Why the current property downturn could be a buying opportunity
An industry veteran suggests the next upswing may be closer than many expect and that the current downturn presents investment opportunities.
Falling prices and greater negotiating power are creating potential opportunities for buyers willing to time their property purchase. (Image source: Shutterstock.com and API Magazine)
After a five-year property boom that saw news media reporting almost daily on soaring prices, affordability and the challenges buyers faced finding a home, the focus has rapidly shifted to what’s no longer happening.
We know dramatisation and fear attract attention in newspapers and electronic media broadcasts. That’s certainly been evident over the past couple of months.
Having experienced eight real estate cycles, it’s clear that what’s happe…
