for a falling housing market:
- Put all of your savings into your home loan
- Try to have at least 30% equity in your home
- Don’t buy before you sell in this market
- Don’t be a forced seller
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1 Comments
Good information. If you are going to invest in the real estate business so always be careful. Rentals Bunbury
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