2023 property market defying media's downcast expectations
New API Magazine columnist Andrew Bell OAM discusses how the property market has unfolded in the opening months of 2023 and argues that the best time to buy a property is during the realignment phase now underway.
Andrew Bell says there is nothing alarming about the present state of the property market. (Image source: Shutterstock.com)
The real estate cycle that has been demonstrated for more than 100 years all but guaranteed that after one of the greatest booms in the real estate market during 2020 and 2021 that the second half of 2022 and a good deal of 2023 would become a correction or realignment market.
No market can continue at that gangbuster pace indefinitely and it’s important for markets to pause and reset.
Unfortunately, in both the rising market and in the correct…
