Endure economic wild cards through long-term investment planning
An unpredictable property market is surprising agents with unexpected sales highs and lows, while economic wild cards are a source of uncertainty, but a winning strategy for buyers is long-term planning.
Long term plans and understanding market trends are essential for developing a housing market investment strategy. (Image source: Shutterstock.com)
The nation’s economists sat glued to their screens while journalists confidently predicted interest rates would not rise in April. As far as they were concerned, the next move would be towards the end of the year and that move would be down.
Then, the Board of the Reserve Bank of Australia struck, lifting the official cash rate to 3.85 per cent.
While everyone was reading the confident headlines, Philip Lowe, Governor of the RBA noted in his st…
