By Graeme Salt
Want to buy but nervous of a collapse in property prices?
Chances are you will be waiting a very long time.
Research just release by Cotality shows that over the past four decades, there were only six years where home values fell. At most it was a 6.1 per cent drop in 2008 (GFC), the smallest was only 0.5 per cent in 1990.
Most experts predict a rise in values this year albeit modestly. Affordability pressures plus strict lending controls imposed on the banks mean that, across the country, prices are unlikely to get too far ahead.
When it comes to investing in property, the old adage ‘time in the market rather than timing the market’ is key. Held for a length of time, many people do well out of property investments.
If you want to discuss how you can get finance to get on the property market, please message me.
Graeme Salt is an award-winning mortgage broker. For a no obligations consultation on your home loan needs, please contact him on 02 9922 5055
