PROPERTY! There has been no shortage of people who have asked when they should buy property? Well the time is upon us NOW.
We have seen the stock market free fall – banks and companies have collapsed that we never thought possible. The Japanese stock market is at its lowest point in 25 years and the US market is at its lowest point in around 12 years. Australia has erased most of the gains for the last 8 years, falling by more than 50%. Property has not fallen by anywhere near 50%!
The debate between property and shares has gone on for years. For anyone looking at purchasing property in a great location now is the time to do it. Many unique homes are coming onto the market and may not be sold again for many years. Even better, the prices they are being offered at are significantly lower than was the case only a few months ago.
Bricks and mortar have held up stronger than shares in the US, Britain and Australia and for those willing and able to take advantage of lower property prices, there has been no better time than now to buy.
We are auctioning a great home at 19 Nelson Street Woollahra (New South Wales, Australia) this Saturday and competition looks strong for the landmark home. I look forward to seeing you there ready to bid at 10.30am.