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What’s ahead for Property?
We all know that the values of property have gone nuts particularly in the past 4 years. Values are too high and they must fall. We are now looking at the end of a 15 year bull market for property which has cushioned us from the ‘hard landing’ we would have felt economically from the end of the mining boom.
The Government has sent the watch dog (APRA) out to attack these price rises in recent months as the cost of property is now a real problem politically for Government.
Read this article from ABC to see why interest rates are going nowhere for a few more years and property prices are set to fall. You should be considering holding off for the short term on buying property if you agree with this article!
Hope this helps….
