A year ago we warned that property tragic, Dick Wakelin, was giving his clients a bum steer:
So let’s have a reality check. In most capital cities, property prices have gone up in the last quarter, while Sydney prices fell just 0.6 per cent, according to CoreLogic. And this is occurring in the second half of the year, a period when the market tends to slow. Moreover, it is likely that interest rates will remain steady in 2018, a highly supportive environment for property.
Sure, the market will one day go through a downturn, which may last six months, a year or even two. But it hasn’t yet. And regardless of the guessing game around the timing of this short-lived retreat, as future retirees, we all should invest in property when we can afford to.
