The easy money era in property is over
After decades of steady gains, Australia’s housing market is entering a more complex phase, where rising costs, economic uncertainty and shifting risks mean investors can no longer rely on price growth alone to deliver returns.
Property has for many years seemed like a 'no-brainer' investment - but times might be changing. (Image source: Craig Francis)
For most of the last 20 years, investing in property hasn’t been rocket science. Prices have generally risen, even when dire predictions of major price falls due to Covid were considered fait accompli.
Steadfastly, stubbornly our housing prices kept climbing, to the point we now - relative to incomes – have some of the most expensive real estate in the world.
That confidence underwrote a lot of very average decisions by homebuyers and investo…
