Is There A Good Or Bad Time To Buy Property?
There is never a bad time to buy property. Property is very flexible and is a very safe, forgiving form of investment. (That is why the banks will lend more against a property than any other asset class). It pays to have properties in various locations around Australia to take advantage of the different stages in the property cycles. The ideal situation is to buy just before a rise in a property cycle , but if you should miss out, buy well located property anyway, just add a little time to the equation, and watch your portfolio grow. That is why a “buy and hold” philosophy is fundamental to wealth creation in property.
