Where are we currently at in the property cycle? Looks like interest rates may hold, have we seen the bottom of the market yet? Are we likely to see a long phase of flat or no growth or are we likely to start seeing some positive growth returns to the market? What’s the feeling out there? Curious to hear anyones opinion?
If you are a trader, or flipper, this is important.
If you are cashflow investor (which is me) it matters not. I don’t really care what the market does. Although, you should try to get some good old cap growth with the cashflow if you can. My goal is to maximise both.My 2c worth; I don’t think the market ever really crashed – some sectors that were over-supplied and over priced did go backwards, but the average, across the board, mum and dad, mr & mrs average dwelling still went up (albeit only a little) since the downturn in 2003. It always has and always will ’cause people have to live somewhere.
I’m not bragging, but all my properties have increased in value since 2003. This is due to extensive D.D before purchase and selecting the right properties in the chosen area. It is not rocket science. This approach is not the high-flying, sophisticated, quick money-making path, but it still makes money in any climate.
I think the market will show a slow climb in most areas with some areas staying flat for perhaps all of 2007, while others will go up considerably. If you are optimistic you will find a deal.
Cheers,
Marc.
[email protected]“we get sent lemons; it’s up to us to make lemonade”
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