Property locust attacks investors for not buying

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Via the Property Locust:

Investors using  the potential for a future natural disaster to not invest in a particular location should probably not bother investing at all, according to respected property market research firm and buyer’s agency Propertyology.

This summer’s bushfires followed by flooding in various parts of the nation had made some people reconsider their investment strategy, Propertyology Head of Research Simon Pressley said.

 “While there’s been a noticeable increase in investor enthusiasm in this New Year, our buyer’s agents have had numerous people emphasising that they want to avoid locations which are susceptible to bushfires,” Mr Pressley said.

“Given the damning footage of this summer’s bushfires that dominated our news feeds, I reckon at least one member of our team received a remark about bushfires every second day.”

Ditto for virus, I guess.

Don’t “invest at all” is great advice.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.